Market Outlook 22 Oct 2008

NIFTY Levels for the day:

  • Buy only above 3290 SL 3260 Sell below 3260 SL 3290
  • Buy 3000 put from the earlier profits
  • Hero Honda short on rise SL 860

Investment Stocks:

As i said on friday now the time has come where we can start our portfolio building without waiting for the bottom but in a cautious way. For current time you can shift 30% cash to equity. Following stocks can be good investment idea’s:

  • Idea Cellular(CMP 54.00)->10% of current investment cash
  • Kaashyap Technology(CMP 0.77) ->10% of current investment cash
  • DCB(CMP 30) ->10% of current investment cash
  • Reliance Capital (Buy around 620 levels)-> 30% of current investment cash

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