25/03/2010
>> Wednesday, March 24, 2010
Global Market update 8.33am on 24/03/10 Dow down 0.5%, Nasdaq down 0.7%. On 25/03/10 SGX Nifty down 20.5 points.
Outlook for Today - Markets to open in the red following weak global cues. It could witness some volatility on account of derivatives expiry today
Intraday supp is at 5187 if breaks then next target and support is at 5152 from were a pull back is expected
Intraday resistance is placed at 5235-5245 above 5245 bias is positive.Auto and reality segment r negtaive, healthcare and oil and gas index positive
Buy APIL LTP Rs.606.50 stop loss Rs.585 target Rs.650
BUY INFOSYS 2750PA AT CMP ADD AT DIPS SL 2815 *(OR) BUY TATASTEEL 640PA AT CMP ADD AT DIPS SL 660 ON SPOT EXPIRY DAY TRADE IN SMALL QTY
Buy TCS at 834 .TGT Rate 845 TGT Date 26-Mar SL 828
Bijou Kurien, President & Chief Executive-Lifestyle, Reliance Retail - Reliance Retail will soon pilot the retail venture of Office Depot and open the first Hamleys toy store as the Mukesh Ambani-led retailer beefs up its portfolio and expansion plans.ET caught up with Reliance Retail’s president & chief executive-Lifestyle Bijou Kurien for an exclusive interview.
Buy HINDALCO at 172.65 TGT Rate 177 TGT Date 26-Mar SL 169
Buy SIEMENS at 750 TGT Rate 769 TGT Date 26-Mar SL 742
SIEMENS 759.40 BOOK PART PROFIT
HINDALCO 174 PL RAISE AND MAINTAIN STRICT STOPLOSS OF 172
Technical Picks - Buy L&T between Rs.1630 - 1615 Target Rs.1680 in 1-2 days. Stop Loss = Rs.1605 on closing basis
Buy GUJRAT FLOURO between Rs.140 - Rs.144 Target Rs.154 in 2 - 3 days. Stop Loss = Rs.138 on closing Basis
Book Profits in GUJRAT FLORO prior to target price of Rs.154 is achieved. Long Call Given on Mar 25, 2010 at Rs.143.50.
Stocks to watch: Bharti Airtel, NTPC, IOC, Tata Motors - Shares of Bharti Airtel will be in focus after Kuwaiti telecom firm Zain approved the sale of most of its African assets to India's top mobile firm for $ 10.7 billion.
Buy Tanla Solutions between Rs.47-49 Target of Rs.53 in 1-2 days. Stop Loss = Rs.46
Buy Exide Industries between Rs.116-112 Target Rs.123 in 1-2 days. Stop Loss = Rs.111
Book Profits in DIVIS LAB Prior Target price of Rs.705 is achieved. Long Call Given on Mar 23, 2010 at Rs.654.50
Buy PANTLOON RETAIL between Rs.395 and Rs.400 Target of Rs.425 in 2 - 3 days. Stop Loss = Rs.392
