03 August 2010

Morning calls



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 Following are the weekly technical picks recommended by Tanmay G Purohit, an independent techno-fundamental analyst:

> Strides Arcolab

Buy around Rs 440-444 for target of Rs 465 with stop loss of below Rs 435.

Rationale: The stock has given a breakout from 1-month range of Rs 437 to Rs 410. Next move can be 5-7% for this stock higher.

> PTC

Buy near Rs 111-112 for target of Rs 120 and stop loss of below Rs 108.

Rationale:
The stock is in a good up trend and looks to reach above Rs 120 soon. It trades above important moving averages and above Rs 120 more rallies is possible.
> ABB
Sell around Rs 810-815 for target Rs 775 and stop loss of above Rs 825.

Rationale:
The stock has failed to participate in positive trend of market too and now it is slowly breaking down. It looks a sell on rally stock.

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Daily Newsletter - Aug 2 2010

 

Bajaj Corporation better grey market premium than SKS Microfinance

 

 

 

 Src: Brameshtech Blog, Myiris, DP blog etc

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