Apr 30, 2008

Delivery Pick's ... 30/04/08

Following yesterday's significant rally, the Sensex opened with a positive gap of 101 points at 17,479. However, the index could not much higher as profit taking in financial stocks forced the index slip into the negative zone.

The index slipped to a low of 17,244 - down 237 points from the day's high of 17,481. The Sensex finally ended with a loss of 91 points at 17,287.

The market breadth was marginally negative - out of 2,768 stocks traded, 1,407 declined and 1,292 advanced today.

The NSE Nifty slipped 30 points to close at 5,166.

Buy NTPC @ ( CMP 196.75 )

Target 1 -- 201
Target 2 -- 207.50
Target 3 -- 214 +
Stoploss -- 189

Buy Unitech @ ( CMP 310.40 )

Target 1 -- 320
Target 2 -- 332
Target 3 -- 345 +
Stoploss -- 298

Keep a watch on :

Jindal Steel & power ltd -- target -- 2800 + ( Medium term )
3i Infotech ltd -- target -- 175 + ( Medium term )
ITC -- target -- 235 + ( short to medium term )
Idea Cellular -- 130 + ( Medium term )

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