Tuesday, August 7, 2007

Intraday Calls for 7th August

Nifty: Support 4300, 4260 & Resistance 4380, 4400.
Sensex: Support 14800, 14600 & Resistance 15000.

Market may bounce back. A gap up opening expected but high volatility contineous. Overall positive market today.

Buy Gujarat Alkali @ Rs. 139/- Target Rs. 145/- SL Rs. 136/-
Buy ITC @ Rs. 172/- Target Rs. 175-178/- SL Rs. 168/-
Buy M & M @ Rs. 680/- Target Rs. 692-700 SL Rs. 676/-
Buy Micro Technologies @ Rs. 255 Target Rs. 262+ SL Rs. 250/-
Buy PunjLlyod @ Rs. 278/- Targer Rs. 285/- SL Rs. 274/-
Buy Parsvanath Dev. @ Rs. 332/- Target Rs. 340- SL Rs. 328/-

Others: GMR Infra, Reliance, IndiaBulls, BOB, BOI, DCB, ShaktiPumps, LokHousing, Mindtree, Nelcast.

Good Luck.
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