Nifty View :
The budget showed positive results for the markets, it usually acts as a pivot point for long term investors to act upon.
Although the budget had positive results in hand , we still have long positions held in Nifty Stocks with a target of 5036.
Resistance is seen at 5052 , if Broken Nifty can test previous highs , 5100 - 5200 and above .
We are not too optimistic about the breakout towards the previous highs, Nifty might touch 5036 and move downwards towards 4700 and below. Do not keep too many long positions open after nifty touches 5036.
Below are the delivery's which can be bought .
Equity/Delivery Stock Picks
Buy Cambridge Solutions with targets Rs.90 and above , SL at Rs.81
Buy United Spirits with a target of Rs.1700 (A few months)
Buy Carol Info Above Rs.60
Intraday Stocks for the 3rd March 2010.
Buy Sterlite Bio (Intraday)
Buy Punjab National Bank (Intraday)
Buy Marico (Intraday)
Buy Cairn (Intraday & Delivery )
Buy J&K Bank
Buy Elecon With a target of Rs.82 and Above.. book major profits at Rs.82 .
Buy Emco
Buy Gujarat NRE Coke .
Buy RnRl above Rs.64.20
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