Thursday, December 27, 2007

Trading Picks for 27 Dec 07

My yesterday's recommendation of Kalindee Rail Nirman flared up 20% and was locked on upper circuit. I am expecting another 10-15% jump today. If it comes through, it might be prudent to take the gains off the table. If you are getting 30% returns in 2 days, you need to take some money.

Look at buying Essar Oil today. It closed at 301 yesterday. Short term target is close to 390-400. Also, with Reliance moving up yesterday, a position in Bongaigaon Refinery may not be a bad idea today.

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