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Friday 4 September 2015

Some medium to long term calls for those interested in the share market

Some medium to long term calls for those interested in the share market

The markets are likely to fall upto levels of 23000-24000 in near term
As there is no strength in the market
Volumes are very low
Volatility is very high
FIIs have taken out close to 18000 crores of money from the market
Earning growth has not picked up in the industry
Modi govt if not failed has dissapointed and very slow in reforms and their effect will only be visible from FY 2016-17

Considering all the above

Buy SBI below 200 for longterm tgt of 350 and 3 months tgt of 250

Buy Axis bank below 430 for longterm tgt of 650 and 3 months tgt of 520

Buy Astec lifesciences below 220 for long term tgt of 400 and 3 months tgt of 300

Buy L & T finance below 60 for long term tgt of 95 and 3 months tgt of 70

Buy IndusInd Bank below 800 for longterm tgt of 1070 and 3 months tgt of
920

All the best
Happy Investing

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