Date 22nd Dec 2010 Powered by Bazaaredge.com
Market Outlook
Nifty showed good strength and closed in green at 6000 levels wit decent columes. Bulls are having control in the short term. Momentum strength may be seen if nifty starts trading above 6010 levels. Crucial support on the downside for Nifty is 5900 and resistance at 5995-6050
Intraday Calls
Buy Yesbank cmp 299 stoploss 291 target 308
Buy M&M cmp 754 stoploss 747 target 764
Buy Glenmark cmp 358 stoploss 348 target 364
Positional Calls
Buy Zylog cmp 383 stoploss 360 target 410
Buy BFutilities cmp 724 stoploss 711 target 747
Buy TRF cmp 538 stoploss 524 target 566
Technical Fundamental Calls
Persistent Systems a leader in the fragmented offshore product development(OPD) space has grown 7x over FY04-09 with largely stable revenues even in FY10 when mid-tier It services peers saw a decline.
Investment Picks
Rallis
Future & Options Strategy
Buy Ranbaxy FUT cmp 559 stoploss 576 target 547
Buy Voltas FUT cmp 219 stoploss 216 target 224
Buy Mundraport FUT cmp 149 stoploss 145 target 154
Disclaimer : This report is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. BazaarEDGE Advisory Services Pvt Ltd. BazaarEDGE is not soliciting any action based upon it. This report is not for public distribution and has been furnished to you solely for your information and should not be reproduced or redistributed to any other person in any form. The report is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon such. BazaarEDGE or any of its affiliates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. BazaarEDGE or any of its affiliates or employees do not provide, at any time, any express or implied warranty of any kind, regarding any matter pertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. The recipients of this report should rely on their own investigations. BazaarEDGE and/or its affiliates and/or employees may have interests/ positions, financial or otherwise in the securities mentioned in this report.
No comments:
Post a Comment