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Friday, November 23, 2007
Weekly positional calls
While the Sensex staged a smart recovery on Friday, for the week it closed down 4.3% or 845 points. The Nifty fell by 5% or 298 points to close at 5609. A lot will again depend on global cues in the coming week. To add to the volatility, we have the F&O expiry.
Short-term traders will continue to be the worst hit if wild swings take place. Long-term players can take solace in the fact that any correction gives them an opportunity to get some heavyweights at relatively lower prices. Besides stocks like Reliance, sectors to watch out for would be power and banking.
Buy RPL
Buy HPCL
Buy NTPC
Buy R Com
Buy Bajaj Auto