Jul 5, 2008

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

The Sensex opened 33 points higher at 13,127. Nervousness in the early trades saw the index slip into red to a low of 13,028. The index, thereafter, rebounded into the positive zone and moved higher on the back of sustained buying in realty and capital goods stocks.

Buy Infosys ( @ CMP - 1755.40 )

Target 1 -- 1795
Target 2 -- 1850
Target 3 -- 1925+
Stoploss -- 1710


Note : Investors Can Hold Infosys for 6 to 8 months with target of 2500+

Buy Reliance Inds ( @ CMP - 2097.90)

Target 1 -- 2165
Target 2 -- 2250
Target 3 -- 2320+
Stoploss -- 2050


Note : Investors Can Hold RIL for 6 to 8 months with target of 2700+

Buy Tata Steel ( @ CMP - 640.40)

Target 1 -- 655
Target 2 -- 680
Target 3 -- 710+
Stoploss -- 620

Alternate Sectorial Pick -- Jindal Steel & Power -- Target -- 2000 +

Buy RCOM ( @ CMP - 436.75 )

Target 1 -- 465
Target 2 -- 490
Target 3 -- 520+
Stoploss -- 410

Note : Investors Can Hold RCOM for 6 to 8 months with target of 750+

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