Dec 6, 2009

WEEKLY REPORT CARD 7 DECEMBER TO 11 DECEMBER

FUNDAMENTAL STOCK PICK


ELGI EQUIPMENTS TARGET 110(1 YEAR)

100% debt-free company

Company’s compressor used in mining,transport,pharma,power
Oil and gas,railway,textiles,printing,ship-building,paper,electronics,
Telecom,medical,food,beverages,plastics.

Company sales its products in worlds fastest growing country like India,china,brazil apart from above it sales in Europe,north-america,latin –america,Africa,austrilia,middle east,south east asia,west asia.

MUTUAL FUND PICK


UTI TOP 100-AVOID

Fund has fail to deliver good returns to investors

WEEKLY MARKET OUTLOOK


Support at 5000-4900
Resistance at 5200-5250

Buy above 5230 stop loss 5170 target 5320
Sell below 5000 stop loss 5070 target 4910


TECHNICAL STOCK PICKS


Buy idea stop loss 51 targets 59-61

Buy essar oil stop loss 135 targets 155-162

Buy unitech stop loss 80 targets 96-102

Buy hexaware stop loss 89 targets 106-113

Buy financial techno stop loss 1335 target 1500-1565


ACTIVE STOCK OPTIONS


Ifci,unitech,suzlon,ispat,hindalco

KEY NEWS TO WATCH OUT


Iip data will be announced on 11 December for the month of October 2009

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