IFCI looks like a good buy
CMP: 64.35
Target: 80-85
Stop Loss: 57-60
TORRENT POWER
Torrent is going pretty strong and has a target of 95-100.
CMP: 82.40
KERNEX MICROSYSTEMS was locked today as well at 5% upper circuit. CMP is 312.
The US Subprime problem has caused tremors across the globe. This obviously had impact on the Indian markets as well which saw its single biggest fall since 18th May 2006. But this is seen by many analysts as healthy correction and a good buying opportunity. Nifty closed at 4178 points down 191 points while SENSEX closed at 14358 points, down 642 points. Metals was the sector that took the maximum beating.
KERNEX MICROSYSTEMS is locked at upper circuit of 5% today. CMP is 296.95
Omnitech Info IPO has done pretty well on its first day of listing. It listed today at Rs 183.75, which is at about 75% premium against its issue price of Rs 105.
Gayatri Projects
CMP: 287
Stop loss: 271-275
Target: 355-360
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.
