Jan 20, 2011

SBI, LT and Petronet LNG





'Neo' - For your attention. 

SBI - For the time being you can avoid. Just keep it on watchlist. Fundamentally banking sector is weak at the moment. May be around 2300 levels, you can take a view on this again.

LT - It is my favorite also. Unfortunately in spite of good quarterly numbers, investors are not so much in favor. On volume profile basis, it has broken all major supports and next support is at 1630 to 1650 levels. May be short term, some upside can be seen from this levels..For long term investment, you can consider creating position from 1620 to 1630 levels gradually.

Petronet LNG
This stock should qualify for Darvas pick.....in spite of downtrend in all other counters, it is standing out showing investors interest. Either you can wait for short term price correction to pick around 125 to 128 or you can go long at current prices with stop loss at 125.

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