Market forcast : RNRL High Risk High return

By CROW -
Market Forecast :

Market is likely to test the levels of Sensex 10000 provided Nifty 2850 level is held. This is a pull back rally and thus unless Sensex moves above the level 10600 a bull run can be considered. One can say that the bear market is not over and thus more importance should be laid on stop loss. This market will be in bear grip atleast till the next month in new year. Corporate results are not likely to show a rosy picture as slowdown is a reality but only favourable aspect is that long-term story of India is intact and showing positive direction

Tip for Dec 12th 2008

Buy Reliance >1261.1,1297,1306,1354 sl 1248.8

Buy RNRL>55.1,57.9,61 sl 50.9 ( High risk High return stock)

Buy Adlabs>182.1,185,187.25,193 sl 178.8

Buy Punj Llyod.157.1,160,162,168 sl 155.5

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