Petronet LNG looks good....

Another buy call be for Petronet LNG. On the charts its been making higher lows and higher highs from the past 3 days - which shows strength for the stock.

On the RSI chart, the RSI line has moved from the oversold level to close to 50 level.

On the ADX charts the DI+ has crossed over the DI- line which shows buying strength for the stock.

Disclosure: I hold this stock in my portfolio.

CADILA HEALTHCARE on the move!

Cadila Healthcare is moving up very smartly. Defying all the down-trend in the market the stock hasn't broken down much.

The ADX line is at 21.89, the DI+ (buyers) is showing a strong uptrend, and the DI- (sellers) is weakining - which is a good sign.

The RSI chart is showing strength as well.

On the MACD charts, the MACD line has just crossed above the MACD Signal line - which depicts n upmove.

The stock can be bought and heold for short term.


Disclosure: This stock is in my personal portfolio.

BAJAJ AUTO a buy in the short term

BAJAJ AUTO is a buy in the short term. Its showing strength as its moved and closed above its 20 Day EMA.
On the RSI Charts its made a turn from the oversold levels and moving up.

BuyMaruti at current levels

Maruti is a buy at current levels of 1455.

On MACD charts the MACD line has shown a crossover the MACD Signal line.

On the RSI charts its recovered from the oversold levels.

NIFTY's new range

The Nifty could test the 5300-5320 range on the up side, while on the down side it could find support at 5160 and 5200.

Bullish on Mid-caps banks.. BUY

In the short term, mid-cap banking stocks good. These stocks have the capability to move much higher in coming two months.
Fundamentally UCO Bank, Bank of Rajasthan, Dena bank are very strong. They can be bought at current levels of Rs 55, Rs 76, Rs 83 respectively and can move substantially upwards.

Interest rate hikes in bank loans are not going to take place before June 2010.

Disclosure: I have holdings in UCO Bank, Dena Bank