|Posted on 22 October, 2015 at 11:45|
Hope you all had a good holiday yesterday and also global market did pretty well because of US data and ECB’s Draghi hints at more QE in December. As this is the good news for Equity asset class hence all the major indices went up significantly as there will be more liquidityo the come into the system. And this makes Euro weaker against the US dollar so people who have shorted EUR/ USD last week or earlier this week are at good profit as we too had also shorted EUR/USD last week. So that is about global and FX market.
Now comes to our Indian stock market we are positive that it will take these global cues and will open in green tomorrow we have nifty support @ 8190 and resistance @ 8290 and 8330 crossing that we can go upto 8400.
Stocks which i like people to buy, please understand these recommendations are not for intraday it is purely an investment ideas play in cash rather than in margin
Buy Cosmo films between 225 to 235 rs for the shorterm target of 275rs as it will try to break its 52 week high this week.
Buy Mahindra CIE between 250 to 265 rs for the target of 300 rs.
Buy Mangalam Drugs and Delta corp too as they had post a good earning result they both can fly tomorrow.
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Note: Please invest in cash market not in margin call or by borrowed money as we all know market has its own risk.