Monday 3 December 2012

Stock Pick 4/12/2012 10am

As we have mentioned, market is giving a lot of opportunity to make money
on long side only.

As i mentioned M&M, HDFC Bank and Tata Steel are consolidating.
JP associates has hit most of our targets, now enter only after it breaks 102 decisively,
you can see again some sideways momentum there.

Tata Chemicals and Exide industries are seeing a lot of upward momentum.
Tata Chemicals has nearly touched 350 today in the morning and volumes are
quite encouraging.

BUY JSW Enegergy @ 65.8 to 66 (December Futures)

SL - 64 (closing basis)

Target - 68, 70, 74, 76, 80

Duration - 1 week

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