Stock Calls For Today



US markets advanced for 5th continuous session , following analyst upgrades, a jump in retail sales and reports showing improvement in jobless claims and productivity. The Dow Jones, S&P 500 and NASDAQ climbed 0.46%, 0.37% and 0.44%, respectively. Walt Disney Co. climbed 2.9% after Bank of America Corp. recommended the shares, while Coca-Cola Co. and Boeing Co. rose at least 1% as UBS AG lifted its ratings on the stocks. A drop in oil dragged energy shares lower, limiting the market’s advance.

Corporate Sector News

  • Hindustan Construction Company has bagged two orders worth Rs. 2.99 bn from Hindalco Industries for various infrastructure related works at Aditya Aluminium Smelter Project in Orissa. (BS)
  • Ashok Leyland said it will invest Rs. 30.00 bn in the next three years on various projects, including its light commercial vehicle joint venture with Japanese auto maker Nissan. (BS)
  • Suzlon Energy said it has bagged a contract from Gujarat State Petronet Ltd for setting up 52.5 MW wind energy project in Gujarat. (BS)

Nifty Outlook

If Nifty trade above 5100 then some more uptrend in the market upto 5140 – 5180
If Nifty trade below 5045 then some profit booking in the market upto 5020 – 4980

Intraday Calls:

ACC
Buy above 963
SL 956
Targets 973,980
Or if trades below 947
Short ACC
SL 954
Targets 937,931

RELIANCE
Buy above 1034
SL 1027
Targets 1044,1050
Or if trades below 1013
Short RELIANCE
SL 1020
Targets 1003,997

AXISBANK
Buy above 1144
SL 1137
Targets 1154,1160
Or if trades below 1120
Short AXISBANK
SL 1127
Targets 1110,1104

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Friday, March 5th, 2010 Intraday Calls

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