Thursday, October 4, 2007

No Jai - No Viru 0nly DHIRU !!!

Nifty (5211) Sup 5141 Res 5294

Sell Zee (347) SL 352
Target 339, 337

Sell Sun TV (329) SL 334
Target 321, 319

Buy Maruti (1019) SL 1007
Target 1043, 1048

Buy Colgate (418) SL 414
Target 424, 427

Buy Praj Inds (239) SL 235
Target 246, 249

New Listing:
Shares of Kaveri Seed Company Ltd. will get listed on the bourses today. The IPO of Kaveri Seed closed for subscription on Sept. 11 and received applications for 4.5 times the size of the issue. The company issued shares at a price of Rs170 per share of Rs10 each.

Volatility to continue
After coming close to the 18k mark, the benchmark BSE Sensex turned extremely choppy, as investors locked in some gains amid concerns about high valuations. The benchmark BSE index swung by over 650 points intra-day and recovered nearly 600 points from the days low. Resl Estate, IT, Oil & Gas, Power and Capital Goods shares did particularly well. Pharma stocks ended in the red. The Sensex closed at 17,847, up 518 points or 2.9%. The NSE Nifty ended at 5,210 adding 142 points.

Trade Safe.....
AS R- Factor flying high...
No Jai - No Viru 0nly DHIRU !!!

Kalpesh Patel

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