KS oil turned bullish
The following companies turned bullish on intermediate term.
KS Oil - Target Rs.56
GVK Power and Infrastructure Ltd - Target Rs.27. Remember both are in my virtual portfolio.
SUN TV declined yesterday because of the profit booking. I reiterate my Buy call on this counter. This company formed many bullish chart patterns. One among them are Megaphone bottom. After forming this pattern, normally stocks struck in a range ( With small decline from the recent highs) for a short period of time. Then the stock would go up atleast 20 percent. If you already having Sun TV don't sell now, you can add also.
Most of the interest rate sensitive sectors like banks, reality, automobiles and infrastructure started going up because of the expectations of RBI may reduce key rates on Saturday. Buy on rumors and Sell on the news.
KS Oil - Target Rs.56
GVK Power and Infrastructure Ltd - Target Rs.27. Remember both are in my virtual portfolio.
SUN TV declined yesterday because of the profit booking. I reiterate my Buy call on this counter. This company formed many bullish chart patterns. One among them are Megaphone bottom. After forming this pattern, normally stocks struck in a range ( With small decline from the recent highs) for a short period of time. Then the stock would go up atleast 20 percent. If you already having Sun TV don't sell now, you can add also.
Most of the interest rate sensitive sectors like banks, reality, automobiles and infrastructure started going up because of the expectations of RBI may reduce key rates on Saturday. Buy on rumors and Sell on the news.
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