WEEKLY RECOMMENDATIONS

BSE Sensex
Last Close : 18852:57
Foreign market are going down since about 2 week and it also effects sentiment of our market .After six continuous days having seen the red colour at last on friday market showed green.Looking at the overall perfomance fo the week , Sensex went down up to 842 points.Sensex was unable to pick the all-time high levels in last week and brken last week's bottom 18333.This is bad sign for short term

Now for new week sensex has strong resistance @ 19015 ,once cross this level will take this 19218 level ,but 19987 ,20238 are short term's top for market ,this levels are signal if sensex does not cross this levels,at every rise we will see seller market, Down side 18515 is first support break will take it to 18295,18182.......


NIFTY FUTURE :
Since last three week nifty future is showing lower bottom. 2weeks ago bottom was 5585,1week ago it was 5460 and last week it was 5395.05,this is bad sign on chart and it indicated highly volatile market in near future . Next week is last week of November Future there for highly volatility will shown in nifty futures.

On upper side 5683,5714 are strong hurdle,cross over only can create fresh buying up to 5750,down 5505 is first support,break will take it to 5421,5395 in panic.


THIS WEEK'S RECOMMENDATIONS STOCK :

BUY BAJAJ AUTO ABV 2490 SL 2446 TGT -2549-2585

BUY JINDAL ST & POWER @ 12100 SL 11434 TGT -12999- 13429.

BUY WELSPUN GUJ @ 395 SL 380 TGT -419 -439

BUY NEYVELLI LIGNITE @ 212 SL 191 TGT -229-260

BUY ESCORTS @ 145 SL 137 TGT -159-169

BUY RPL @ 209 SL 202 TGT 221- 228-249.

BUY NTPC @ 235 SL 225 TGT -244 -256.

BUY TCS @ 955 SL 935 TGT -1003 - 1025.

BUY VOLTAS @ 213 SL 206 TGT 226-235.

BUY PFC @ 240 SL 230 TGT 252- 263.

BUY RNRL @ 150 SL 138 TGT 161-169.

BUY TTML @ 45 SL 40 TGT 49 -56.

BUY MRPL @ 106 SL 100 TGT - 113- 121.


SMALL SAVING SCRIPTS


Syncom Formulation
BSE Code : 524470
Last Clost : Rs.65.85
It is a high-risk, high profit stock for short-term investors.Buy with strict stop loss of Rs.57.On the upper side,it can go up to Rs.73.on cross over ,it can go up to Rs.85 level in coming days.



IOL Chemicals
BSE Code: 524164
last close :Rs. 110.10
The company manufactures Ethy1/Buty1 Acetate, Acetic Acid ,Acetic Anhydride and Ibuprofen-Bulk Drug and has an equity of just Rs.12.05 cr .The promoter hold 53.31%
while corporate bodies hold 23%.For the Sept' 07 quarter ,Net sales jumped 88.59% but net profit zoomed 169.92%.for FY08,it is likely to touch sales of Rs.300 cr .with net profit of about Rs.11-12 cr.

India star Fund ,Citi Group's investment ARM,has bought preferential shares at Rs.75 per share,Buy with stop loss of Rs.100 on the upper side, it can go up to Rs.122.50.After cross over ,it can go up to Rs.150+ level in coming days.