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.

  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


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


    • 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

      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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