Monday, October 5, 2009

First Call

Buy UltraTech Cement with targets of Rs 920-950 and stop loss of Rs 809. The stock is currently trading at Rs 861.80, up 1.5% on the BSE.

Sell RIL with target of Rs 2074 and stop loss of Rs 2184. The stock last traded at Rs 2150, down 0.9% on the BSE


Buy 5000 Call with Nifty finding support at 4900.

UltraTech Cement has received a consolidation proposal from Samruddhi Cement Ltd, The company will hold a board meeting tomorrow to consider the consolidation proposal.

Sell Grasim with target of Rs 2550 and stop loss of Rs 2775, The stock last traded at Rs 2700.80, down 2.4% on the BSE.

Sell Unitech with target of Rs 97-98 and stop loss of Rs 107.75, The stock last traded at Rs 105.55, down 1.8% on the BSE.




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