Stock Trading Tips 9th 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:
Buy JP Hydro
Tgt: 98
Stpls: 82
Sell Omaxe Ltd
Tgt: 118
Stpls: 134
Buy GMR Infra
Tgt: 142
Stpls: 130
Sell Maytas Infra
Tgt: 128
Stpls: 142
Sell Rei AGRO
Tgt: 46
Stpls: 52
Sell Hindalco Industries
Tgt: 108
Stpls: 117

HOT STOCKS:
To Buy:HUL, Axis Bank, Reliance Infra.
To Sell:Selmcl, GVK Power Infra, Sintex Industries

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. Tech Mahindra bags $400-m Etisalat deal
2. HCL Infosystems Q4 net dips 7%
3. Spice Investments’ open offer for Wall St Fin stake
4. ‘Cairn to pay ST only on crude sold in Rajasthan’
5. Suzlon Energy promoter revokes 40 lakh shares
6. Alstom may partner BHEL-NPCIL joint venture
7. Lead futures climb 5%, hits upper limit

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