Market Call 29 October 2007

Hello Everyone

Hope we all have a great trading week.

For all those who are holding Bhusan Steel there is bad news. An Internal assessesment by UNDP and Orissa Government has found out deaths of 200 workers and injuries to more than 500 in the last three years at their Thelkoloi plant. (Courtsey Indian Express 28-10-2007)

The report has also mentioned that the workers are at great risk and working environment inside the factory premises being hostile. The paper also reported that some workers saying about people buried at the same spot where they died.

This report will soon be submitted to the revenue department which will formalize its policy on industrial safety and security.

Meanwhile the ED of Bhusan Steel has dismissed the report calling it completly vague and baseless. He admitted there have been casualities but the numbers are at a much lower 19 to 20 cases.

Let us all wait and see how this situation develops, may be ashorting opportunity if the stock opens up tommorow.


All the intraday and ST calls given on 23 are spot on or on the way to hit them.


Intraday Calls

Buy - Ultratec Cement - Tgt 1034 - sl 1002 (Can be taken for ST as well with Tgt of 1120 sl 978)

Buy - Bajaj Auto - Tgt 2526 - 2540 - 2558 sl 2490 (Can be taken for ST as well with Tgt of 2680 sl 2450)

Buy - Hanung Toys - Tgt 194 sl 182. keep a sl of 174 for a ST Tgt of 200 Plus

Buy Zee News - Tgt 61.8 - 62.45 sl 59.7

Buy Binani Cem - Tgt 122 - sl 116.4

ST Calls

Buy Air Deccan - Tgt 168 - 174 Strict sl at 142

Buy Gateway Distripacks - Tgt 160 - 164 sl 127

Buy Era Construction - Tgt 610-612 sl 576

Buy Everest Kanto Cylinders - Tgt 245-248 sl 224

Buy Maruti - Tgt 1240-1255 sl 1140


Reiterate Buy on DISH TV at CMP

Market Calls 23/10/2007

Hello All

Nice to be back where all the thrill happens (and is happening). Hope we all have a great trading days ahead.

After the 800 point rally in sensex and 300 point rally in nifty, what is in store for us today. Well one thing is sure .....WE WANT TO MAKE MONEY...... but one thing is sure...we are going to see some volatile trades so guys be safe (what am i talking about ....be safe!!!!! and what are you doing. speculation!!!!!!! ). With the expiry 1 day away expect lot of rollovers with good volatility. My advice minimze yor trades and maximize your profits.

Ok now back to the subject of making money.

Buy Nifty at around with a sl of 5450 for a tgt of 5500 by this thursday. November series will be volatile with the all important day for traders (muhurat trading scheduled for the 8th) I expect the rally to continue till the 7th.

Stocks to watch out today for intraday trades

Suzlon - Tgt 1840 - 1875 sl 1720

India Bulls - Tgt 562 - 568 sl 538

Gujarat Alkalies - Tgt 156 - 158 sl 148

Lupin Labs - Tgt 615 - 618 sl 586

Orbit Corp - Tgt 605 - 608 sl 580

Time Technoplast - Tgt 618-622 - sl 586

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Short term Calls (2 weeks - 2 months)

Buy Inox Lesiue - CMP 114 - Tgt 123-128 sl 108

Buy Dish TV - CMP 65 - Tgt 74-78 sl 62

Buy Binani Cement (Earlier call given at 66) CMp 103 - Tgt 120 and Above sl 92

Buy Akruti Nirman - Tgt 1045 and above sl 945

Buy Kesoram ndustries - Tgt 610 sl 576