Trading recommendations - Dec 15, 2003

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Gujarat Ambuja Cements - this cement major was recommended by us ever since a price level of 194 was surpassed - a handsome appreciation has already been achieved. The recommendation dates were 12/7/03, 19/7/03, 26/7/03, 02/08/03, 09/08/03, 26/10/03 and 01/11/03 ( click here to view our previous editions ). The stock is back to it's winning ways again and has cleared the 300 hurdle. A fresh appreciation is likely in the near term.

Your call of action - 

• Investors / cash segment players - Buy as long as the stock remains above the 300 mark and keep a stop loss at the 285 mark. Expect to sell at the 335 + levels in a conducive market by budget time.

• Aggressive F&O traders - Buy the December futures above a price of 300 and maintain a stop loss at the 295 levels. Expect profit taking at the 309 / 311.

• Fixed income strategy - n/a

• Derivatives contract size - 1100 shares. F&O margins = Rs 60,000 ( margins subject to change daily).

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