Stock tips (Indian markets) for the upcoming few weeks
In my opinion, we are likely to see a pullback in Indian equity indices in the coming week following weak gloabl cues. US jobs data has fueled a lot of speculation that rising unemployment might lead to a slower than expected recovery. Another important thing to watch out for is the upcoming earnings season.
My advise for the next few weeks is as follows:
| Stock | Price at which to buy | Stop-loss | Price at which to sell |
| DLF Ltd | 415 | 350 | 445 |
| ICICI Bank | 835 | 700 | 925 |
| Reliance Industries | 2100 | 1750 | 2250 |
| Tata Steel | 480 | 400 | 525 |
| Infosys | 2200 | 1900 | 2400 |
| Reliance Communications | 290 | 260 | 315 |
All prices are in Indian Rupees.
Remarks
1) I have placed the stop-losses such that they are meant to cut extreme losses. It is highly unlikely that any of the stop losses will be hit.
2) Some of the prices mentioned are below the current market prices. Enter when prices fall to desirable levels.
3) Trade at your own risk. I am not responsible for either your profit or your loss.
Disclaimer: It is safe to assume that I have/will have positions in the stocks mentioned.