Stock Pick's .... 07/05/08

The Sensex opened 49 points lower at 17,441. Some buying in opening trades saw the index spurt to a high of 17,502. The index, however, could not hold gains and soon slipped back into the negative zone.

Unabated selling in the market saw the index tumble to a low of 17,238 - down 264 points from the day's high. The Sensex recovered partially and finally ended with a loss of 118 points at 17,373.

The market breadth was fairly negative - out of 2,753 stocks traded, 1,711 declined, 975 advanced and 67 were unchanged today.

The NSE Nifty shed 48 points to end at 5,145.

Buy ITC ( @ CMP - 224.90 )

Target 1 -- 231
Target 2 -- 238
Target 3 -- 245 +
Stoploss -- 218

Stock Tracker ( Delivery Pick's )

Idea Cellular -- Target -- 125 + ( Medium Term hold )
PowerGrid -- Target -- 135 + ( Medium Term hold )

Sector Watch -- FMCG

Colgate Palmolive -- Target -- 500 +

Stock Watch -- Engineering

Dredging Corporation -- Target -- 1000 +

Stock Watch -- Misc Pick's

Prime Focus -- Target -- 1250 +

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