Trading recommendations - Dec 28, 2003

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Zee Telefilms - this counter was recommended on 26/10/03 & 20/12/03 ( click here to view our previous editions ) and has appreciated marginally as the stock has been a market under-performer recently. As long as the scrip remains above the 155 mark, expect the upward momentum to remain intact. The media sectors re-rating is likely to see this scrip getting higher valuations also. Buying recommended for the cash segment players.

Your call of action - 

• Investors / cash segment players - we advocate delivery based buying into the counter above a close of Rs 155 only with a stop loss at 142 and a target of 180 be maintained in the near term.

• Aggressive F&O traders - n/a.

• Fixed income strategy - n/a

• Derivatives contract size - n/a

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