September 29, 2008

Intraday View For 29/09/08

Nifty: Resistance 4040/4085/4114/4175/4300
Supports 3939/
3900/3883/3863/3838

View: Nifty managed to close marginally above our support of 3993. One may now consider dips to accumulate stocks. Nuke Deal getting final nod is a good boost for our markets. Final trigger could be passing of bailout plan by US House.

Long Term Picks (Accumulate in parts):
LT
YES BANK
HDFC BANK
SYNDICATE BANK
DIWAN HOUSING
RIL

RELINFRA
RPL
JAYASWAL NECO
(Possible Long Term Multibagger)
PRAJ IND
IDFC
GVKPIL (Possible Long Term Multibagger)
ESCORTS


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