Wednesday, December 17, 2008
Buy & Hold RCOM at 219.90, SL 199.90 tgt 224.90, 229.90 and plus
SUZLON: Our delivery call given at 39.90, trading now at 61 BOOK PROFIT
BOOK PROFIT
Keep profit booking at higher levels, stay light, sit on cash, huge profit booking seen.
Our BTST NTPC trading strong book profit at higher levels.
Delivery Call : FORTIS hold for 15days
FORTIS at Rs 66-68 SL 59.90
Target of Rs 77,88 and plus.
Hold for 15 days.
Pri Market Ideas...
Sell Sun TV SL 160
Target 151, 149
Buy NTPC SL 170
Target 182, 183
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Satyam Computer
A disaster seems to have been averted at Satyam Computer. The IT major has decided to drop the proposed acquisition of two promoter group companies - Maytas Properties and Maytas Infra, which is Satyam spelt in reverse. The reverse also has a reverse side and the Satyam management (involved in the deal) has taken heed of the screams of investors.
Pri Market Commentary ...
Today, the bulls may continue the recent run of good form for this all weekas well following the Federal Reserve's move to slash interest rates to near zero level. US shares ended sharply higher on the central bank's promise to do more in order to check the economic slump. The Dow gained 4.2% while the Nasdaq and the S&P 500 rallied well over 5%. European stocks too closed higher while Asian indices this morning too are on a strong wicket. Given the backdrop of a worldwide rally and resumption in FII inflows, we see the Indian market opening firm today. Having said that, Tuesday's advance came on lower volume and turnover. Buying from foreign funds was negligible while local institutions were marginal net sellers. The key indices could take a pause after rising sharply over the past few sessions.
It remains to be seen whether the current momentum can be sustained, as the bulls still lack conviction.
Pri Market Intraday Ideas..
Target 940, 945
Buy HDFC Bank SL 976
Target 1003, 1110
Buy ABB SL 435
Target 450, 452
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Nifty (3042) Sup 2975 Res 3105
Positive & Nagative Breakouts
National Alumin
ITC
Sun Pharma
Maruti Suzuki
Negative Breakouts
Dr Reddy'S Labs
Glaxosmithkline
Indian Oil
Sun TV
Colgate-Palmoliv
Tuesday, December 16, 2008
Sensex : 10005.84 173.45 || Nifty : 3049.65 68.45
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