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/-.

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.

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



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