Experts' Stock Tips for this week

On Reliance Industries:

Keep Rs 950 stoploss in Reliance Industries, says Technical Analyst, Ashwani Gujral. Gujral told CNBC-TV18, "Reliance is range bound. Whenever the markets get bad this tends to go below Rs 1000, so that’s a good time to enter. Keep Rs 950 as a stop and keep modest targets of Rs 1080, incase the markets become to bullish may be Rs 1140. So broadly Rs 980 on the downside and may be Rs 1140 on the upside that’s the range for Reliance."

On DLF:

Exit DLF at Rs 340-345, advices Ashwani Gujral. Gujral told CNBC-TV18, "DLF has hit a longer term support of about Rs 250. In this pull back if markets continue to move higher may be levels of Rs 340-345 are good levels to exit because real estate and real estate stocks are two different things. Real estate stocks are not moving because of balance sheet issues and all those other things because people assume that if real estate is going up, real estate stocks should go up." He further added, "Real estate has been in bear market much before the Nifty started falling. So this is probably the weakest sector."

On Mahindra and Mahindra:

Above Rs 600 Mahindra and Mahindra (M&M) can test Rs 720, says Gujral.

Gujral told CNBC-TV18, "Broadly Mahindra and Mahindra is in a range of about Rs 480 to Rs 600. But whenever the stock gets past Rs 600 it could get up to levels of Rs 720 also."

He further added, "I think the good thing about this trade is that the stoploss is pretty close by Rs 480-490 that was the level it hit in the recent correction, so keep that as a stop. Once we can get past Rs 600 then may be another Rs 120 may be on the table."


Share to win

http://www.sharetowin.blogspot.com