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
Positional Calls
Buy Ajmera cmp 203 stoploss 195 target 215
Buy HCL Infosys cmp 114 stoploss 109 target 118
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
Investment Picks
Recently, TPRO secured new orders of Rs22bn from power sector customers, which increased backlog to Rs39bn.
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
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.
You received this message because you are subscribed to the weekly newsletter. To unsubscribe send email to unsubscribe@bazaaredge.com
No comments:
Post a Comment