After the hammering of global market for the past two days a bounce back is expected. US market will watch for the job data to be released today and analyst are expecting improvement in jobless claim figure.
Coming back to our market we prefer going long on Orchid Chemical, Polaris Software and Rec Ltd . If Nifty is able to sustain above 4580 then Ranbaxy , Bio con Ltd and Natco Pharma may also see some action on upside. But this is a time when you should not too many positions . Nibble at one or two stocks with less volume and be quick to take porofit in time .
Thursday, September 3, 2009
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