26 Feb 2010 Morning Market Updates

26 Feb 2010 Moening Market Updates  08:55
Ahead of Budget, market will open flat and expect volatility as Hon.Finance Minister will start his speech.No big expectations from this budget only to see how he can tactfully handle the Inflation and Deficit issues.Again same yesterday's levels for Indices.Buy Nifty above 4895 or Sell below 4822 and for BankNifty Buy above 8558 or Sell below 8412. We advise to be patient and keep following strict stops.
Recommendations :
Caution : As this is a volatile session, we advice to keep stops strictly.Follow Buy call in Positive Market bias and v.v.
Buy Aban above 1184 sl 1163 Target 1208
Buy Powergrid above 107.25 sl 106 Target 109
Buy Tatapower sl 1257 Target 1280 / 1291
Buy Crompgreav sl 405 Target 419
Buy Ibrealest above 168 sl 163 Target 175
Buy Indhotel above 89 sl 87.5 Target 92 Positional
Buy Videoind above 221 sl 217 Target 225 / 229
Watch Torntpower sl 194 Target 205 / 211
Sell Bhel below 2347 sl 2360 Target 2323
Sell BPCL sl 571 Target 556
Sell Hindunilvr sl 237 Target 233 / 230
Sell Bajaj-Auto sl 1728 Target 1686
Hold short Bel sl 2009 Target 1965
Sell Mcdowell-n below 1302 sl 1322 Target 1286
Sell Mphasis sl 690 Target 655
Sell Uniphos sl 154 Target 148
Sell Indusindbk below 146 sl 150 Target 140

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