Trading recommendations - Dec 06, 2003

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Indian Hotels - this hotels and hospitality major from the Tata group has been recommended by us repeated at significantly lower levels in anticipation of higher tourist traffic, upswing in the economic / trade outlook and forex earnings. The reco dates were - 02/08/03, 09/08/03, 11/10/03, 25/10/03 and 01/11/03 ( click here to view our previous editions ) and investments in the scrip have been repeatedly profitable.

Your call of action - 

• Investors / cash segment players - start buying on minor declines of 375 levels and keep room for downward averaging upto the 350 mark. Maintain  stop loss at the 335 mark and expect to book profits at the 450 + mark by budget time.

• Aggressive F&O traders - n/a

• Fixed income strategy - n/a

• Derivatives contract size - n/a

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