Todays Picks

if Sensex 17499 is broken we may see another bout of selling and may see NIFTY touching 4500 levels again. Trade with cash with delivery in mind to make sure shot gains if one can hold for one year.

we can expect another one of those soon. so be careful for a few weeks

market fell in the afternoon but these shares rocked right??

Recap: IDFC gave a profit of Rs 11/-, SAIl gave a profit of rs 5.4/-, IFCI gave a profit of Rs 5/-, nagarjuna fertilisers gave a profit of rs 4.3/- and TTML gave a profit of Rs 4/- for every share traded as per recommendation.

Buy ICICI bank>1160.5,1200,1240 sl 1155
Buy Balrampur Chini>74.5,80 sl 69.9
Buy RCOM>624.1,654,686 sl 619

Market has to hold above Sensex 17500 to show that it can move ahead. Nifty 4900 on lower side an 5100 on upper side needs to be crossed with volume to show real direction.

:-) :-) :-)

Recap: ICICI bank gave a profit of Rs117/, Balrampur Chini gave a profit of Rs 21/- and RCOM gave a profit of Rs 51/- for every share traded as per reconmmendation.

Buy RCOM>667.1,685,700 sl 656
Buy Ispat Industries>45.75,47.70,49 sl 43.8
Buy GMR Infrastructure>198.1,200,206,218 sl 193.8
Buy ICICI BANK>1278.1,1300, 1313 SL 1269

RBI likely to cut rate and thus Banking and infrastructure stocks/realty stocks are likely to do well in view ease of availability of credit at low rate of interest. Nifty will shoot if maintains above 5300.