Friday, December 7, 2007

The market has given up most of its earlier gains. The Sensex is currently trading at 19,893, up 97 points from the previous close. Nifty is at 5965, up 10 points. Banking stocks are in demand, with the BSE Bankex up almost 1%. Other sectoral indices are witnessing slight selling pressure.

DCB looks strong on the charts, says Anu Jain, technical advisor, on CNBC Awaaz. Once it crosses its earlier high of Rs 160, it can go up to Rs 187, she says. So if you hold the stock, then stay invested.

Syndicate Bank looks good on the charts and has a target price of Rs 145, says Anu Jain, technical advisor, on CNBC Awaaz. In fact, it can be accumulated at Rs 104, she adds. The stock certainly has more headroom and should be added on dips, she says. the stock is currently trading at Rs 116.50 on the BSE.

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