Better trades for the day - Dec 12 2011

Global Cues:

The European stocks ended higher on Friday (December 09, 2011). FTSE 100 up by 0.83%, CAC40 up by 2.48% and DAX up by 1.91%.

The US stocks closed in green on Friday. Dow Jones up by 1.55% and Nasdaq up by 1.94%.

The Asian shares were higher on Monday (December 12, 2011). SGX NIFTY was up by 0.52%.

Commodity cues

US crude oil prices rallied on Friday, after a choppy start, as an agreement for a closer euro zone fiscal union and news of a Chinese fund for US and European investment lifted the euro and equities markets.

Stock in news:

Lupin eyes $300 million revenue from Japan in next 2 years.

Central Bank waives pre-payment on housing loans.

Reliance Industries Limited ( RIL) eyes energy targets in the Americas.

Government may face Rs25,000 crore direct tax shortfall in 2011-12.

GAIL signs pact to buy 3.5 million tonne per year LNG from US,



Today’s Intraday calls:

Ashish Verma says, SELL Hindustan Unilever @ Rs385.7 with a target of Rs370 and stop loss of Rs390, on CNBC Awaaz.

Ashish Verma says, SELL Coal India @ Rs316.05 with a target of Rs307 and stop loss of Rs320, on CNBC Awaaz.

Indranil says, BUY Tata Motors @ Rs183 with a target of Rs190 and stop loss of Rs180, on CNBC Awaaz.