Technically NSE Nifty and BSE Sensex indices closed positively. But instability political system of India and Fundamentals of company results shows weak outlook. World markets are trading flat and positive.
Yesterday(Tuestday) pick, Walchand nagar industries touched the intraday high of Rs. 158, closed at Rs. 150. Profit Loss ratio of call is 5:3.
Hot stocks to watch
Tata Coffee: TATA Coffee is the largest integrated coffee plantation company in the world. Tata Coffee company has the largest curing facility in India. The Coorg district of Karnataka state is one of the coffee growing regions in India.
Tata Coffee share closed (locked in 20% upper circuit). Target for tomorrow(9-3-2011) is Rs. 700. Buy immediately when opening to get quick gains. Intraday stoploss Rs. 650.
Raj Television Network: Raj Television(TV) Network is one of the biggest player in south India. Direct competitor to Sun-network in Tamil Nadu.
Share price up sharply and closed strongly. Immediate target above Rs. 80 in one or two days.
Some other stocks in news: Jindal Photo, Gujarat Industrial Power corp(GIPCL), Jindal world, Reliance communications, Sun TV, Blue Coast Hotels and Resorts and Gujarat Fluoro chemicals.
Investment idea
Reliance Communications: Reliance Mobile is one of the leading Telecom, Internet and DTH Service providers in India.
Currently share quoting at Rs. 90 levels. Buy for short term to the target of Rs. 150 with stoploss Rs. 70. Must buy to sell at 100% gains. If you want real money do it.
IPO: Acropetal Technologies IPO Listing on March 10th of 2011.
New listing: Indian Terrain Fashions on March 11th of 2011.
Updation: 09-Mar-2011. Wednesday, 8.55 a.m.