Investment calls for next वीक October 05, 2007

Weekly Wrap keeps you abreast of the markets and arms you for the markets in the coming week।

Investment calls for next वीक October 05, 2007



Buy Century Textiles


Buy RCom


Buy Sintex Inds


Buy Siemens


Buy McDowell

Investment calls for next week......

It’s been another positive week for the bulls with bears making less than a special appearance. A new peak is something most market people are getting used to. But the coming week will have more than its share of volatility. IT’s the results season and the tech numbers, especially that of Infosys will be closely tracked on Oct 11. Profit booking and political developments may bring back the bears. A positive surprise from Infosys may boost the IT counters but that need not keep the markets upbeat for long. Stay extremely cautious and avoid allocating fresh funds till a healthy correction takes place.

Wish you happy trading next week...

By Kalpesh Patel

Power greed could ‘shock’ bears

Intra-day Stock Ideas
Nifty (5209) Sup 5142 Res 5293

Buy Alstom Projects (873) SL 866
Target 889, ८९३

Buy Tata Steel (865) SL858
Target 877, ८८१

Buy VSNL (451) SL 446
Target 460, ४६३

Sell ITC (185) SL 188
Target 179, १७६

Sell Hotel Leela (50) SL ५३
Target 45, 44

When you doubt your power, you give power to your doubt.

No doubt power stocks will be in action yet again, as Power Grid Corporation of India makes its debut on the bourses today. The mini-ratna PSU major attracted huge response during its IPO, which was heavily subscribed by all class of investors. The company has set an issue price of Rs52.

A premium of Rs30-40 is being talked about in the market.
wISH YOU

HAPPY TRADING
कल्पेश पटेल

भारत हमारा देश है !

बज्ज़र मे धन कमा ने के लियी हर रोज़ लोग करे ...

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

Forget reasons, book some profits

Nifty (5069) Sup 5015 Res 5141

Buy Unitech (317) SL 312
Target 326, 329

Buy Dr Reddy’s (658) SL 652
Target 670, 672

Buy ACC (1210) SL 1197
Target 1237, 1242

Sell BILT (137) SL 141
Target 130, 128

Sell Patni (460) SL 465
Target 451, 449

By Kalpesh Patel