The following stocks has given short term trading signals
1.Bharat forge: The stock is showing signs that it has bottomed out. The stock might show some downside. Buy the stock when it comes above 80 after it has come from the low. Book profits close to 90.
2.Cummins India: The only stock that shows some bullish signals. Buy the stock close to 195 with stop loss at 192. The target for the upside is 215.
3.All oil marketing companies such as IOC, BPCL and HPCL can be shorted at high levels.
4.IVRCL: short the stock near 150 and book near 135.
5.Mcdowell: Short the stock near 900 and book near 850. The stock can go down to 800 also.
6.NTPC: Short the stock near 180 and book near 170.
7.Tata Power: Short the stock near 760 and book near 725.
Happy Trading
Samm Inc
Sunday, December 28, 2008
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