Date 27th Dec 2010 Powered by Bazaaredge.com
Market Outlook
Market is expected to consolidate in a range of 5850,6150. Market can be expected to be volatile in as expiry of derivative contracts is due next Thursday. Nifty is having resistance at 6065 while the major support is there at 5915 levels. Volumes may continue to remain low as foreign fund manager will on year end vacation. Public sector oil marketing companies could be in focus as the (Egom) is likely to propose marginal hike in diesel prices.
IT, Metals & Capital Goods may attract buying alongwith FMCG.
Intraday Calls
Buy Bharti cmp 348 stoploss 341 target 359
Buy Sunpharma cmp 473 stoploss 452 target 497
Buy INGvysya cmp 373 stoploss 362 target 390
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Positional Calls
Buy Ajmera cmp 203 stoploss 195 target 215
Buy HCL Infosys cmp 114 stoploss 109 target 118
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Technical Fundamental Calls
Hero Honda In the last meet Hero group board approves new licensing pact with Honda which says Hero group to acquire 26% stake from Honda- All existing products to continue
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Investment Picks
Recently, TPRO secured new orders of Rs22bn from power sector customers, which increased backlog to Rs39bn.
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Future & Options Strategy
Buy ABGshipyard FUT cmp 411 stoploss 402 target 424
Buy Tulip FUT cmp 177 stoploss 173 target 184
Buy Bajaj Holding FUT cmp 866 stoploss 846 target 901
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