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Monday, December 22, 2008

Sokhi Sure Shot Calls for 22nd December !

TATA MOTORS (BUY) 179-181 (Target1) 184 (Target2) 189 (Sl) 177

BHARAT FORGE (BUY) 86-88 (Target1) 91 (Target2) 94(Sl) 84

ADANI ENTER (BUY) 322-325 (Target1) 328 (Target2) 334 (Sl) 319

EXIDE INDUSTRIES (BUY) 46-50 (ONE MONTH TARGET) 65 (MEDIUM TERM TARGET) 90 (Sl) 38

ESSAR OIL (BUY) 93-95 (Target1) 98 (Target2) 118 (Sl) 88

Aptech (Rs 80.40) Buy : We recommend a buy in Aptech from a short-term trading perspective. From the charts of Aptech it is apparent that following a steep decline from the resistance level at Rs 250, the stock found support around Rs 51 in late October (52-week low). Since then, the stock has been in a sideways consolidation in the broad range of Rs 60 and Rs 100. The stock is currently moving up from the lower boundary of this range.

Our short-term forecast for the stock is bullish. We expect it to move up further until it hits our price target of Rs 90 in the forthcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 75.

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DISCLAIMER

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.