Tuesday, September 8, 2009

A Much Awaited Breakout Has Come Finally

Hello All!!

I had been saying to so many people around me that the breakout is expected to come on Monday or maximum by Tuesday of 2nd week of September (those who heard would agree with this statement) and it happened on Monday.

Now what to do??

As of today, we have breakouts both on the daily and the weekly chart of the Nifty. So, one can go long on the nifty itself.

All the recommended stocks are on the right track.


Stocks to buy

Satyam Comp:- The stock can be bought with a target of Rs135/-. Stop Loss would be Rs116/-.

Purvankara Project:- The stock can be bought with a target of Rs142/-.


Avoid stocks like Amtek Auto as they may see a phase of consolidation or a bit of correction.


Thanks
Neeraj Sehtya