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Tuesday, May 5, 2009

Sokhi Sure Shot Calls for 5th May !

ADANI ENTER (SELL) 480-484 (Target1) 470 (Target2) 435 (Sl) 492 or SELL MTNL

Indian Hotels Company (Rs 53.70) Buy : The stock is trading well above its 21- and 50-day moving averages. The daily relative strength index (RSI) has re-entered the bullish zone from the neutral region. We are bullish on the stock from a short-term perspective. We anticipate it to break through the resistance at Rs 55 and rally until it hits our price target of Rs 60 in the near future.

Traders with short-term trading perspective can buy the stock while maintaining a stop-loss at Rs 50.5 level.

Note : Yesterday we recommended another GEM to SOKHIPAID Members which is an attractive small company in the software products business.

This company has achieved tremendous success over the past few years. It has multiplied its sales and profits by 22 times and 118 times respectively in a span of just 4 years!! And best of all, this stock is trading at dirt cheap valuations.

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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.