Our, Trading Call of ICICI BANK flared, exactly , as per our expectation and hit 337.95 Mark, Yes , Our Target Was 335, We Hope u Enjoyed.
* Our, Trading Call of HDIL flared mind-blowing and hit 79.40 , Yes Our First Target Was 78.90 , So, Hoz that.
* Sms, Was Sent to Buy DLF @ 189 and after that It's flared Upto 194.80 , Still Holding this For Today's Trade.
* Sms, Was Again, Sent to Buy ICICI BANK at 329 Mark, and then, in Future Segment, it's Flared Upto 339 Mark
For Today
Later in the day, there could be some cooling off due to the persistent
lack of buying and worries over the economic downturn. Traders are
advised to use every spurt as an opportunity to exit. Levels of 2,770 and
2,850 are the next resistance zone for the Nifty
Strategy on Future and Option
~ Long Bank of Baroda December Futures @Rs248 for the target price of Rs261-265 and stop loss placed at Rs242.
~ Long Satyam December Futures @ Rs230 for the target price of Rs239-242 and stop loss placed at Rs226.
CESC (BUY, CMP Rs226, Target Rs253)
CESC recorded its 52-week low of Rs165 in late October 2008. Thereafter it stock rallied smartly to a high of Rs248 levels
in early November 2008. Sharp rally in the past couple of days accompanied buy decent volume is likely to see the stock
touching its quarter high of Rs245. Daily chart indicates formation of higher bottom and lower bottoms. The Short term
support level for the stock is placed at Rs218 levels. The daily momentum oscillators like RSI and MACD has generated a
buy signal. Keeping in mind the above mentioned technical evidences, we suggest traders to buy the stock at current
levels and on declines to support of Rs222-226 with a stoploss of Rs217 for target of Rs245 and Rs253.
Insider Trades:
Dabur India: Mr. Sunil Duggal, CEO has sold 25,045 equity shares of the company on December 1, 2008.
Ansal Housing and Construction: Deepak Ansal, CMD has purchased 3,359 equity shares of the company on
December 2, 2008
Gitanjali Gems: Mehul C. Choksi has purchased 30,000 equity shares of the company on December 2, 2008.
Among the major bulk deals; Bajaj Holding and Investment bought 3.8mn shares of Bajaj Finserv.