Friday, December 19, 2008

Nifty: Pivot Point – 3018: R1- 3114, R2-3168, R3-3264 ; S1-2964, S2-2868 , S3-2814

Stocks for the day: Satyam , Wockhardt for UP; while Maytas, Punjab Tractor, Century Enka for Down.

Buy Satyam: (T1- 178, T2-187,T3-202; SL-161)
TPG may look to acquire Satyam, in talks with clutch of FIIs; may offer a max Rs 250/sh.

Buy Wockhardt: (T1-106.2, T2-108, T3-114; SL- 101.95)
Fortis Healthcare Likely To Pick Stake In Wockhardt Hospital,Deal At Over $100m

Sell Maytas Infra: ( T1-281, T2-252; SL- 325)
ICRA Puts Maytas Infra On Rating Watch With Negative Implication

Sell Punjab Tractors: (T1-98.3, T2-96.7,T3-94.4; SL-102.2)
Punjab Tractors says to moderate manufacturing activities at Mohali plant.

Sell Century Enka: (T1- 58.5,T2-56.75, T3-55;SL- 62)
Century Enka partially suspends nylon tyre cord fabrics ops due to fall in demand.

allvoices

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