Monday, September 1, 2008

Short Terms...........!


Voltas Ltd Chance

Buy CMP: 124.70

Tgt: 129-132


The daily candlestick chart of Voltas shows a bullish candle. After a vertical decline
from Rs.147, it has once again taken support around Rs.118-119. High risk traders
can buy in declines around Rs.122 with a strict stop loss below Rs.119 in close for a
pullback to Rs.129-132 in the coming 7-8 days. A breach of Rs.118 can see it drifting
to Rs.114.


* Trade in cash and in small quantities.

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Parsvnath Dev Chance

Buy CMP: 120.05

Tgt: 125-128


The daily candlestick chart of Parsvnath shows a bullish candle on high volumes. It
has closed above Rs.120 for the first time in the last 5-6 sessions. High risk traders
can buy Parsvnath in declines with a strict stop loss above Rs.115.20 in close
for a pullback to Rs.125-128-132 in the coming 7-8 trading sessions.
* Trade in cash and in small quantities.

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