Market Review for 1st September 2008
BSE Sensex: (14565) the market did an about turn and short cover drove the market up…so far the strength is good but the strength needs to be sustained if the down move has to stop…
Archive for August, 2008
Weekly Review for the Week September 1st – 5th 2008
We said ‘Technically the market can bounce from here for the next few days and until F&O expiry as the place for a bounce is right but for that to happen the low needs to be validated and a technical confirmation should come in which is lacking so far and if that happens then the market has the potential to climb to 14858 and extended to maybe 15029’
A hotel scrip must buy.
Stock Idea From: –
Scrip: – Hotel Leela.
BSE Code: – 500193
CMP: – 31
Macquarie Research Equities’ ‘neutral’ rating to ONGC
ONGC
cmp: Rs 1,023.30
target price: Rs 995
Citigroup Global Markets assigns ‘hold’ rating to Areva
Areva T&D India
cmp: Rs 1526.10
target price: Rs 1,809
Sharekhan maintains ‘buy’ rating on Aditya Birla Nuvo
Aditya Birla Nuvo
cmp: Rs 1,310
target price: Rs 2,035
CLSA’s ‘buy’ on UltraTech Cement
UltraTech Cement
cmp: Rs 595.95
target price: Rs 791
Alchemy Share and Stock Brokers has rated Mahashtra Seamless a ‘buy’
Allied Digital
cmp: Rs 713.95
target price: Rs 1050
Market to remain buoyant next week; global cues eyed
Market mood turned for the better on the last trading day of the week and is likely to remain upbeat in the forthcoming sessions with most of the speed breakers out of the way.
By in every Dip – Rajesh Exports.
Stock Idea From: -
Industry tycoon K K Birla dead
Industry tycoon Krishna Kumar Birla died in Kolkata early on Saturday morning. He was 90.