Jul 9, 2007

Stock Pick's ..... 09/07/07

Buy @ Cmp : Delivery Call ( Medium Term Call ) :

Buy RIIL ( @ Cmp )

Target 1 -- 495
Target 2 -- 515
Target 3 -- 530 +
Stoploss -- 469 ( Only for day traders )

Note : Riil is a Mukesh ambani group company and has wide presence in infrastructure development projects handled by the reliance group.

The stock has consolidated for a long time around 460/480 levels & the volumes have picked up since last month & is about to give breakout.

Long term target for the stock is 700 + in (8 to 12 months )

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