Aug 4, 2008

Weekly Pick's .... 04/08/08

The Sensex opened 62 points lower at 14,595 amid subdued cues from the global markets. The index rebounded and moved up to a high of 14,726 before slipping back into the negative zone to a low of 14,504 - down 222 points from the day's high.

The index gyrated between zones for most part of the trading day today and finally ended with a loss of 79 points at 14,578.

The market breadth was extremely positive - out of 2,719 stocks traded, 1,845 advanced, and 806 declined today.

The NSE Nifty moved in a range of 73 points before settling with a loss of 18 points at 4,395.

Buy RPL ( CMP @ 174.30 )

Target 1 - 178.50
Target 2 - 181
Target 3 - 184 +
Stolploss - 171

Buy Hindalco ( CMP @ 142.15 )

Target 1 - 147
Target 2 - 152
Target 3 - 160 +
Stoploss - 136

Stock Watch .... High Risk High Return

Titan
AIA Engineering

Midcap Radar ... Monthly Hold

IDBI
Gujarat Power & Ispat Limited
Torrent Power
Bag Films
Sail

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