BSE Sensex and NSE Nifty Technical level: CNX Nifty technical range is 5,500 to 6,000. BSE Sensex technical range is 18,000 to 20,000 for May 2011. If Sensex crosses 20k and CNX Nifty crosses 6k, book profit at higher levels. These levels may suddenly breakable if arise any major news.
Performance of recommendations
Friday recommended scrips not performed well as expected, we are committed to provide best tips.
Refresh our recent recommendations SPIC and Excel Infoways zoomed well.
Trade / Invest picks
Info-Drive Software: Info-Drive Software Ltd is a multi-dimensional information technology company provides business services in India and globally.
Stock trading now at Rs 18.5(LTP of NSE). Buy at current market price or lower level with stoploss of Rs 16 for target of Rs 22 to Rs 25 in this week.
Bhagyanagar India: Flagship company of the group has diverse business such as Real Estate, Infrastructure, copper products and Jelly filled cables.
Stock price trades at Rs 20.5(last traded price of NSE) level, If today open at same level, buy with stop of Rs 19. Technical target price for today is Rs 23 and above.
Elgi Equipments: ELGI is a manufactures of industrial air compressors. Producing the type of reciprocating compressors, rotory screw compressors, centrifugal compressors and diesel powered compressors using to various industrial purposes.
Stock trading now at Rs 86. Buy when opening at Rs 85 to 86 with stoploss of Rs 83, target is Rs 95 to Rs 100.
Investment idea - Growth story
SEL Manufacturing: SEL Manufacturing Company is a garment manufacturing company. SEL manufacturing is a part of Salora group.
Investment call: Buy at Rs 18 to Rs 20 with stop of Rs 15. Price target is Rs 50 to Rs 60.
Reason to buy: See the price history fall from above Rs 500 to Rs 20. Huge expansions of business plans. Book value is Rs 57 with growing returns. Another group company is looking to IPO. Must do home work before invest.
Risk: High interest costs is major drawback to profits.
| News title | Equity shares |
|---|---|
| Hot Stocks | Infosys Technologies, 3I Infotek, Dhunseri Investments, Crompton Greaves, Timken India. |
| Stocks in news | Infosys Technologies, Bank stocks and IT stocks |
| Active Futures | Polaris Software, Videocon Industries, UCO bank, HDIL, Union bank, Banking and Financial stocks. |
| Company | Purpose | Ex-date |
|---|---|---|
| Indus Finance Corporation | Bonus issue ratio 1:1 | 3-May-2011 |
| Onmobile Global | Bonus issue ratio 1:1 | 3-May-2011 |
| Triveni Engineering | Scheme of arrangement | 3-May-2011 |
| Bajaj Corp | Stock split Rs 5 to Rs 1 | 5-May-2011 |
Note: bonus, stock split, dividend and all benefits applicable, if buy before ex-date. Record date / book closure dates available in BSE and NSE stock exchange websites time to time.
Update: 02 May 2011, 8.45 AM.
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