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Equity calls: Kapoor, Bhamre
Published on Fri, Jul 25, 2008 at 08:48 , Updated at Fri, Jul 25, 2008 at 08:58
Source : moneycontrol.com
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Vibhav Kapoor, IL&FS: Some more correction is expected as the market had risen very sharply. The Nifty can go down to 4250-4300 levels and buying may resume at those levels. The pain may be over for the short-term but headwinds remain from a medium-term perspective. Inflation has been discounted by the market. Siddharth Bhamre, Angel Broking: Traders can buy 4400 Put Option to hedge long positions. I expect Nifty to be around 4300 level on expiry. Traders should get out of RIL. Aggressive traders can short RIL around 2400 levels. Book profit on all ADAG stocks except Rel Comm.
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