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Nov 02, 2006, 07.22 PM IST
The markets ended higher on selective buying in index pivotals. The Sensex closed at 13,091.12 up 58.08 points or 0.5%. The Nifty gained 24 points to close at 3791. About 1188 shares have advanced, 1284 shares declined, and 73 shares are unchanged
Among the largecaps, I think ONGC could still pull on another Rs 25-30 odd up to Rs 860; that could be a nice one. ONGC is important for the Sensex; it hasnít really participated in the last 3-4 months, so itís good to see ONGC trading above Rs 800.
On Reliance :
Rs 1305-1310 is an immediate resistance, so we have to wait and watch, if we can cross that.
Gujarat Ambuja has been at Rs 115-120 for about two months now. ACC has traded at Rs 970-990 range for a about 1-1.5 months. So lots of positions have been built up.
On AIA Engineering :
AIA has really run up since May, I think itís a good time to book profits. But again, now any fall would warrant a buy.
On Siemens :
On L&T :
On GMR Infrastructure :
GMR Infrastructure is moving up smartly. Rs 344 was the first target, after that was Rs 370. So there is still some upside left, but no fresh buying at this point, probably just ride the current rally.
On Zee Telefilms :
Zee Telefilms also has been strong for a while. Though it didnít participate in the last 2-3 weeks, it has bounced back smartly. Rs 329 is the immediate target, if it can take that out, then itís headed towards Rs 355-375 levels.
On Bharti Airtel :
Bharti is still very strong and now that it has crossed Rs 540 and trading above that. You are seeing that even after a new high is taken out because the last May high for Bharti was around Rs 432, today we are at Rs 550 odd, thatís a significant move in a large cap stock.
Tags: ONGC:, Gujarat Ambuja , ACC, Siemen, L&T, GMR Infrastructure, On Zee Telefilms, On Bharti Airtel:
Action in ACC
May 24 2013, 16:42
- in Rupee
May 23 2013, 09:33
- in Technicals