Better Trades for the day - Feb 3 2012

Global Cues:

The European shares surged on Thursday (February 02, 2012). FTSE 100 rose by 0.09%, CAC40 surged by 0.27% and DAX up by 0.59%.
The US stocks were mixed on Thursday. Dow Jones down by 0.09% and Nasdaq up by 0.40%.
The Asian stock markets were mixed on Friday (February 03, 2012). However, SGX NIFTY up by 0.14%.



Commodity cues
The US Crude Oil tumbled to a fresh six-week low on Thursday, falling below $97 for the first time since December 19, on weak demand and rising supplies.

Events for the day:
Results: Container Corporation of India, DR.Reddy's Laboratories, Godrej Industries, Hindustan Copper, Pidilite Industries, Power Finance Corporation.

Stock in news:
Air India to clear dues to oil companies on Friday.
Reliance Industries Limited ( RIL) representatives to face PAC today on gas block issue.
Aanjaneya Lifecare buys Apex Drugs for Rs250 crore.
Government to infuse Rs18,000 crore in 12 PSU banks this fiscal.
State Bank of India ( SBI) says it has Rs4,500 crore exposure in telcos.
RBI asks banks to evaluate risk of unhedged forex.

Today’s Intraday calls:
Sandeep says, BUY Pantaloon Retail (India) @ Rs170.5 with a target of Rs176 and stop loss of Rs167, on CNBC Awaaz.
Ashish Verma says, SELL Escorts @ Rs78.75 with a target of Rs76 and stop loss of Rs79.9, on CNBC Awaaz.
Sandeep says, BUY JK Lakshmi Cement @ Rs48.25 with a target of Rs50 and stop loss of Rs47.2, on CNBC Awaaz.
Ashish Verma says, SELL Power Finance Corporation @ Rs181.7 with a target of Rs176 and stop loss of Rs184.5, on CNBC Awaaz.
Sandeep says, BUY Prime Focus @ Rs59.45 with a target of Rs61 and stop loss of Rs58.2, on CNBC Awaaz.