Wednesday, October 1, 2008

01-10-2008 Market Update

Since there is no clarity or direction in this market, it is best to wait and stay out, The market began on a weak note but stabilized to see a decent close today

Buy Hero Honda with a target of Rs 950-1000

Buy ONGC on declines with a stop loss of Rs 975 and target of Rs 1120,

Hold Nifty long with a stop loss of 3910 and target of 3980

Top Gainers A group
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+ Videocon Industries 222.85 +13.87
+ Satyam Computer 318.75 +7.47
+ Patni Computer Sys 190.85 +7.43
+ Gammon India 148.00 +7.13
+ JaiprakashAssociates 118.90 +7.02


Top Losers
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+ KSK Energy Ventures 222.00 -6.74
+ Hind.ConstructionCo. 71.90 -6.68
+ Sintex Industrie 268.15 -5.36
+ JSW Steel 454.65 -5.32

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