Intraday Calls - Oct 12 2011

Global Cues:

The European stock markets closed mixed on Tuesday, (11 October 2011), FTSE down by 0.06%, CAC declined by 0.25% and DAX advanced by 0.30%.

The US stocks drifted to a mixed finish on Tuesday, DOW JONES declined by 0.15% and NASDAQ increased by 0.66%.

The Asian shares were mostly lower on Wednesday (October 12, 2011), SGX NIFTY up by 0.26% and HANG SENG declined by 0.61%.

Commodity:

Crude oil rose on Tuesday on news of an alleged Iranian plot to assassinate Saudi Arabia's ambassador in the United States.

Stock in news:

Max India to sell 26% in unit for Rs516 crore.

DLF to raise Rs2,500 crore from Amanresorts stake sale.

Tata Power installs 300MW wind energy capacity.

For more stocks in news……Click Here

Today’s Intraday calls:

Sandeep says, SELL Aban Offshore @ Rs390.05 with a target of Rs.382 and stop loss of Rs.394, on CNBC Awaaz.

Pradeep Pandya says, BUY Bajaj Auto @ Rs1578.75 with a target of Rs.1645 and stop loss of Rs.1550, on CNBC Awaaz

Sandeep says, BUY Sintex Industries @ Rs115.5 with a target of Rs.119 and stop loss of Rs.114, on CNBC Awaaz

Sandeep says, BUY Spicejet @ Rs20.55 with a target of Rs.21.50 and stop loss of Rs.20, on CNBC Awaaz

Pradeep Pandya says, BUY Union Bank of India @ Rs241.4 with a target of Rs.255 and stop loss of Rs.236, on CNBC Awaaz