Time to get in

With Hedge funds running for cover, the following stocks have come under my radar for shortterm/long term investment..



Indian Hotels ( CMP:124.5)
Perched o nits support, this stock has seen a gap at around 135 levels which has to be covered in the short term. After 135 is attained, this stock would face resistance at 147-150 levels..Stop loss ia 120.



Cipla ( CMP:183.5)
On of my favourite stocks these days because of the relatively less Beta values, this scrip spooked me this friday when it went down to hit 176. 175 is probably the last support for this stock. And this stock has bounced admirably well form this position. Cipla has an unusually high FII data and it may be because of hedge fund pullout that this scrip went to test the support.But, the positive thing for friday for this stock is the presence of a bullish hammer which suggests a key reversal pattern. A test of 200 is on the cards.If this level is pierced through, we may see that the scrip may bounce back to its previous high of 240 - 260 levels if it can sail above 200 comfortably.

Signing off from my end

People should learn to love animals...
They are so tasty...