PUNJ LLOYD (originally recommended at 325) is now around 460. It still has the capacity to double from present levels. Another stock which looks great over a 1 year horizon is GSFC. While its Cmp is 250, it 1 yr tgt is 1000.
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friends we have same chart patern that of april2003 to nov2003 at that time may be it was diff trigger for 8 months gain but here what we have is much more mad situation market is become so strong that every tom,dick,harry is gaining morning one who hire auto is returning home with schooter or small car but one should not forget that in north poll also sun sets and night is as long as day i did not mean to say sunset means all over,definatly fresh morning will come but what i mean to warn is not to get stuck in correction...lets come back to dec03 story after 8 months of strong gain market corrected for one month and then remained flat to down for 3 more month then tired short term player could not hold it longer and finaly in may03 had nice fall...lets come to our market now with our asian neighbours who is running much more faster pace can take u turn also as we all know when things r falling no one see the funda pe or earnings it will be like buy one get one free...
Lets talk about our charming nifty technical...its in overbought zone and it can remain there if things r going fine key level is 5650 spot and global factors then as shown in picture if market tuches 6060 and returns then macd will be making double top it will be batter if stay flat for some time.....this time i talked too much,,,yes last words under current is getting weak
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our rajesh bhai's pick siel ltd. is suspended from trading for restructure and merger with mawana sugar is relisting this week on 31st oct keep eye on listing day as there will not be any limit for upside or down side as well....do your homework
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