RALLY TO MADE A HIGH OF 3435
Wednesday, July 18, 2012
Kulkarni told CNBC-TV18, "In case Hero Motocorp, there are clear signals that one should be actually going short. Although Bajaj Auto has done really well in today’s trading session the stock has actually plummeted more than 10% in the last 5-6 trading sessions. People are actually moving into Bajaj Auto post their results."
He further added, "Hero Motocorp has actually underperformed its peers overall and today I would expect the stock to move lower probably around Rs 2000, which is a decent target price for the stock. So I would look at shorting Hero MotoCorp, the stop loss would be at Rs 2105."
"The other one where in we are seeing possibilities of the stock moving lower is L&T where in Rs 1405 is the stop loss for the trade and on the lower side the stock may actually come down to Rs 1340. In the midcap space Asian Paints looks weak, I would expect about 5-6% fall in case of Asian Paints from the current levels."
BTST STOCKS : WATCH OUT
BUY KTK BANK AT CMP 99-98.50, SL 96 CLOSING BASIS, TGT 106!!!
HAVE A SIP WITH McLEOD RUSSEL WILL BLAST BUY CALL GIVEN
ABOVE 326.00 WILL SEE TGT 350-370 SL 317
BUY DEEPAK FERTILIZERS
@
130-131
TGT 136
BUY
TGT-540-560 SL 525
BOOKIE SAYS TO BUY AT DIPS RAYMOND ON CARDS
ABOVE 380 STRONG TGT 540++++ SL 514
ALSO WATCH TTK PRESTIGE UPWARD RALLY TO BE SOON
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