Tuesday, September 16, 2008

Short Term........!

Essar Oil Risky Buy
CMP: 173.35
Tgt: 181-184


The daily candlestick chart of Essar Oil shows a bullish candle. It is getting support
around Rs.160. The oscillators are turning up from the oversold zone . One can buy in
declines around Rs.168-170 with a strict stop loss below Rs.162 in close for a pullback
up to Rs.181-184 in the coming 7-8 trading sessions. A breach of Rs.158 would negate
the pullback.
* Trade in cash and in small quantities.
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Dabur Ind Chance Buy
CMP: 88.80
Tgt: 92.80-95


The daily candlestick chart of Dabur shows a bullish candle. It is nearing the support
at Rs.85 which if holds can test Rs.92.80-95 in the coming 7-8 trading sessions. High
risk traders can buy in declines with a strict stop loss below Rs.85 in close.

* Trade in cash and in small quantities.

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