Trading recommendations - Feb 19, 2005

Raymonds - this often repeated scrip is performing as per our expectations and has shown signs of bottoming out of a corrective phase. Previous recommendations were dtd Sept 19, Nov 21 & 27, 2004 and Jan 16, 2005. Click here to view the previous recommendations. A high relative strength scrip with a reading of 182 ( where 100 = base ), this scrip is likely to show an accelerated upmove above the 330 levels on a closing basis. The directional index is showing a bullish undertone and we recommend a buy.

Your call of action -

• Investors / cash segment players - buy the scrip on all declines to the 300 levels and hold with a stop loss at the 280 / 285 levels. expect to book profits at the 375 / 385 levels in a medium term time frame.

• Aggressive F&O traders - f&o n/a.

• Derivatives contract size - f&o n/a.

Your feedback is important ! Please click here to let us know your views. Click here to inform a friend about this page on our website.