Free stock tips - 6th feb 2008
As predicted yesterday the market went into a tailspin following the path of global markets. Tomorrow the market may take a breather before preparing for another correction . Hence it would be wise enough to wait for a few more days to start investing in fundamentally good stocks as the market is yet to bottom out. Don’t get fooled by any rally. It would be better to offload some the shares you hold in case of a rally. Some of the sectors like steel, power, oil drilling look promising. Those who had followed yesterdays short term recommendations may square off some of the positions.
Yesterday’s short term recommendations –
| Scrip | Recommendations | Target | Remarks |
| Bajaj Hindustan | Sell @ 228 | 205 | Hold,reached intra day low of 211 |
| NTPC | Sell @ 223 | 208 | Hold,reached intra day low of 210 |
| Wipro | Sell @454 | 433 | Target acheived |
Today’s short term recommendations -
| Scrip | Recommendations | Target | Remarks |
| Nagarjuna Fert. | Sell @ 54 | 48 | -- |
| Deepak | Sell @ 146 | 134 | -- |
| Infosys | buy @ 1510 | 1576 | Stoploss of 1480 |
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