Tuesday, October 20, 2009

DERIVATIVE STOCK PICK

HOLDING PERIOD – ONE to FIVE DAYS
  • MARUTI ( CASH - Rs.1546) :
The stock has completed its short term correction and is all set to make a new high. Buying is advised once the stock crosses the level of Rs.1568 for a target of Rs.1592 and Rs.1618. Beyond Rs.1618, it can even reach levels of Rs.1648 and Rs. 1672. Stop Loss of Rs.1539 should be kept.
  • TCS ( CASH - Rs.621.05) :
The stock is likely to move up once it crosses the level of Rs.626 for a target of Rs.638 and Rs.649. Higher target of Rs.667 is also possible. Stop Loss of Rs.599 should be kept.
  • WIPRO ( CASH - Rs.585.25) :
The stock is likely to move up once it crosses the level of Rs.598 for a target of Rs.610 and Rs.619. Higher target of Rs.631 is also possible. Stop Loss of Rs.581 should be kept.