Date 23rd Dec 2010 Powered by Bazaaredge.com
Market Outlook
The market has traded sideways with a positive bias and will continue to trade in a sideways mode. The crucial support on the downside for the Nifty is at 5950 and resistance 6050-6125.
Intraday Calls
Buy Godrej CP cmp 370 stoploss 348 target 359
Buy Birlacorp cmp 363 stoploss 349 target 379
Buy Hindpetro cmp 417 stoploss 411 target 428
Positional Calls
Buy Kavveri Tel cmp 114 stoploss 111 target 120
Buy Raincommodities cmp 184 stoploss 179 target 193
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 Shiriram Transport FUT cmp 769 stoploss 751 target 793
Buy ONGC FUT cmp 1305 stoploss 1299 target 1324
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