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Wednesday, April 22, 1998
Keep booking profits at higher levels
With the undercurrent on the bourses remaining bullish, the downward correction remained stifled. Contrary to conventional logic, market experts, too, are turning very bullish, and recommending buying even at current price levels. The scrips to focus on this week for bull operators are Reliance Industries at Rs 199, Castrol at Rs 710, HCL-Infosys at Rs 130 and Bausch & Lomb at Rs 100. Short selling, albeit very risky, could be considered by bear operators at the counters of HLL at Rs 1,675 and HDFC at Rs 3,475 and HDFC at Rs 3,475. With the political situation remaining fluid, continuous profit booking at higher levels is recommended. NSE forecast by Ashok Kumar Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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