Morning Call - Jan 25 2008

Market Grape Wine :

In House :

Nifty at a supp of 4995 with resis at 5117 and 5202. Nifty expected to inch up to 5400~5550

Intra Day: Buy Reliance above 2490 with a TGT of 2535 and a SL of 2478

Buy SBIN above 2345 with a TGT of 2379 and a SL of 2334

F&O: Buy Nagarjuna Construction above 284 with a TGT of 297 and a SL 278

Buy GTL above 258 with a TGT of 271 and a SL of 253

Delivery: Buy ICICI Bank , BHEL , Centurytext, PTC, Birlajute, Kamath Hotel,Adhunik Metalik, ESAB India

Aptech, DCM Shriram Consolidated (Accumulate with a view of 4~6 mths)



Out House :

Markets at a support of 17007 & 16786 levels with resistance at 17575 & 17979 levels .

Buy : RIL & RelCap

Buy : Religare & IBulls

Buy : SBIN

Buy : JPhydro & JPASSO

Buy : Adlabs

Buy : RPL & IOLBroad

Dark Horse : IOlBroad , Aban , GE , RIL , Sbin , Relcap & REL

TGIF : Thank God Its Friday : Markets consolidating buy at dips and hold for good returns in coming weeks .