Stock Market Tips for 08th March 2007
March 8th, 2007 by AnalystThe markets are now in an oversold territory, a sharp bounce back is overdue now. One can start taking long positions now as most of the stocks have beaten down to very attractive levels. Following stocks are worth buying in the morning.
Tata Motors at anywhere around Rs. 740.
Sobha Developers at around Rs. 630.
Bata India between 225 and 230.
The Reliance IPCL Merger
The merger of Reliance Industries and IPCL has been cleared now and we expect IPCL to bounce at this news to a level of Rs. 280 to Rs. 300 in next one week. Reliance Industries will also move upside but there is more upside in IPCL.
IPCL was closed at Rs. 231 yesterday, try to take a position at below Rs. 240 and it will give you handsome returns in a week’s time.
A penny stock NANDAN EXIM
The stock has been beaten down to Rs. 3 from a level of Rs. 14 a few months back. It has a strong support at Rs. 3 and if it does not fall below this level, it becomes a good buy.
Posted in Daily Tips |
