HOT PICKS - ISPAT,MUNDRA PORT, RAMA NEWSPRINT, HIND ORGANICS
Today, Nifty has support at 5,946 and resistance at 6,143 and BSE Sensex has support at 19,829 and resistance at 20,319.
we believe the markets are likely to trade up today. Daily it is a routine to witness new stocks rallying and sitting pretty on circuits. The trend is likely to continue irrespective of the front liners. We always believed in midcaps due to low valutions and rapid growth and never concentrate on large caps except few.The market is expected to stay sideways in absence of major positive trigger in near term. However high volatility may be seen as the market consolidates at higher levels. Overseas cues will also to some extent dictate the near term sentiment. However small and mid-cap stocks may continue their rally on momentum buying, as indicated by strong market breadth in the past few days
As per provisional data, foreign institutional investors (FIIs) sold shares worth a net Rs 401.76 crore, while domestic institutional investors (DIIs) were net buyers of shares worth Rs 226.65 crore on Thursday, 13 December 2007.
GMR Share is tipped to touch Rs.280 mark by the year
Tata Tele(Mah) is likely to divest 49% of the stake in its tower business.we have our bet placed likely to double from these levels in the next one year
Abhishek Mills(Rs.71) mentioned couple of times in this section is a multibagger. The stock appear to be eyeing the century level
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