Thursday, July 19, 2007

Intraday Calls for 19th July

Nifty Support 4490, 4450 and Resistance 4520.
Sensex Support 14200 and Resistance 14380.

Market should trade in a range with high volatility. Can see some correction and recovery also.

Buy BASF India @ Rs. 290/- Target Rs. 295-298/- SL Rs. 286/-
Buy Zee Entertainment @ Rs. 325/- Target Rs. 335/- SL Rs. 320/-
Buy GMR Infra @ Rs. 868/- Target Rs. 885-900/- SL Rs. 862/-
Buy Hindalco @ Rs. 184/- Target Rs. 190+ SL Rs. 182/- (Resistance around Rs. 193, Crossover Target Rs. 220+)
Buy Sail @ Rs. 154/- Target Rs. 158-160/- SL Rs. 152/-
Buy IDBI @ Rs. 115/- Target Rs. 118-120/- SL Rs. 112/-
Buy Amar Remedies @ Rs. 39/- Target Rs. 42-44/- SL Rs. 36/- (Short Term Target Rs. 50)
Buy KPIT @ Rs. 135/- Target Rs. 140/- SL Rs. 132/- (Short Term Target Rs. 155)

Others are: DLF, VSNL, IDEA, TTML, Kotak Bank, Cipla, Ranbaxy, Dhampur Sugar.

Pharma Sector can do well in coming months buy good stock available at dirt price like Cipla and Ranbaxy at every decline. Lupin also looks good for coming days.

Good Luck.

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