Stock Trading Tips 11th September 2009

Suggestion: Global market is in deep red, so probably there would be gap down opening for Indian market too. So avoid long run in stocks. Better clear your position EOD.

Tips:
Sell NHPC
Tgt: 32
Stpls: 35
Sell Suzlon
Tgt: 92
Stpls: 101
Sell Unitech
Tgt: 106
Stpls: 113
Sell Maytas Infra
Tgt: 123
Stpls: 135
Sell Polaris Software Lab
Tgt: 126
Stpls: 141
Sell Larsen & Turbo
Tgt: 1568
Stpls: 1623

HOT STOCKS:
To Buy:Marico, TTML, NTPC, PFC
To Sell:Selmcl, GVK Power Infra,Omaxe Ltd, TVS Motors

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:Oil India Ltd (Issue Price 1050)

NEWS FRONT
1. BSNL, MTNL may join group buying 46% in Kuwait’s Zain Tele
2. Exports dip for the 11th straight month
3. Pipavav fixes IPO price band at Rs 55-60 a share
4. NTPC to sign pact with RIL by Sept-end for govt-allotted gas. NTPC to float Rs 21,000-cr tender to source equipment
5. L&T bags repeat orders from NPCIL
6. Jindal Power to invest Rs 13,400 cr for raising capacity
7. Jaypee Hydro Rs 6,000 cr project to commence by 2010
8. IVRCL Infra bags Rs 557-cr orders

CORPORATE RESULTS
1. Ackruti City net profit dips 12% at Rs 264.73 cr
2. GTL June quarter net up 77% at Rs 59 crore
3. Gitanjali Gems consolidated net dips 6%
4. Bombay Rayon Fashions consolidated net profit at Rs 136 cr
5. Gemini Communication consolidated net dips 63%
6. Simplex Infra Q4 net at Rs 29 cr
7. Koutons Retail posts Rs 35.82 cr net in Q4
8. L&T Q1 net profit rises to Rs 1,598-cr
9. Welspun-Gujarat Stahl Q1 net up 94% at Rs 138-cr
10. Shriram EPC Q1 net up 10% to Rs 8-cr
11. Ultratech Cement Q1 net up 58%
12. DCSL Q1 net profit jumps to Rs 21.2 crore
13. Yes Bank Q1 profit up 84%
14. ITC Q1 net up 17% at Rs 879 cr
15. Maruti Suzuki Q1 net jumps 25.26%
16. Punj Lloyd Q1 net profit up 13% at Rs 127 cr
17. Dabur India Q1 net up 15%
18. Zydus Cadila Q1 net rises 39% to Rs 124 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