Trading recommendations - Feb 27, 2005

Raymond - this scrip was recommended by us vide earlier editions dtd Sept 19, Nov 21 & 27 2004 & Jan 16, Feb 06 & 20, 2005. The scrip has been a superlative performer and has almost fulfilled it's 6 - 8 month target in a faction of the time expected. Click here to view the previous recommendations. The scrip is at it's lifetime highs and has a high relative strength of 170. As long as the scrip stays above the 300 levels, expect the outlook to remain bullish. We recommend a hold on existing positions and a buy on declines.

Your call of action -

• Investors / cash segment players - hold the existing long positions and buy afresh at the 320 levels in case of a decline. Hold with a stop loss at the 280 levels and expect profit taking at the 400 + levels in a few months time in a conducive market.

• Aggressive F&O traders - f&o n/a.

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

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