Jan 7, 2008

Delivery Pick's ... 08/01/08

The Sensex opened with a negative gap of 50 points at 20,637, and dropped to a low of 20,438 points in early trades.

The index bounced strongly on buying in heavyweights like ICICI Bank, Reliance and ITC, and hit a high of 20,862 in noon deals - an intra-day swing of over 400 points.

The Sensex finally closed with a gain of 126 points (0.61%) at 20,813.The BSE Bankex gained over 2% ( 287 points) at 12,192.

The BSE Realty and FMCG indices also moved up today.The market breadth was marginally bullish - out of 2,926 scrips traded, 1,573 logged gains today.

Buy Mahindra Ugine Steel Comp ltd ( CMP @ 108 )

Target 1 -- 115
Target 2 -- 125
Target 3 -- 140 +

Buy Sirpur Paper Mills ( CMP @ 137 )

Target 1 -- 148
Target 2 -- 155
Target 3 -- 170 +

Buy Tata Consultancy Services ( CMP @ 976.15 )
Target 1 -- 990
Target 2 -- 1020
Target 3 -- 1050 +

Buy Disa India Ltd ( CMP @ 1951 )

Target 1 -- 2075
Target 2 -- 2125
Target 3 -- 2250 +

Buy GMR Infra ( CMP @ 248.85 )

Target 1 -- 260
Target 2 -- 270
Target 3 -- 285 +

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