The Nifty has shown the support around 5900 levels and give bounce back to 6300 levels.
I expect nifty to move further and make new all time high around 6400-6500 levels .
Strength will be provided by Oil and gas sector and Realty look much better at these valuation.
My pick for month will be
1. DLF for TGT of 390-400 as result will be out these week ,
we expect profit of 450 cr v/s 412 crs QoQ basis.
2. Reliance also look attractive at these Valuation discounting the revenue base and improvement in the cure price will make gross refinery margin attractive , near to year end curd can touch 100 $ level.
Gas discovery and other business make it best buy
RIL with TGT 1400 .
Regards
Dev Purohit
Hey Dev Too Good yaar.Really u r doing a gr8t job.Your Blog is simply superb.Continue ur good work & Boss do tell me some tips if u have confirm news about it.....LOl
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