Today's market calls

BEST BUYS
SCRIP RECOM. RATE TARGET 1 TARGET 2 STOP LOSS
BUY CROMPTON GREAVES ABV 300 320 335 292
BUY BHEL ABV 2180 2280 2370 2163
BUY YES BANK ABV 232 245 260 227
BUY JAGRAN ABV 107 117 125 104 9:41 AM

BEST SELLS
SCRIP RECOM. RATE TARGET 1 TARGET 2 STOP LOSS
SELL JP ASSOCIATE BELOW 279 260 245 285
SELL ITC BELOW 201 196 193 204
SELL UNITED PHOS BELOW 318 300 290 325
SELL IVRCL INFRA BELOW 416 400 390 423 9:41 AM
News:
L&T secures Rs 311 crore order for 66/11 kV substation works in Qatar From Qatar General Electricity and Water Corporation.
BHEL has bagged an order worth Rs 200 crore from ONGC for supplying oil field equipment.
IFCI said that their current CAR stands at over 18% and that their net owned funds are positive. And they dont need any equity infusion as of now. Mr. Rai said they are not looking for investment till there is clarity on the capital structure
Punj Lloyd received a $400 million (Rs1,119.2 crore) project from Marina Bay Sands Pte Ltd, Singapore.
Orchid Chemicals has received USFDA nod for Granisetron generic formulation. 9:44 AM
Stock for Investment: BHEL.HDFC Bk, ITC, Ranbaxy, Zee News 9:44 AM
Markets are likely to remain volatile today after yesterday tremendous pull back rally, though the index has managed to close above the 5100 mark, pull back to that level again cannot be ruled out before the final rally, however the target of 5380 still remains intact which could be reached soon,,,,,,,,,,,,,, 9:53 AM
Nicholas Piramal India Ltd (NPIL) has informed BSE that February 22, 2008 has been fixed as the Record Date for the purpose of determining entitlement of equity shareholders of NPIL to receive equity shares of NPIL Research & Development Ltd (NRDL), pursuant to the Scheme, in the ratio of 1:10 i.e. 1 (one) equity share of Rs 10 of NRDL credited as fully paid up to be allotted for every 10 (ten) equity shares of Rs 2 each held in NPIL as on the said Record Date. 9:54 AM
support comes in at 5180-5130-5090 and resistance comes in at 5240-5290-5312-5338 9:54 AM
BUY NIFTY FUTURE TGT 5185 SL 5120 10:05 AM

expect the markets to remain volatile,,,,,,,,,,,,, buy on dips since the worse seems to be over ,,,,,,,,,,,,,, a rally to higher levels will be through soon,,,,,,,,,,,,,,,,,,,,,,, 10:20 AM
buy AIRDECCAN, PUNJLLOYD, TRIVENI, JPASSOCIATES, RPL ON DIPS,,,,,,,,,,,,,,,,,,,,,,, NO STOPLOSS FROM CURRENT LEVELS,,,,,,,,,,,,,,,,,, 10:23 AM
BUY NAGFER (NAGARJUNA FERTILIZER) CMP 50.5 Target 53.5 and 54.8 StopLoss 48.1 10:23 AM

Inflation at 4.07 % Vs Last week's 4.11% Expected 4.16% 1:20 PM
Buy Suzlon FUT@ 330, TGT 335/338, SL 326/ 1:20 PM
Buy Petronet Fut 74 TGT 76 SL 72 1:20 PM
BUY BANK OF INDIA 376 SL 368 TRGT 388 1:20 PM
Buy Reliance Capital Futures @ 2015 SL - 1986 TGT - 2077 1:21 PM
BUY (JP ASSOCIATES) CMP 283.5 Target 293 and 297 StopLoss 278.1 1:22 PM
BUY IFCI CMP 65.25 Target 68.5 and 70.5 StopLoss 63.1 2:02 PM

STRONG RESISTANCE AT 5285 2:16 PM
BUY L&T FUT AT 3520 SL 3495 TRGT 3540-3550++ 2:17 PM
NIFTY AT STRIKING DISTANCE OF FIRST TARGET 5330 2:38 PM
Buy M&M around 611 stop below 607 2:44 PM

Reliance Capital Target achieved for the day................ 2:56 PM