Jul 14, 2008

Weekly Pick's .... 14/07/08

The Sensex opened with a negative gap of 110 points at 13,360 on the back of continued weakness in technology stocks. Fresh buying in energy and metal stocks helped the index rebound into the positive zone and touch a high of 13,559.

The index, however, could not hold gains as a fresh round of selling in technology stocks pulled down the index to a low of 13,270 - down 289 points from the day's high. The Sensex finally ended with a loss of 139 points at 13,331.

The BSE IT index plunged 6% to 3,676.

The market breadth was negative - out of 2,649 stocks traded, 1,579 declined, 1,007 advanced and 63 were unchanged today.

The NSE Nifty ended with a marginal loss of nine points at 4040.

Buy IFCI ( CMP @ 37.65 )

Target 1 -- 41
Target 2 -- 44
Target 3 -- 48 +
Stoploss -- 32.50

Buy GMR Infra ( CMP @ 87.65 )

Target 1 -- 94
Target 2 -- 101
Target 3 -- 110 +
Stoploss -- 81

Buy Fame India ( CMP @ 43.10 )

Target 1 -- 48
Target 2 -- 52
Target 3 -- 58 +
Stoploss -- 38.50

Stock Watch - ( High Risk High Return )

Buy Jai Corp
Buy Dolat Investments
Buy Reliance Industrial Infrastructure ltd
Buy Anus labs

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