Weekly News letter and Stocks to Watch out for.

>> Sunday, May 3, 2009

This week ended flat. Not much gain was seen. It witnessed high volatility.
We had many holidays in the last week so missed some upside which we could have got due to good global cues.
Concerns that the outbreak of the Swine flu would result in a global pandemic and slow down the economic recovery process.
Another cause of worry was Election. Results will come out on 16th of May a of now.
It is said that Swine Flu would affect the FII sentiments and their activity.

Sectors to watch out for -

  • IT.
  • Pharma
  • Banking
  • Telecom.
Stocks to watch out for -

IDFC (76.45) - Targets of 82 and 85. SL of 69

LNT ( 879) - Targets of 905 and 920. SL of 855

HDIL (146.80) Targets of 155 and 159. SL of 139

Wipro (330.50) - Targets of 340 and 348. SL of 315

NIFTY Weekly Technicals.