Trading recommendations - July 17, 2005
Dabur - this scrip was recommended vide earlier newsletters dtd. May 28, June 05 & 11, July 02 and July 09, 2005 and has performed as per our expectations. Click here to view the previous recommendations. The short term target of 150 - 155 has been achieved / surpassed and that too on higher volumes and confirmation from the oscillators. The rising trend is gathering momentum and we recommend a buy on all declines for the discerning investor.
Your call of action -
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Investors / cash segment players - Buy at the current levels and average lower till the 130 mark in a pyramid fashion. We forecast profit taking at the 174 levels in the medium term.
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Aggressive F&O traders - Buy the August futures at the 140 levels and hold with a stop loss at the 132 levels. Expect profit taking past the 156 - 160 levels in the medium term.
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Derivatives contract size - Market lot = 1,800 shares. F&O margin = approx Rs 50,000 (subject to change daily )
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