Buy only on a move above 2237 with a stop loss
below 2210 for an intra-day target of 2275.
Buy only on a move above 822 with a stop loss
below 814 for an intra-day target of 837.
The Nifty gained 159 points over the day to close at 5144. The
markets witnessed one of its best days of rallying yesterday in
the last few months. The upmove was with excellent momentum,
volume activity, breadth and not to forget that India was the only
big mover in the region. Without a doubt the rally comes as a
surprise as the technical studies were on the negative side.
However the mentioned support level of 4930/16600 has worked
* RCOM : plans to scale up its wireless and enterprise business with an invt
of over Rs63bn, under a plan internally branded as 'Edge 2010'
* MARUTI : co expects its sales for current financial year to rise 20%
* HANUNG TOYS : bags an export order to sell home furnishings worth $60mn
* MCLEOD RUSSELL : signs a deal with UK firm to acquire six tea estates in
Uganda, with a capacity of 15mn Kg a year, for $30mn ?
Buy only on a move above 268 with a stop loss
below 264 for an intra-day target of 274.
Buy only on a move above 510 with a stop loss
below 505 for an intra-day target of 517 and 522.
Buy only in the region 57-58 with a stop loss
below 55 for a short-term target of 63 and 67.
* ECONOMY : PM's economic advisory council Chmn says if price declines do not
happen in Dec, then RBI cud reduce money supply & raise interest rates
* RIL : Len Blavatnik, part owner of Lyondell Basell, says RIL's initial bid too
low & not factoring in turnaround gains.. separately Registrar of Cos may
carry out a technical inspection after SEBI rpt on share purch by its grp cos
TOP PICKS OF THE DAY
RELIANCE: (closing 1095)
Remain above 1040 buying opportunity for the target of 1130 1140. Below 1040 may touch 1000.
SBI: (closing 2335)
Closing above 2320 is important its near term targets will be 2400 2450. Major support level for the stock will be 2280 below that may touch 2220 2190.
ICICIBANK: (closing 879)
If you are our regular visitor then you must remember, we are continuously saying that no fresh buy below 920, below that may touch 870 850, we hope that you followed