Hot Calls For 9th January

Quite a day yesterday’s been. Unpredictable and volatile which offered traders gateway to get better returns on their investment.

It was indeed a profit booking day yesterday, as though all the investors were waiting for the magical 21,000 mark, which finally happened around noon, and every one, almost everyone started booking profit :).

Now heading on to todays call, I see some nice stocks for the day and for long term holding as well. There are signs of good momentum in the market, but as I browse around right now, I also see that the US market has tumbled down bad and the Asian  markets haven’t faired well either. I’m bit skeptical about today, but Indian market is far from following the trend, at least for the last few days it has been so.

Infosys

Infosys results are around the corner so one can bet to trade on Intra day / Short term Positional based calls. If it sustains good volum, it looks positive beyond 1720. It has good resistance 1700 and has a major hurdle around 1835.

Polaris

Polaris is looking strong and moving towards 140 + may be can cross 150 +. Keep a SL of 123.

PFC Power finance

PFC looks good for a buy around 248 - 250 and the stock is showing momentum towards 255 - 259.

ITC

Still bullish about ITC. It’s heading towards a target of 239 and then to 250. Keep a stop loss of 224.

Idea and DLF seem to be ready for a move. If you go through one of the old posts, I had mentioned that DLF is ramping towards 1200  and it is still the same, almost there.

Alps Industry

For long term investors (9 - 12 months), alps industries growth rate will pay off on your investments. This is a stock to watch out as it will move from 83 to close to 140 - 150 levels in the specified time.

This entry was posted on Wednesday, January 9th, 2008 at 9:09 am and is filed under Free Day Trading Tips, Free Share Delivery Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.