Aug 1, 2008

Weekly Pick's .... 01/08/08

The Sensex plunged 323 points in early trade today on heavy selling by funds in line with weak global markets.

Moderate rise in inflation rates, which rose to 11.98 per cent for the week ended July 19, mainly dampened the trading sentiments of the Sensex, which had gained 564 points in the previous two trading sessions.

The index moved in a range of 646 points between 14,032 (low) and 14,667 (high) before finally settling with a gain of 301 points at 14,657.The Nifty ended with a gain of 81 points at 4414.

The market breadth was marginally positive - out of 2,732 stocks traded, 1,548 advanced, 1,110 declined and 74 were unchanged today.

Hot Stocks ...

Buy Renuka Sugar ( @ CMP - 133.75 )

The Stock saw good volumes & saw a significant breakout on the charts nearing to the all time high of 141

Target 1 - 138
Target 2 - 141
Target 3 - 145+
Stoploss - 126.50

Buy 3i Infotech ( @ CMP - 112.95 )

The Company delivered Results above market expectations & Volume got picked up which took the counter above the resistance level 105

Target 1 - 117.50
Target 2 - 121
Target 2 - 128+
Stoploss - 107.90

Stock Watch ... ( Monthly Hold )

Infosys Technologies -- 1800 +
Reliance Communication -- 540 +
Gujarat Mineral Development Corp -- 325 +
Mundra port & Sez Limited -- 650 +

Stock Watch ... ( High Risk high Return )

Buy Sandur Manganes & IronOres
Buy Aditya Birla Nuvo


Stocktrendz
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