Ask Mint | On Investments

Ask Mint | On Investments
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First Published: Sun, Oct 18 2009. 09 36 PM IST
Updated: Sun, Oct 18 2009. 09 36 PM IST
I want to invest Rs10,000 for six months. Can you recommend some large- and mid-cap stocks that give good returns?
Sameer
Some good large-cap stocks right now are ACC Ltd, Bharat Heavy Electricals Ltd and Larsen and Toubro Ltd; good mid-cap stocks are Welspun Gujarat, Alstom Projects India Ltd, Syndicate Bank, etc.
I have open long position in Infosys Technologies Ltd created at Rs2,240. However, the current rate has come down sharply from my buying levels. What should I do?
Rohan
For Infosys Rs2,240 is the trigger price as the stock can move up in the short term once it crosses this level. Since your stop-loss has already gone, I would suggest you put a stop-loss at Rs2,142 and remain long presently.
You may put a target of Rs2,310. But please be informed this is not an intra-day strategy.
Answers are based on a technical analysis of the markets and individual stocks. The views expressed are not the newspaper’s opinion and are provided for information purposes by Vipul Verma. Readers are requested to do their own research before participating in the stock markets. Neither the paper nor the information provider will be responsible for any outcome based on information provided here.
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First Published: Sun, Oct 18 2009. 09 36 PM IST