Happy New Year to all of you.
With year end comes a chance to have a look on yearly and quaterly charts.
I got an opportunity to study charts of few stocks and have drawn targets for the same, time frame being 2-3 months.
Following are the targets for the respective stocks:
MRPL - tgt Rs 55/60
Ispat - tgt Rs 22/25
IFCI - tgt 40/42
IOB - tgt 95/98
LIC housing - tgt 300/310
L&T - tgt 1080/1130
MTNL - tgt 130/140
ONGC - tgt 830/870
Sail - tgt 120/140
Triveni Engg - tgt 70/75
Dish tv - tgt 40/45
Hindustan Zinc - tgt 450
Nifty looks in a corrective mode and my tgt for the same is 3450 to 3500 where one can short nifty with stop of 3650
For RCOM, weekly close above 265 will target 350/375
Similarly for Reliance Petro, close above 98 will target 120/140
Have a safe and happy trading year!!!
Watch out this space for more targets.
Note: Trading in futures is risky
Regards
Hitesh B
