Hot Calls For 8th January

IFCI

Looks good for about 8% - 10 % growth, which will be around Rs 102 - Rs 104, from the level - Rs 95.5. Keep a stop loss of 90.

REL

I do not see any decline in it’s growth today. It has been one of the strong stocks even when the markets were down considerably. Though, one must be careful, if planning to get into this stock at this point. Worth watching.

Thought it would do 2500+ by mid Jan, but has over done .. Have a look at this previous delivery / Intra day cal.

RNRL

In the previous call, I did mention that RNRL, if it happens to cross 200 mark, it would reach 220 - 230, well it’s almost close to 230 now.

RNRL has a strong support at 218 - 220. If it crosses 228 - 230, then it’s heading towards the 250 mark.

PETRONET and ITC, I’m still bullish on both of them. No idea why I missed ITC, but it definitely has been a bagger in the last few days.

COLGATE (COLPAL)

Colgate palmolive is heading towards it’s all time high price and geared to break past it. If you are a mid - long term trader, you should be looking at 600 mark. Stop loss for Colgate is around 420 - 422.

Sugar Stocks:

The compulsory use of ethanol, has given the sugar stocks an edge of no where. All the stocks which performed well and suddenly were pushed to the under-performer groups are making their way back into the bright light.

Sugar stocks are all set to fuel up the dark horse towards victory. Some of the good performers will be :

Bajaj Hindustan which is around 350, is looking strong to move towards 370 - 375. Looks good for intra day with a stop loss of 330.

DHAMPURSUG, once it crosses the 99 mark, it’s next stop is around 115 and subsequently 135.

Other good sugar stocks are : Balrampur chini and shakti.

Ashok Leyland

Ashok Leyland is worth a buy at Rs 56 - 58. Plan to bear a stop loss of Rs 47. Set for the first target at Rs 75 and the second at Rs 110. You need to wait a bit on this one though.

This entry was posted on Tuesday, January 8th, 2008 at 3:11 am and is filed under Free Share Delivery Tips, Advices. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.