indian stocks- 07/07/07
DISCLAIMER: These are my personal musings;; Not to be treated as trading advise
7th JULY 2007
Market has closed near an important psychological level of 15000;; Looks to be strong;
Review:
Larsen has moved up from 1900 levels to 2300 since my last post and still going strong
Financial Technologies-- moved from 2200/ to 2800/- levels;; An IT stock not dependent on US dollars for its profits;; Commodity exchanges blooming in India will help this stock grow
TV 18-- Cheered its shareholders with a 1:1 Bonus
Divis Labs - Partail profits can be booked;; run up a lot;; will be available at lower levels
Zee Tele (ZEEL) has given a fresh breakout on Friday 6th July 2007 with volumes;; may go to its previous high in the short term before it faces its resistance
BEML has also given a fresh breakout on Friday 6th July 2007 on monthly and weekly charts;; May go a long way since it is in the infrastructure sector too. It previous highs are farther away.
Many Analysts are recommending NELCO a TATA company;; Showing strength on Charts;; A perfect text book example of MACD divergence seen on the charts; can be accumulated around 100 levels;; A turnaround candidate
NELCO is part of The TATA group, is a leader in system integration and product management for industrial controls, power, electronics, defence electronics, VSAT networks and automation.
Nelco specializes in the areas of security and surveillance for Defence and Civil applications, Traction, Electronics for Locomotives, Turnkey projects involving SCADA (Supervisory Control and Data Acquisition System); AC and DC drives; Real time and Embedded software and Network Management System with VSAT based networks. The Company caters to some of the core industries like Defence, Railways, Steel, Cement, Automobile, Oil and Gas, Paper, Ceramics and Services.
JET Airways is not moving as expected;; They are going to start flights to New york from India from August 2007;; Lets see whether this will provide the trigger;; A good airline stock in a nascent industry/sector
thats it for now
happy investing
7th JULY 2007
Market has closed near an important psychological level of 15000;; Looks to be strong;
Review:
Larsen has moved up from 1900 levels to 2300 since my last post and still going strong
Financial Technologies-- moved from 2200/ to 2800/- levels;; An IT stock not dependent on US dollars for its profits;; Commodity exchanges blooming in India will help this stock grow
TV 18-- Cheered its shareholders with a 1:1 Bonus
Divis Labs - Partail profits can be booked;; run up a lot;; will be available at lower levels
Zee Tele (ZEEL) has given a fresh breakout on Friday 6th July 2007 with volumes;; may go to its previous high in the short term before it faces its resistance
BEML has also given a fresh breakout on Friday 6th July 2007 on monthly and weekly charts;; May go a long way since it is in the infrastructure sector too. It previous highs are farther away.
Many Analysts are recommending NELCO a TATA company;; Showing strength on Charts;; A perfect text book example of MACD divergence seen on the charts; can be accumulated around 100 levels;; A turnaround candidate
NELCO is part of The TATA group, is a leader in system integration and product management for industrial controls, power, electronics, defence electronics, VSAT networks and automation.
Nelco specializes in the areas of security and surveillance for Defence and Civil applications, Traction, Electronics for Locomotives, Turnkey projects involving SCADA (Supervisory Control and Data Acquisition System); AC and DC drives; Real time and Embedded software and Network Management System with VSAT based networks. The Company caters to some of the core industries like Defence, Railways, Steel, Cement, Automobile, Oil and Gas, Paper, Ceramics and Services.
JET Airways is not moving as expected;; They are going to start flights to New york from India from August 2007;; Lets see whether this will provide the trigger;; A good airline stock in a nascent industry/sector
thats it for now
happy investing
posted by chandra @ 11:39 AM
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