Sunday, April 25, 2010

MARKET TREND


  • Market may open gap up on Monday, April 26.
  • SENSEX may cross 18000 during end of April/beginning of May.
  • The bullish trend is intact and it is wise to remain bullish for next month.
  • Metal sector for a short period may show weakness.
  • Reliance looks good with short term target of 1375 and long term target of 1750.
  • Pharma sector is attractive. Keep an eye on good pharma shares.
  • Cement stocks like Gujarat Ambuja and India CEment are good picks at this level.
  • Some stocks to watch are: CHEMPLAST SANMAR, ASHOK LEYLAND, NTPC, NHPC, BURNPUR CEMENT.


BUY RELIANCE POWER FOR LONG TERM INVESTMENT.


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