Thursday, 27 September 2007


Ashwani Gujral holds the view that Unitech may consolidate in the short term but should go back to about Rs 400.

CMP: 314.25


As per Technical Analyst Sudarshan Sukhani, one should book profits in Reliance Petroleum and Reliance Natural Resources

Markets today

SENSEX finally closed above the 17K mark today. Technology and Metal stocks were the start performers today. Infosys was up 5% today, while Sterlite Ind was up by 9%. Reliance Petro was among the major losers today.

Technical Analysts Ashwani Gujral is of the view that the long term fundamentals are still positive but the markets may consolidate in the near future.

Stock Tip: Omaxe

Omaxe looks like a good buying opportunity at this point. Keep a stop loss of 325-330 for a target of 45-455

CMP: 339.10

Tech Stocks

Frontline technology stocks have been doing well since the last two trading sessions. If you also compare their prices most of them were very close to their 52 week lows. This could be a good opportunity to buy frontline stocks.

Broker recommendation: ITC

Sharekhan is still quite bullish on ITC. They have maintained a buy recommendation on ITC with a target of Rs 200.

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.