Thursday, November 1, 2007

Intraday Calls for 01st November

Market is likely to open with gap up but remain volatile and I think that market will remain rangebound this month and can consolidate near 20000 for some time.
Buy for intraday:
Keep an eye on Oil Exploration Stocks as crude oil is trading higher around $96 and heading for $ 100. Shiv-vani oil, ONGC, Selan Exploration, Hind Oil, Dolphin Offshore, Aban Offshore etc.
My favt. stock is Selan Exploration (157) Short term target 250+
RCOM (772) Target 800 SL 766
Reliance Industries (2782) Target 2875 SL 2770
Mercator Line (120) Target 125-128 SL 118
Videocon Industries (370) Target 395 SL 365
GMR Infra (177) Target 185 SL 175
Prithvi Information (299) Target 315-325 SL 295
Sterlite Optical (314) Target 325 SL 310
NTPC Ltd. (240) Target 250 SL 235
Others: Petronet LNG, Nagarjuna Fet, Ispat Industries, IDEA, IDBI, CIPLA, Engineers India, Philips Carban Black.
Good Luck
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