Sunday 6 January 2013

Market view 7/1/2013

Market as informed earlier is up only.
There could be small halt around 6065-6080.
If there is continuous buying at this level, then
the immediate target would be 6150.

This week is results season starting and hence
the focus should be stock specific only.

Stock Pick for today:
Buy ABB @ 716-720 (Spot Price)
Stop Loss - 704 (Closing basis)
Target - 730, 736, 742, 749, 760, 780, 800
Duration - 1 month

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