Tips for 2nd Jan 2008

Recap: Xpro was frozen by 5%, reliance did not reach entry price, crompton gave a profit of rs 3.7/- and Neyveli did not reach entry price.

Stock Market day diary:It was a flat closing for the market today on the first day of the new year with some choppiness in the last hour of trade. Sensex closed at 20300, up 13 points and Nifty at 6144, up 5 points from the previous close. The CNX Midcaps Index was up 1.4% and BSE Smallcaps Index was up 2.6%. The market breadth was positive with advances at 965 against declines of 254 on the NSE. Top Sensex gainers included ITC, HUL, Grasim and NTPC while losers included Bharti Airtel, Wipro, TCS and Infosys.

Key world Indices:

SENSEX 20300.71: +13.72
NIFTY 6144.35: +5.75
FTSE 6456.90: -.20
NASDAQ 2652.28: -22.18
DOW JONES 13264.82: -101.05
NIKKEI 15307.80: -256.91

Strong Future Stocks

India Infoline
Essar Oils
Ansal Properties
Lanco Infratech
IOC
Alok Indust
Parsvnath
National Alluminium
Bharat Petroleum
Tata Power

Weak Future Stocks

JP Associates
Amtek Auto
Shree Cements
Bajaj Auto
Maruti
Crompton Greaves
ABB Ltd
ACC
Federal Bank
Hero Honda

Free Intra Day trading Tips

Buy Mahindra Ugine> 115.7, 117.6,120.7 sl 112.4
Buy Xpro>52.2, 55.6 sl 49.9
Buy GMR Infra>250.3,253,255.90 sl 248.8
Buy Escorts>160.1,164,170,180 sl 257.5
Buy Dena bank>96.1,200 sl 94.5
Buy Crompton Greaves>392.75,396,400 sl 388.8

Delivery Stock: GMR Infra (It can be held till 245 is held and has a long target of 300).