Thursday, June 10, 2010

DLF . . on good grounds !

The Nifty gained impressively after remaining sideways in intial hours. I am sure after one-two hicups, my intraday trading participants caught the rally ... Watch 5120 tomorrow...

One stock which was the erstwhile favorite but out of favour recently is DLF . . It seems that like RCom and Idea, it has also taken support at its previous lows near to Rs 254/-.



Currently quoting at Rs 262, I expect that a break above Rs 266 should lead us to Rs 284 initially and then to 300/- (if markets sustain).

Keep a stop near to Rs. 258 /-

Incidentally there are quite a few stocks which are turning positive (side counters) which may go up irrespective of market moves ... We shall take them up in next few days.

Happy Trading !

CA Rajiv D Khatlawala
www.investogyan.com

2 comments:

uttam poojara said...

dear sir,

i am fan of your analysis.your call of dlf,mtnl,idea and sugar stocks all are rocking.great resserch sir.

Unknown said...

Thanks a lot for the encouraging words... (Not many people have thank analysts!) (Ha)