Intraday & Short Term Calls 09/07/07

Hello All

Yes the sensex has touched 15000, so is the rally over. No not yet another 200/300 points in the sensex is highly possible.

Do you have to book profit - Yes and No - Book Profits in scrips that has given you superb returns in a very short span of time. They are bound to correct even if the sensex moves up.

You can hold on to stocks which has given you nominal returns and are moving up steadily rather than jumping up and down. These stocks basically build good foundations and move further. (well some stocks invariably stick on to their foundations!!!).

Intraday Calls 09/07/07

Sell - Vishal Retail - Tgt - 735 and below - sl 775 (Since it is a new listing , the actual target may far exceed the given target so it is advised to keep a trailing sl.

Sell - Kamat Hotel - Tgt 175 and below - sl 183

Sell - GMR Infra - Tgt 735 and below - sl 750

Sell - Educomp - Tgt 2105 and below - sl 2155

Buy Zee Entertainment - Tgt 315-318 - sl 306

Buy ABB - Tgt 1150 - sl 1120

Short Term Calls

Buy Unitech - Tgt 545-570 and above - sl 505 and then at 480(Major Support)

Buy DLF around 565/570 levels for a target of 600. sl at 538

Buy Advanta - Tgt 1000-(1040)if closing above will acheive new highs - sl 950 (crucial mid to long term support at 880)

Buy Biocon - Tgt 465-474-490 - sl 436

Stock Query - EntegraHold it with a sl of 20 - Resistance at 23 and 25 (a break out above 25 and 27 is needed to indicate further uptrend)

I dont hold any positions in any of the above stocks except unitech. But my clients may have,