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Tulip Telecom Ltd hits another buyer freeze in the opening trade. I have mentioned time and again why this scrip would now be hitting continuous upper freezes.
Onmobile Golbal Ltd recommended some days back back. The following was the call: 'Buy Onmobile Global Ltd at Rs.42.30, T--Rs.47, SL--Rs.39. The Charts are looking excellent'--the scrip touched Rs.49.50 and is now trading at Rs.49. Congratulations to those who could make some money.
Reliance Communications Ltd recommended around Rs.57--57.50, today touched Rs.74. I expressed my surprise when Mr.Sudarshan Sukhani, was giving repeated sell calls in a Business Channel. I even mentioned that, when when he gave a sell call when Reliance Communications Ltd was at Rs.69, stating that the charts were not looking good. But today it touched Rs.74. That is why blind following TV-Chartists, could be potentially hazardous.
Now what is my view of Nifty today? Any guess? I have already sent the mid-morning report to the clients.
Two of my recommended counters, Pantaloon Retail Ltd and V2 Retail Ltd tanks, after a sell was initiated in both the counters. The investors should shift their money from that sector to other sectors, as I feel the scrips could consolidate in the current ranges before moving up.
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