Home > Stock Ideas > Stock Watch – Idea,Wipro

Stock Watch – Idea,Wipro

Friday, July 24, 2009 Leave a comment Go to comments

IDEA CELLULAR has just come out with a decent set of results and the stock is looking great in picking upside momentum next week. 83-85 is aminor hurdle for the stock. It is very likely that the stock crosses that and reaches around 100. Below 75 the stock might lose momentum. A good bet in the short term.

Wipro looks another stock that looks decent in the medium term. 500+ might be possible if  market momentum continues.

Please be aware that these stocks can be extremely volatile. So pick them if you have the stomach for them.

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  1. Rajesh Aggarwal
    Wednesday, August 12, 2009 at 10:09 pm

    Dear Sir,

    If I have to invest in pharma sector which is better Strides Acrolabs or Ranbaxy. Kindly advise.

    • sagecapital
      Wednesday, August 12, 2009 at 10:13 pm

      I’d prefer Cipla, Cadila or Lupin in pharma space.
      For Ranbaxy 240-245 might be a good entry point with a tight stop loss.

  2. Gautam
    Friday, July 31, 2009 at 8:29 pm

    Hi,

    Is Idea stock still a buy? Can you please tell me where it can end by August end?

    Regards,
    Gautam

    • sagecapital
      Saturday, August 1, 2009 at 11:40 am

      The stock has not moved as expected(All telecom stocks have been sideways). I’d still hold it for a week with stop losses. If it doesn’t pick momentum in a week’s time, I’d let it go.

  3. srinjoy
    Friday, July 24, 2009 at 1:16 pm

    And just in case, have you been tracking Kotak mahindra ?
    Im entered at 680 and is not sure anymore now.

    • sagecapital
      Friday, July 24, 2009 at 1:22 pm

      Srinjoy,
      Kotak is stuck in a range and will pick up if it shows some momentum to go past 670-680, I’d hesitate to enter the stock. If you are already in, keep a stop between 610-620.
      Hope this helps!

  4. srinjoy
    Friday, July 24, 2009 at 1:13 pm

    Hi Sage

    I’ve been a mute spectator to your excellent blog but now i have to ask you something.

    Whats your take on Bharti Airtel ?

    I think its underperformed in the recent times and with excellent results i feel like getting in. But does these 420 levels seem a bit inflated to you ?(Rem it split 2:1 yest)

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