Dec 1, 2007

Delivery Pick's ... 01/12/07

Markets saw a strong buying on the last day of the weekly trading session. Midcaps will outperform the frontline stocks in coming weeks.

The Sensex opened with a positive gap of 133 points at 19,136. Volatility in early trades saw the index pare gains and drop to a low of 19,007. The index, thereafter, moved up as the day progressed. The Sensex rallied to a high of 19,425 - up 422 points from the previous close - before finishing with a smart gain of 360 points at 19,363.The market breadth was fairly positive - out of 2,860 stocks traded, 1,747 advanced, 1,050 declined and 63 were unchanged today.

Buy Gujarat State Petronet Ltd (CMP @ 73.10 )

Target 1 -- 79.50

Target 2 -- 84.75
Target 3 -- 90 +
Stoploss -- 68.50

Buy Hexaware Tech ( CMP @ 77.30 )

Target 1 -- 85
Target 2 -- 91
Target 3 -- 95 +
Stoploss - 72.50

Note : Good investment bet for investors with long term view. The counter is trading at year low so the risk factor of price sliding below 70 is very minimal & basically the company is very strong in terms of fundamentals.

Buy Essel Propack ( CMP @ 57.55 )

Target 1 -- 61
Target 2 -- 65
Target 3 -- 70 +

Buy Maruti Suzuki ( CMP @ 1012.65 )

Target 1 -- 1065
Target 2 -- 1100
Target 3 -- 1145 +

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