Tuesday, September 7, 2010

Take a breath baby...

Market has entered in new bull phase by giving channel breakout. Click below graph to encourage. As I have mentioned that no need to panic till the time FIIs are buyers. NIFTY has also breached the level 5600. Short term support for it will be 5550.



ONGC has done significantly well by making high of 1365 on NSE, my target is 1390. One can also enter CIPLA @ current price for target price of 325. Check out the graph of Hotel Leela.

Ajanta Pharma, Allied digital, Arvind looks interesting one can enter at current market price.





Cheers
Chirag CM

2 comments:

Unknown said...

hello Sir,
I have bought 1000 ONGC at price 1300 on your recommendation. Should I close my position?

Chirag said...

@patel u can close ur position around 1385