Dow Jones -16, Nasda +14, UK +200, France +163, Germeny +210, China
Nifty Have a support near 4850 at decline take this support and buy
it is expected to test 5,000 level on the upside, which seems quite likely in the coming
trading sessions. On the Upside, Nifty has resistance initially at 200-DEMA, which is around 5,050 level. On the downside, Nifty has support around 4,740. The rise in Indices was supported with good volume. The momentum Indicator KST on the daily chart has finally given a positive crossover, which reflects upper hand of bulls. The market breadth was strongly in favour of bulls.
Suzlon Buy above 236 SSL 230 tgt 241, 245, 249
Punj Lloyd buy above 327 SSL 325 tgt 331,338,350
Rcom Buy SL 525 tgt 550 ,563 ,575
DCB BUY SSL 80 tgt 85,90
Delivery call
Alps Inds
Alps ins is a good player in Taxtile fabrication ind.
Top line and bottam line Quarter to quarter increase 12 to 15%
Also the Company has set up a wholly owned subsidiary company named Alps Energy Pvt Ltd to make investments in various energy projects. This will be the vehicle for the company's investments in the energy sector. The Company is currently negotiating with several parties for acquisition of allotted hydel power projects in Uttarakhand and Himachal Pradesh.
P/E – 4, EPS -9 rs., Reserve -72, Book Value -82, Dividend -0.75 paisa,
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