Our Recommendation of buying Oil companies gives huge profit

We had recommended a buy on oil and oil marketing companies in our post dated 26 June 2014 Thursday.

And just in two trading sessions these stocks have made a good gains.

We still are bullish on our recommendation, but one should start booking profits if it hits or target or their likely target and returns.

ONGC recommended at 412 on Thursday Hits a high of 425 on Monday

HPCL recommended at 398 on Thursday Hits a high of 419 on Monday(Gain of 5% in two trading session )

OIL India recommended at 565 on Thursday June 26 2014 hits 588 on Monday.

Is Sudden Fall in OIL and OIL Marketing Stocks a good opportunity to buy ?

Yes, Its not only good but an excellent opportunity to get into the oil and oil marketing stocks today as they have fallen due to delayed price hike in gas and other prices.

• Buy ONGC around 412 for short term positional call and target of 440
• Buy HPCL at 398 for the target of 421 as short term positional call
• Buy OIL India at 565 and hold for medium term of 3-6 months for the target of 750 plus.

The above can be taken as positional call and wait for a period to achieve the targets which these stocks will do in very short time frame.

Positional and Short Term Calls for this week Monday 19 Nov 2012

Today we have witnessed the upswing in the global market but our own share market could not mirror than and ended almost flat BSE closed at 18,340 up 30 points and NSE 5571 down 3 points.

But there has been lots of stock specific actions like Maruti was up 4% and closed around 1500 up almost 50% from the lows of Manesar Plant lock out. Bharti, ITC, HDIL were other major gainers. On the losing front IDFC, Lupin, ONGC were the major loosers on the broader market.

Upon looking at the todays market and upcoming events in the coming days we have shortlisted few stocks in which positions can be taken for short for profit of 5-7% in a week time with stop loss.

1. ONGC ( Cmp 254 ) -     Target of 265-270 with stop loss of 249
2. OIL India ( Cmp 457 ) -Target of 470-475  with stop loss of 449
3. Lanco Infra ( 12.65 )   - Target of 13.70-14.05 with stop loss of 12.30
4. SBI ( 2095 )                 - Target of 2170 stop loss 2070
5. SKS Micro ( 120 )       - Target of 128 with stop loss of 117

The above stocks should be traded with specified stop loss and if braoder market moves further high these stocks will see higher targets and then should be hold and traded with trailing stop loss.