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Sunday, May 4, 2008

Equity Markets On May 5 ,2008

STOCK LOOKING STRONG for MONDAY [May 05, 2008]
NTPC, IDFC, SRIEINTFIN, MUNDRA, IDEA, LT , REL

Nifty if broke 5170 then bearish trend.
Nifty
Buy Above 5237 sl5212 t 5262/5282
Sell Below 5208 sl 5233 t 5184/5160

INTRADAY CALLS FOR MAY5,2008

Ansalinfra
Buy Abv 187,Sl 185,Tgt 190/193
Sell below 184,Sl 186 TGT 181/178

CAIRN
Buy Above 252.5,Sl 249,Tgt 255/258
Sell Below 248.9,Sl 253,Tgt 245/242

Buy BAJAJ AUTO Above@738 Target752-766 to 801 SL718

Buy Dr.REDDY Above @637 Target643-648 to 662 SL621

RCOM
Buy Above566,Sl 563,Tgt 572/578
Sell Below 556,Sl 561,Tgt 551/546

HDIL

Buy Above 863,Sl 854,Tgt 871/878
Sell Below 847,Sl 858.50,Tgt 838/829

BUY DCHL ABOVE 154.5 TARGET 157.5 STOPLOSS 151


DELIVERY CALLS ON MAY 5,2008

Buy: Pyramid Saimira Theatre Ltd.CMP : Rs 316Target : Rs 380 and 420 Time : 3 months

Buy Indiabulls sec delivery 1 month tgt 200

Buy RPOWER 393-395 sl 385 Target 425 (TIME FRAME 5-7 DAYS)

Cairn India has a target price of Rs 300-350, it has resi. at Rs 253-270 and sup. at Rs 202-230,currently trading at Rs 246

Praj Industries has resistance at Rs 290..The company has a robust order book of Rs 900 crore.The stock is currently trading at Rs 210

Cadila Healthcare target price of Rs 381.

The realty space,the valuations of DLF and UNITECH look attractive for the long term


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