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Market Talk
Thursday, July 5, 2007
Century Text: Downward reaction up to 715 is a welcome entry point. Buy for the target of 737 with 700 as stop loss.
ICICI: Visible break out seen in the charts. Now entry only if closes above 995 for 2 days continuously. Otherwise reaction is possible up to 960 levels. Hence be on the sideline.
IVRCL: The stock almost touched the target of 410.Now reaction expected up to 360 levels. Book profits and exit to enter at lower levels.
Maruti: Bullish chart formation. Buy at open for the target of 810.
SRF: Buy above 180, target 188. Remember our repeated request to hold on till we advise to exit, stock bought at 165 levels. Hold on.
Satyam: Ready to explode anytime. Buy the stock with 460 as stop loss. Once 475 levels are taken off we can see the stock to 490. You can also buy 470 calls at Rs.18/- to Rs.20/-and exit at Rs.30 to Rs.35/-
Wipro: Just start accumulating the stock now. The downside risk seen is only 10%. But the stock can give you a return of 30% in next 3 months. Start buying in small quantities daily to see good returns. The worst should be over at 505 levels. Break of 505 levels will invite selling up to 475 levels. Future has started trading in premium for the first time. Hence our short-term call will be 525 & 550 in a month.
Market Talk.
HCC Long Term Taget seen @ 250
I-flex meeting on open offer on 06.07.2007
Glaxo considering buy back offer.
DLF an open at Issue price of below Issue price is an oppurunity to buy for the long term target of Rs 1200
Unitech to shine more in the coming months. Accumulate on declines.
Wipro - Rumours of Bonus.
Rel Energy Positional Target of 710.
Investment Account - Buy Pix transmission and NEPC.
It would be a Kotak v Enam battle. When two elephants fight the grass beneath them always gets destroyed.
Unity Imnfra, Subhash Projects and Walchandnagar Inds are being bought as 12-month winners.
ICSA is a power software maker. Its got poor corporate governance but great numbers. They are AP based and you know the track record of these AP Promoters. Take a view on ICSA for 1 year.
Funds aren`t buying any more of housing and constrcution shares. They want those who don`t mix cement with water and produce a stone whose price is dependent upon speclative markets for real estate. These Funds are shifting their monies into those infra companies that make roads and dams and water management and power-related projects. These infra businesses aren`t dependent upon "market prices". They depend upon the GOI and State Governments that want roads and what not. ..Take a fresh view on this. This is a serious shift OUT of those making apartments and malls and commercial office blocks.
This Section include reciommendations and market voice of various brokerage houses. Please verify the levels before initiating any trade.