Better trades for the day - Jan 13 2011

Commodity cues

US Crude Oil prices fell on Thursday in a late sell-off sparked by a report that a proposed European Union ban on imports of Iranian crude would be phased in over six months.

Stock in news:

RINL board okays setting up of Rs5,000 crore new units.

GMR, Andhra sign pacts for Rs33,000-crore projects.

Oil India in talks to buy asset in Africa.

LIC readies Rs10,000-crore war chest to lap up SUUTI stake.

RBI sold $2.9 billion in November, most in 30 months.

IDFC unveils round two of tax-saving bonds.



Today’s Intraday calls:

Sandeep says, SELL Hindustan Oil Exploration Company @ Rs104.85 with a target of Rs101 and stop loss of Rs107, on CNBC Awaaz.

Sandeep says, BUY Development Credit Bank @ Rs40.25 with a target of Rs41.5 and stop loss of Rs39.4, on CNBC Awaaz.

Rohit says, BUY Sun TV Network @ Rs297.75 with a target of Rs304 and stop loss of Rs295, on CNBC Awaaz.

Sandeep says, BUY State Bank of India @ Rs1764.4 with a target of Rs1820 and stop loss of Rs1730, on CNBC Awaaz.