Thursday, March 27, 2008

Market Whispers

KLG Systel qualifies a good buy at Rs.535 for short to medium term as share price has potential to cross Rs.600 mark soon.

Kernex Micro seems to have settled at Rs.140 levels and one could buy it with 6 months view, where share has potential to cross Rs.200 mark.
SAIL is viewed a good short to medium term bet at Rs.204 in view of good Q4 results expected from the company.

Essar Shipping have corrected sharply and now ruling at Rs.140 is viewed a good buy in view of merger of closely held companies of the group. On NAV basis, share value works out to Rs.400 by analysts. Good for medium term.

Axis Bank is recommended a good short term buy at Rs.800 for a Rs.50 gain.
Adani Enterprises is likely to witness informed buying and share may show a rise of about Rs.40 from its present levels of Rs.530.

Profit booking is advised in Pantaloon Retail and one may exit from the stock at Rs.425 levels as Q4 working is likely to be below market expectations, which may pull down price below Rs.400.

HUL is a good buy at the current rate of Rs.239 for short to medium term. One can accumulate this stock at every decline.

A well known broking house is recommending NTPC to its client at the current rate of Rs.197.

With Morgan Stanley predicting that the Indian rupee could reach a decade high of Rs.38.61 per dollar by June 30th 08'; FIIs are expected to pump in more money to take advantage of the currency arbitrage.

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.



free counter