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Thursday, November 5, 2009

Today's Pick



Recommendation: Buy

Last Close: Rs 243

Last Close: Rs 270/80

Stop Loss: Rs 218

GE Shipping has a very good support around Rs 220-25 levels; these levels would act as support if the stock corrects from current levels. Keep stop loss below Rs 218 for a possible target of Rs 270/80.



Recommendation: Buy

Last Close: Rs 47.70

Last Close: Rs 52

Stop Loss: Rs 45

Truck major Ashok Leyland is in uptrend in the short-term period; the stock is moving up with good volume and has very good support around Rs 45. Keep stop loss below Rs 45 for a possible target of Rs 52/53.



Recommendation: Sell

Last Close: Rs 288

Last Close: Rs 260

Stop Loss: Rs 300

HCL Tech has hit high of Rs 352 and then started moving down after making lower top of Rs 335. Currently trading below Rs 297, it can lead to further downside up to Rs 260. Keep stop loss above Rs 300 for a possible target of Rs 260.




Recommendation: Buy

Last Close: Rs 544

Last Close: Rs 605

Stop Loss: Rs 518

Divi’s Labs has very good support at Rs 518-30; these levels would act as support if the stock corrects from current levels. Keep stop loss below Rs 518. It has a resistance at Rs 570 at which upgrade trailing stop loss to Rs 540.




Recommendation: Buy

Last Close: Rs 700

Last Close: Rs 740

Stop Loss: Rs 680

FMCG major Colgate-Palmolive is in uptrend for short term and is moving up with good volume. The stock has a very good support around Rs 680. Keep stop loss below Rs 680 for a possible target of Rs 740.



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