BSE Sensex / NSE Nifty technical: CNX Nifty technical level is 5,500 to 6,000 points. BSE Sensex technical level is 18,000 to 20,000 for May 2011. If Sensex crosses 20k and CNX Nifty crosses 6k, book profit at higher levels.
Recommendations performance
Monday recommended scrips not performed well, we are committed to provide best share tips.
We recommended to banking stocks, see the lot of bank stocks performed well.
Stocks to trade / short term
Indian Overseas Bank: Indian Overseas Bank (IOB) is a major bank based in Chennai. Provides services in banking, capital markets and allied industries.
Stock trading now at Rs 160.5. Buy at current market price with stoploss of Rs 158 for immediate target of Rs 170 to Rs 175.
Best stock to invest
SEL Manufacturing: SEL Manufacturing is a garment manufacturing company. SEL manufacturing is a part of Salora group of companies.
Investment call: Buy at Rs 18 to Rs 20 with stoploss of Rs 15. Price target is Rs 50 and above.
Reason to buy: See the price history fall from above Rs 500 to Rs 20 level. Huge business expansion plans. Book value is Rs 57 with growing returns. Another group company is looking to IPO.
Risk factor: High interest costs is major expense.
| News title | Equity shares |
|---|---|
| Hot Stocks | Apcotex Industries, Jubilant Industries, Shriram Transport Finance, Nitco Tiles. |
| Stocks in news | SBI, Onmobile Global, Bank stocks and Airlines stocks. |
| Active Futures | Bank of India, Educomp Solutions, Unitech, Jet Airways |
| 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 |
Buy before ex-date to get corporate benefits. Record date / book closure complete details available in BSE / NSE websites.
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Update: 03 May 2011, 8.45 AM.