Wednesday, September 13, 2006

Upmove likely to continue

With favourable clues coming from the US, Asian and the Emerging market, the Sensex is all set to move up continuing with the Yesterday's Gains. Hence the Sensex is likely to open in the positive zone and continue its upmove. The index however may face stiff resistance around 11,800 levels.The Semsex is likely to face resistance around 11, 750-11,775-11, 800 levels. On the downside, it may find support around 11,575-11,550-11, 520 levels. The Indices will end in the Green today. Buy: 1. Tilaknagar Industries Ltd 2. Haldyn Glass 3. Alembic Glass[ Hit third upper buyer freeze after recommending on Friday] 4. EMA India Ltd [Hit circuits yesterday after recommendation] 5. BPCL 6. IDBI Ltd Sell: 1. Hazoor Media and Power Ltd 2. HOEL 3. Selan Exploration Ltd 4. Book partial profits in Chandra Prabhu International Ltd 5. Monnet Ispat and Power Ltd 6. United Western Bank Ltd

Hold: 1. California Software Ltd 2. Helios and Matheson Software Company Ltd Best wishes, Suman Mukherjee India

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