Wednesday, August 20, 2008

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

DLF Ltd Chance Buy 500 CA in dips CMP: 23.10

The daily candlestick chart of DLF shows a vertical decline Rs.576 to Rs.488. If it
fails to breach Rs.482-485 in close, we could witness a pullback. High risk traders
can buy preferably in declines around Rs.20-22 with a strict stop loss below Rs.15 in
close for a pullback to Rs.28-30 which if sustained then Rs.34 in the coming 3-4 days.
A breach of Rs.480 would negate the pullback.
* Trade in cash and in small quantities.


Omaxe Ltd Chance Buy CMP: 127.95 TGT: 135-138

The daily candlestick chart of Omaxe shows a bullish candle. Currently it is
oscillating in between Rs.114-144 and has retraced 61.8% of the recent rise. High
risk traders can buy preferably in declines around Rs.124-126 with a strict
stop loss below Rs.122 in close for a pullback to Rs.135-138 in the coming 7-8
trading sessions.


* Trade in cash and in small quantities.

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