Wednesday, November 19, 2008

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Maruti may attract some attention as it is to launch its latest compact car, the A-Star.
Sugar stocks may also hog the limelight, as the Allahabad High Court continues its hearing in the UP sugar mill case. The court yesterday refused to pass any interim order, staying the sugarcane SAP set by the UP government.
Also watch out for Ess Dee Aluminium, which has received BIFR clearance to acquire India Foils from Vedanta group.
Airlines might gain on reports that the Government is likely to classify ATF as 'declared goods'. This will bring down sales tax on jet fuel, from over 20% at present to 4% across India.

ICICI Bank is on the edge. Resistance is at Rs.373/378 (STOP at Rs.384). The stock could head down to Rs.340