It is quite clear that we are headed towards the support of 7458 and 7150, but the end of the bearish rally must lie between the two supports as per the technicals.
The intra-day traders may go short with stop loss at 7603 and book profit at around 7510.
The short term traders may ride their shorts with a possible target of 7458.
The mid term investors may consider buying Coal India at 315.75, HDFC Bank at 943.25, LIC Housing Finance at 375.05, Lupin at 1698.20 and Goldman Sachs Nifty Exchange traded scheme at 736.40.
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.
The intra-day traders may go short with stop loss at 7603 and book profit at around 7510.
The short term traders may ride their shorts with a possible target of 7458.
The mid term investors may consider buying Coal India at 315.75, HDFC Bank at 943.25, LIC Housing Finance at 375.05, Lupin at 1698.20 and Goldman Sachs Nifty Exchange traded scheme at 736.40.
They may also consider investing through SIP in Birla Sunlife Top 100 (G) and SBI Blue Chip Fund (G).
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.
In the upstream segment, it will invest up to Rs20,000-25,000 crore. The refining segment will see investments of Rs35,000-40,000 crore to reach a refining capacity of 1 million barrels per day in the next four to five years. The balance will go in investments in marketing and city gas distribution. It also have plans to go abroad and not just for marketing lubricants, particularly neighboring countries like Nepal, Bangladesh and some African nations.
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