MARKETS TO OPEN ON A WEAK NOTE, WILL RECOVER TO SOME EXTENT BUT ULTIMATELY FOLLOW THE OVERSEAS MARKETS............
MARKET WAS UP BY MORE THAN 550 POINTS BUT COMBINED TRADED TURNOVER ON BOTH EXCHANGES WAS LESS THAN Rs. 43000 CRORE, THE LOWEST IN NEARLY 15 MONTHS.........
SOME IMPORTANT EVENTS IN US ARE - NOVEMBER CONSUMER CONFIDENCE DATA, ZEW ECONOMIC SENTIMENT DATA, MICROSOFT AND TYCO INTERNATIONAL RESULTS..............
Trading Stocks for the Day:-
· BSE Code: 523574 NSE Code: PANTALOONR
Use gap down and buy up to Rs. 254
Target – 272, 275, 279. Strict SL - 249.90
· BSE Code: 500493 NSE Code: BHARATFORG
Sell CMP: 110 - 111
Further Upside possible in Bharat Forge only above 117.10
Target – 105, 103, 100 Strict SL – 114.10
· BSE Code: 532754 NSE Code: GMRINFRA
Use gap down and buy up to Rs. 74
Further downside possible in GMR only below 67.90
Target – 82, 83, 85 Strict SL – 71.90
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