Stock Trading Tips-29th May 2009

Suggestion: Time to accumulate good stocks in small volumes to get 20%-30% by year end.

Tips:

Buy Suzlon
Tgt:102
Stpls: 84
Sell Infosys
Tgt: 1500
Stpls: 1592
Sell ICICI Bank
Tgt: 700
Stpls: 734
Sell United Spirits
Tgt: 800
Stpls: 562
Sell GMR Infra
Tgt: 150
Stpls: 168

HOT STOCKS:
To Buy:HCC, Suzlon, GTL Infra, Axis Bank, Mahindra and Mahindra

To Sell: Unitech, Parsvnath, PFC, PowerGrid, Tulip Telecom

MFs to Buy:
Diversified: 1) UTI Dividend Yield Fund (G) (G), 2) Birla SL Dividend Yield (G)
ELSS: 1) Sundaram Tax Saver (G), 2) HSBC Tax Saver Equity Fund (G)
Balanced: 1) UTI Childrens Career Balanced (G) 2) UTI CRTS 81(G)
Debt: 1) HDFC Floating Rate Inc- LTP (G) 2) LIC MF Floating Rate Fund (G)
New Fund Offers: NIL
Upcoming IPO’s:NIL

ECONOMIC TIMES
1. Inflation remains unchanged
2. ONGC may invest $1.01 bn in Cairn's Rajasthan oilfields
3. SAIL's workforce likely to decline by 7,000 in FY'10
4. L&T plans Rs 2,000 cr expansion
5. Suzlon resets loan covering for Repower purchase
6. IVRCL Infra bags Rs 299 cr order from Bihar Govt

CORPORATE RESULTS
1. Deepak Fertilisers net up 26% at Rs 39.63 cr
2. Varun Shipping net up 51% at Rs 122.97 cr
3. Bajaj Holdings & Investment Q4 net at Rs 86 cr
4. Somany Ceramics Q4 net at Rs 2.11 cr
5. Bajaj Auto Q4 net dips 50% at Rs 69 cr
6. Jet Airways Q4 profit at Rs 53 crore
7. Sharp India Q4 net up 55%
8. NIIT Tech March qtr net dips 58.50%
9. Agro Tech Foods FY'09 net up 28%
10 Bank of Baroda consolidated net up by 54%
11 Jindal Steel net up at Rs 1,536 cr in FY 09
12 BHEL Q4 net up 21% at Rs 1,347 cr
13 MRPL Q4 net up at Rs 608 cr
14 Bajaj Electrical Q4 net up 43%
15 M&M Q4 net up 89% at Rs 418 cr; to pay Rs 10
16 L&T Q4 net up 3% at Rs 998.50 cr
17 SAIL Q4 net down 37% at Rs 1,487 cr


Remarks: My best wishes are with all the traders and hope you would like them. For any queries contact me personally on +91-9873233952