The market gained marginally during previous week. It appears that the market may open with negative bias on Monday. The week will be highly volatile as we have F & O settlement for March on Thursday and Wednesday is holiday due to Ramnavmi. However the way market is behaving it would be wise to remain bullish and treat each reaction in the market as an opportunity to enter good scrips. Market has strong support near 16800 and 16200 and in near future it is not likely to fall below 16200 on SENSEX. After a couple of weeks we shall have results season and I think that will drive market upwards and may be near 18500 by the end of April. In short, in present situation it would be better to remain bullish than to turn a bear.
CENTURY TEXTILES looks good. Its long term target is 644. Add it in your portfolio and wait for about 2-3 months. RELIACE(RIL) is another good stock at present. Its target is 1260 in near future. HCL TECHNO has a target of 393 and then 411. Keep an eye on these stocks. Other stocks to watch are ASHOK LEYLAND, M & M, RPL, NHPC, INDIA CEMENTS.
0 comments:
Post a Comment