Long term Investors can BUY the following at current levels - though we are heading for some correction at this level
HCC - Hindustan Construction
HCC Long term charts are very good, fundamentally & technically strong company, If an Investor is not looking at short-term gyrations then Hindustan Construction could be a stock that would give you decent returns. If it were to cross Rs 170-174 range then it might even cross Rs 200 over the medium-term.
NTPC
If you look at the long-term charts, NTPC looks pretty good, you can still buy it at the current levels.
PFC
PFC was supposed to touch the technical target around Rs 245 or so and it went close to that and now it is on a correction mode - wait for it to consolidate and BUY & Accumulate in huge quantities
PTC
PTC requires more consolidation but for investments you may actually wait before you buy them right now
Rel. Energy
Reliance Energy is one stock in the power sector, which looks in a very strong uptrend and any correction in the stock is a great buying opportunity specially the level of Rs 1,065 would be a screaming buy
October 9, 2007
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