Thursday, December 22, 2011

Good Shares To Buy Now 22 December

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The Indian stock market opens for trade this morning on a negative note on the back of soft global cues. Today on dips short term traders can buy Nifty with a strict stop loss of 4600. The share market breadth is negative with advances at 155 against declines of 583 on the NSE. Weak market in line with rest of Asian mkts. Now for today, 4640 nf ( which was earlier low of market on falls this year and which was taken over by bears just 3 days back and yesterday once again bulls took control of that after big fight) will act as last hope support of bulls. On bounce 4690 nf first hurdle of bulls only breaking this range will set further moves from bulls or bears.

BEST STOCKS TO BUY NOW

Cairn India stock tips- BUY with a target of Rs 338 and a stop loss of Rs 314

Welspun Corp stock tips - BUY with a target of Rs 95 and a stop loss of Rs 79.50

ABG Shipyard stock tips- SELL with a target of Rs 382 and a stop loss of Rs 411.50

IDFC stock tips- SELL with a target of Rs 90 and a stop loss of Rs 102

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