First Call

Oil India IPO was fairly priced. The stock has a target of Rs 1350, he says. The stock is currently trading at Rs 1144, up 0.3% on the BSE.

Buy Bank of Maharashtra with a target of Rs 52 and stop loss of Rs 44, The stock is currently trading at Rs 46, down 0.53% on the BSE.

Hold Parsvanath with a target of Rs 175 and stop loss of Rs 122, . The stock is currently trading at Rs 143, down 1.1% on the BSE.

Buy TCS with a target of Rs 645 and stop loss of Rs 585, The stock is currently trading at Rs 638, up 3% on the BSE.

Buy Jindal Saw with a target of Rs 800 and stop loss of Rs 755, The stock is currently trading at Rs 772, up 2.24% on the BSE.

Buy Adlabs with a target of Rs 360 and stop loss of Rs 340, The stock is currently trading at Rs 352, up 1.16% on the BSE.

Buy IOB with a target of Rs 137-142 and stop loss of Rs 120, The stock is currently trading at Rs 131, up 3.6% on the BSE.

Buy Kotak Mahindra Bank with a target of Rs 800 and stop loss of Rs 770, The stock is currently trading at Rs 772, down 0.42% on the BSE.

Buy Reliance Power with a target of Rs 175 and stop loss of Rs 166, . The stock is currently trading at Rs 167, down 0.21% on the BSE.

Indian Stock Market Tips of The Day(01-October, 2009)

Company	Action	Price	SL	Target	Remarks
AXISBANK	Buy	Around 982-985	974	995-1000	Intraday

Currency Market

Dollar closed stronger on Tuesday even as stronger equity markets failed to pull the currency pair in downward direction. Dollar opened the

day at 48.06 levels and closed 11 paisa above at 48.17 levels. Nifty close up by 1% on Tuesday and by 1.54% on Wednesday indicating bulls

are in commanding position in equity markets. However this bullishness did not have its effect on currency markets indicating a temporary

breach of co‐relation between equities and currency market.

Economic indicators showed mixed signals with the Current account balance of India in second quarter showing a deficit of $5.81 billion

against previous surplus of $4.75 billion. However the American GDP data was better than expected with second quarter GDP falling by

0.7% against expectation of fall of 1%. The dollar index fell after this news from 77.32 to 76.73 levels while Dow which fell by 115 points

after this news recovered to close the day at 9712 or 29 points down.

Today the trade data of India will be declared. We expect this to have its effect on the currency pair. We expect USDINR to move between

48.00 and 48.35 for today

Strategies for the day 1st October

Strategies for the day

Date Company View Strategies Action Risk Reward

01-10-2009 RCOM BULLISH BUY CALL BUY 320 CA @ 10.00 2800 5600

OCT. EXPIRY

SL: 6.00 TGT: 18.00

The market may be choppy going ahead, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Buy Nifty on decline around 5020 with a stop loss of 4980, he adds

F&O

Activity in F&O

Nifty October future closed in positive on Wednesday at 5073.55. Nifty futures saw marginal decrease in OI to the tune of 0.34% with rise in price by 1.45%. Market opened in negative with a gap of 9 points as taking cues from global market. Market witnessed buying interest in Banking, Auto, Capital Goods, Metal, Realty, IT and PSU sector stocks whereas saw selling pressure in FMCG and Consumer Durables sector Stocks. Nifty October future closed with discount of 10 points as compare to previous day’s discount of 6 points. Nifty future finally closed in positive with gain of 73 points from previous trading day. FIIs were sellers in index futures to the tune of 444.33 Cr and sellers in Index option to the tune of 340.55 Cr. The F&O segment of the market saw increase in turnover as compared to previous trading session. The market turnover increased by 21.11 percent in terms of number of contracts traded vis-à-vis previous trading day and in terms of rupees increased by 22.47 percent