26 Oct '09 Pick

Pick Punj LLoyd at cmp 223. Already down by 15% due to its not so good Q2 results.. SL 200. Nearest target 250+ in 15-20 days.
Another good pick is ABAN Offshore. It was hovering around 1600 levels few days ago. Today closed at 1381.05. Now start accumulating at lows. Good pick at current levels for next couple of months.

Toaday's stock

TATA Steel @ 550...wait till it reaches 580 in 4-5 days

Todays quote:

One bird in hand is better than two in the bush.

Stocks to watch

1) Reliance (tgt - 2350 sl 2150)
2) TCS (tgt -750 sl 587 : 2-3 months)
3) Axis bank (tgt 1100 sl 790: 2 months)
4) Maruti Suzuki (tgt: 1850 sl 1350: 2 months)

Indian Stock Market Ready for Break out

After a good Diwali, a brief correction in the Indian stock market has been in the process of being completed. It is expected to touch new heights as soon as brief correction is over. In first spell, the sensex may cross 18000 mark decisively. This is expected to happen in next 1-2 months.Then it will be natural to book profit and sensex would hover around that mark for quite sometime before moving to next landmark 19000 which will be in the end of Dec. 09.

The sector which looks most promising for quite some time is IT. Most of the Indian companies has posted handsome gain in profits (20- 60%) and revenue growth (YoY).

The road gladdens the obsessed ghost.