Dec 23, 2007

Delivery Pick's ... 24/12/07

The markets witnessed a healthy correction last week mainly on account of sustained selling by the foreign institutional investors. The overseas investors net sold stock worth Rs 4,641 crore in the first three trading days of the week, as per data available on the Sebi website.

The Nifty plunged to an intra-week low of 5,677, down 363 points from the weekly high of 6,040, on account of unabated selling. It eventually ended with a loss of 4.7 per cent (281 points) at 5,767. The low of 5,677 was nearly R3 (resistance 3) on the quarterly charts. The index may pull back up to 5,900-6,000 provided it holds last week’s low. In case the index dips below 5,677, it may slip to 5550.

With BJP & Narendra Modi Clean Sweeping gujarat Many business houses are set to benefit from it Like Reliance,Nirma & Adani.

Stocks which will be in action for next couple of days are :

Mundra port & SEZ
Nirma
Adani Enterprises
Reliance Industries
GIPCL
GSPL
GIPL
GMDC

Some Delivery calls :


Buy Asain Electronics ( CMP @ 470.70 )

Target 1 -- 495
Target 2 -- 525
Target 3 -- 550 +

Buy Mahindra Lifespaces ( CMP @ 767 )

Target 1 -- 810
Target 2 -- 835
Target 3 -- 875 +

Note : The stock is a long term Mulitbagger with a 1 year price target of 1100 +

Buy Tide Water Oil Co (I) Ltd ( CMP @ 4117 )

Target 1 -- 4300
Target 2 -- 4700
Target 3 -- 5100 +

Note : Buy In Small Quantity On declines & High Risk High Return

Buy MRF ( CMP @ 6905 )

Target 1 -- 7200
Target 2 -- 7500
Target 3 -- 7900 +

Note : Buy In Small Quantity On declines & High Risk High Return

Buy GTC Ind ( CMP @ 692 )

Target 1 -- 710
Target 2 -- 730
Target 3 -- 750 +

Buy Binani Cement ( CMP @ 110.30 )

Target 1 -- 120
Target 2 -- 127
Target 3 -- 135 +

Note : Stock to watch in coming weeks Long term price target -- 200 +

Buy Balaji Telefilms ltd ( CMP @ 339 )

Target 1 -- 350
Target 2 -- 375
Target 3 -- 400 +

Note : Stock Pick for the year 2008 Long term target of 575 +

Buy Gateway Distriparks ltd ( CMP @ 140 )

Target 1 -- 149.50
Target 2 -- 155
Target 3 -- 162 +

Tech Stock will see action as the result season is round the corner stocks like Wipro & Tech mahindra will attract buying.


Stock to Invest ( 8 to 12 months ):

Mahindra & Mahindra Finance -- Target -- 450 +
Nalco -- Target -- 650 +
IDBI -- Target -- 225 +
Ivrcl Infrastructure -- 600 +
Jindal Stainless Steel -- Target -- 350 +

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