Tuesday, June 10, 2008

Short Term..........!

BRFL Chance Buy CMP: 337.35 Tgt: 348-350

The daily candlestick chart of BRFL shows a vertical decline from Rs.417 to Rs.321.It is taking support around Rs.322. High risk traders can buy in smallquantities preferably in declines around Rs.332-333 with a strict stop lossbelow Rs.322 in close for a pullback to Rs.348-350 in the next 5-6 tradingsessions which if sustained Rs.358 in the coming 2-3 weeks.* It’s an anticipatory call Avoid gap openings and trade in cash.
========================================================ACC Buy in Dips CMP: 616.40 Tgt: 648-655

The daily candlestick chart of ACC shows a decline from Rs.855 to Rs.590. Thedownward risk is limited for anticipatory pullback. High risk traders can buy insmall quantities in declines around Rs.605-608 with a strict stop loss belowRs.588 (preferably in close) for a pullback to Rs.648-655 in the next 5-6trading sessions which if sustained on volumes can test Rs.672 in the next 2-3 weeks.

* It’s an anticipatory call Avoid gap openings and trade in cash.

* ST - short term, MT- medium term

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