Monday, May 21, 2007

Delivery Pick

Buy KPIT Cummins @ Rs. 141/-
It is a very strong fundamental company.
There is contineous growth in Sales, Net Profit & EPS.
Last Year Net Profit Rs. 27 Crore and This Year Net Profit Rs. 46 Crore (Approx)
70% YOY growth in net profit.
Last couple of days there was very huge volumes seen with breakout above Rs. 140/-
Buy it for short term target of Rs. 165/-.
Posted by at

Market Outlook & Intraday Calls for 21st May

Nifty has immediate resistance at 4238-4245 and then at 4282-4313. On the downside, Nifty has support at 4202-4187 and further below at 4158. Our advise would be to play on the long side of the market with a stop at the mentioned levels as an upward breakout seems imminent.

Intraday Traders watch out for

Prithvi Info @ Rs. 315/- Target Rs. 330-335/- Stop Rs. 310/-
Rolta India @ Rs. 465/- Target Rs. 475-480/- Stop Rs. 458/-
Inox Leisure @ Rs. 135/- Target Rs. 140-144/- Stop Rs. 132/-
JK Lakshmi @ Rs. 124/- Target Rs. 128-130/- Stop Rs. 121/-

Keep watch on KPIT, BATA, Paradyne Info & JBF industries for today and for delivery Also.

Cheers.
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