Wednesday, January 21, 2009

Intra-day:
1. Buy PFC at Rs.130---Rs.133 for a target of Rs.138. SL--->Rs.128
2. Sell IDFC LTd at Rs.58--Rs.60, Target-->Rs.56 and SL-->Rs.61.
EXIT SUZLON LTD AS I AM HEARING THAT THE COMPANY IS HIGHLY LEVERAGED AND COULD GET BANKRUPT IN 2009, IF THE THINGS ARE NOT ADDRESSED PROPERLY.
So sell Suzlon Ltd and enter either Indowind Energy Ltd (same in this sector) or Selan Exploration Technologies Ltd or Vikash Metal and Power Ld.....
Moreover, as the price of Crude Oil has risen on Nymex yesterday, hence we could look for buying Oil Exploration Companies like Reliance Industries Ltd, ONGC Ltd, Selan Exploration Ltd, Hindustan Oil Exploration Ltd, etc. This could give some support to the markets. Sell all the private banking counter today, Yes Bank, Federal Bank Ltd, etc.
Hindustan Unilever Ltd (BSE Code-->500696) would do well in the days to come as most of the FMCG companies have not reduced the price of their products, while the cost of raw materials have gone down substantially in the last few months. The stock was recommended to the Paid Groups yesterday.....

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