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Mudit Goyal
technical analyst, SMC GlobalDate : 13 Sep 12 | 10:00 AM |
| Mudit Goyal has logged out at 13-Sep-2012 10:03:44 am |
| Mudit Goyal has logged out at 13-Sep-2012 10:05:23 am |
| Mudit Goyal has logged out at 13-Sep-2012 10:08:02 am |
| Smartinvestor : Hi, this is Puneet Wadhwa and we have Mudit Goyal, technical analyst, SMC Global backw with us for the Chart Check in morning deals today |
| Smartinvestor : Good Morning, Mudit and welcome back |
| Mudit Goyal : Good Morning, Puneet |
| Smartinvestor : The markets have started on a flattish note today after the Sensex regained the 18,000 levels on trade on Wednesday. Do you think we can sustain here? |
| Mudit Goyal : Nifty is continuously moving in a stiff range of 5220-5450 from past few sessions. So 5450 would act as key hurdle for the nifty, once we get the closing above the same then only this rally can continue for the upside of 5600 level. |
| Smartinvestor : Can you suggest a few stocks from the Nifty pack that one can BUY at the current levels? |
| Mudit Goyal : Long: Tatamotors for the target of 290-300, LT for the target of 1530-1580, Wipro for the target of 415-430 and Bajaj-Auto for the upside target of 1810-1850 for near term. |
| Smartinvestor : How should one play the banking space ahead of the RBI's Monetary Policy review on Monday? |
| Mudit Goyal : As per charts, Bank Nifty can be consider as key driver for the markets so one can make only long position in banking stocks at current levels. |
| Smartinvestor : Can you suggest a few banking stocks then, and their respective target levels? |
| Mudit Goyal : Long: Canara Bank for the target of 360-380, IDBI for the target of 95-100, ICICI Bank for the target of 1020-1050 and HDFC Bank for 660-700 for near term |
| Smartinvestor : What about frontline stocks like ONGC and RIL? |
| Mudit Goyal : At Current Juncture, both stock ONGC and Reliance are looking very attractive on charts one can consider buy for the upside target of 300-310 for ONGC and 860-890 for Reliance. |
| Smartinvestor : Thanks, Mudit for your time and advice. Please give us your disclosures (if any) |
| Mudit Goyal : We may or may not have position in the above stocks discussed. |
| Mudit Goyal : Thanks, Puneet |
| Mudit Goyal has logged out at 13-Sep-2012 10:30:00 am |
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