Thursday, June 7, 2007

Intraday Calls for 07th June

Nifty: Strong supports are 4150, 4140 and Resistance are 4220, 4230
Sensex: Strong Supports are 14150, 14110 and Resistance are 14300, 14320

Today Market will take support (4150-4140 and 141450-14100) after weak opening and may bouce back from oversold zone. Smart Recovery expected in second half.

Buy Sail @ decline below Rs. 130/- Target Rs. 135/- SL Rs. 128/-
Buy Helios & Matheson @ Rs. 172-175/- Target Rs. 180-185/- SL Rs. 170/-
Buy Mphasis BFL @ Rs. 310/- Target Rs. 320-325/- SL Rs. 305/-
Buy Cranes Software @ Rs. 120/- Target Rs. 125/- SL Rs. 117/-
Buy KPIT Cummins @ Rs. 141-143/- Target Rs. 145-148/- SL Rs. 138/-
Buy Cinemax @ below Rs. 160/- Target Rs. 165-168/- SL Rs. 155/-

Others are: Reliance Ind (1687), NTPC (155), SesaGoa (1645), Suzlon (1310), BILT (115), ISMT Ltd. (95) Ispat Ind (15).

All buys are on decline as market will opens weak and corrects more at firts half, Recovers later.

News:

• Suzlon Energy's subsidiary signs contract with Edison Mission Group of Irvine, California
• Alstom bags contract worth Rs 255 crore
• Voltas' FII shareholding reaches 29.96% of paid-up capital
• Indiabulls Real Estate's subsidiaries receive approval from Department of Commerce
• Sunil Hitech Engineers bags Rs 15.24- crore order
• Cyber Media (India) net profit dips 74.22% in the March 2007 quarter
• BASF India net profit dips 26.31% in the March 2007 quarter
• Netlink Solutions (India) net profit dips 73.08% in the March 2007 quarter
• NESCO net profit rises 364.18% in the March 2007 quarter
• Cyber Media India recommends dividend

Good Luck.
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