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Sunday 27 October 2013

Which stocks to buy now - update

I wrote about stocks to buy for swing trading on October 14. Please read the original posts here - Which stocks to buy now.

Here is what I recommend since most of the stocks have hit first target and market is at cross roads with key events lined up next week.

1. Tata Steel - Bought at 293 and then at 303. Target 324 attained. Book profits. 
2  ICICI Bank - Bought above 1005, first target achieved 1040. Book partial profits and revise SL to cost.
3. Maruti - First target 1550 achieved. Hold with SL at cost.
4. L&T - All targets achieved. Bought above 900 and touched 3rd target 960.

Now it is better to wait for clear market direction based on the RBI policy announcement on Oct 29.



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