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Monday, December 15, 2008

Sokhi Sure Shot Calls for 15th December !

RELCAP (SELL ) 544-548 (Target1) 535 (Target2) 526 (Sl) 550

WELSPUN GUJ (BUY ) 100-101 (Target1) 104 (Target2) 108 (Sl) 98

ONMOBILE (BUY) 223-225 (Target1) 229 (Target2) 235(Sl) 219

RENUKA FUT DEC (BUY ) 62-64 (Target1) 66.5 (Target2) 69(Sl) 58

Shree Renuka Sugars (Rs 62.05): The stock’s 8 per cent gain on December 12 reinforced its bullish momentum. We note that there is an increase in volume over the past three trading sessions. The daily RSI is on the brink of entering the bullish zone from the neutral region and the weekly RSI is likely to enter the neutral region. We are bullish on the stock from a short-term horizon.

We expect the stock to move up until it hits our price target of Rs 69 in the approaching trading sessions. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 58.50.

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All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.