Wednesday, May 13, 2009

Intraday Trading Calls for 13th May

Stock Market India may open positive but remains very volatile throughout the day today.

Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

GIPCL

(517300)

Buy Above

67.50

71.40

75.00

Sell Below

65.60

62.35

58.00

PETRONET LNG

(532522)

Buy Above

57.25

60.10

63.00

Sell Below

56.10

54.20

51.00

BGR ENERGY

(532930)

Buy Above

193.25

199.40

205.00

Sell Below

189.70

185.25

180.00

NUCLEUS SOFT

(531209)

Buy Above

72.75

77.15

81.00

Sell Below

70.40

67.35

64.00

TATA ELXSI

(500408)

Buy Above

122.80

127.25

132.00

Sell Below

120.10

116.35

111.00

ADLABS

(532399)

Buy Above

245.60

252.65

260.00

Sell Below

242.35

236.45

230.00

EKC

(532684)

Buy Above

140.60

145.10

150.00

Sell Below

138.40

134.20

129.00

Buy FSL (532809) CMP Rs. 16/- Short Term Target Rs. 25/-.

GOOD LUCK

Corporate News

Combined debt of Reliance Industries and its subsidiary Reliance Petroleum will be brought down to around Rs570bn from Rs720bn at present. (BS)

Reliance Industries, IOC and Essar Oil are amongst the six companies that have expressed interest in taking on lease the LNG terminal at Dabhol. (FE)

Tata Steel will raise Rs30bn through non-convertible debentures to prepay the debt of its UK subsidiary, Tata Steel UK. (BS)

DLF has raised the shareholding it had put up for sale from 100mn shares or 6% to 168mn shares or nearly 10% to raise Rs38.5bn from QIBs, including FIIs. (BS)

DoT has appointed independent auditors to look into the accounts of Bharti Airtel, Idea Cellular, Vodafone Essar and Tata Teleservices to check whether they had paid lower licence fees to the Government. (BL)

Cairn India has said that crude oil production from Rajasthan field may be delayed if its partner, ONGC, which has a 30% stake in it, withdraws from the project. (BL)

Bajaj Auto has announced the launch of new 2009 Pulsar 150 DTS-I and 180 DTS-i bikes in Andhra Pradesh. (BL)

Japan's Kawasaki Heavy Industries will introduce a high-powered motorcycle in the Indian market with the help of its Indian partner, Bajaj Auto. (BS)

IOC, HPCL and BPCL are likely to get Rs103bn worth of bonds this week. (FE)

Maruti to set up R&D unit to develop its own cars from scratch, in India. (ET)

The Supreme Court issued notice to Reliance Communications on a petition by MTNL alleging that the private mobile services provider had tampered with the process of deciphering the point of origin of a call. (BS)

Power Grid has tied-up with Netherlands based KEMA to lay the transmission system in Middle East. (FE)

Pantaloon Retail got its shareholders' nod to raise Rs3.7bn from sale of equity and linked warrants to promoters and select investors. (BS)

Nalco has resumed full-fledged operations at its Panchpatmali mines. (BS)

TDSAT has rejected petitions by BSNL challenging abolition of the access deficit charge by the telecom regulator. (BL)

Indiabulls Real Estate plans to build residential projects over 9.8mn sq ft in the current fiscal year. (BS)

KEC International has bagged an order worth Rs1.1bn for power transmission related work. (FE)

TIL Ltd has pruned its investment plan in the proposed greenfield project in West Bengal. (BL)

AB Nuvo has decided to create a holding company for its financial services business. (ET)

Source: Indiainfoline.com

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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