In last few days the Nifty fell more than 5% while OIL PSUs including IOC rose by 5% +...
The technical indicators are quite positive with the MACD also signalling an upward bias.
The above chart suggests investors can accumulate this with SL placed at 525/- (yes a little far off) for medium term targets of Rs 650 and Rs 725...
Also considering the weak market situation, you may want to buy lesser quantity than usual for any 'buy' indications...
Happy trading !
CA Rajiv D Khatlawala
Head of Research & Training
JHAVERI Securities Ltd.
No comments:
Post a Comment