Trading recommendations - Jan 11, 2004

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Rolta - this smaller cap software company is in the business of CAD / CAM and topographical applications. The stock is showing a classic saucer formation as the price graph and oscillators are moving in tandem - upwards. The stock is a market out-performer and enjoys a high relative strength. The stock was earlier recommended via our editions dtd - 20/12/03 and 27/12/03 ( click here to view our previous editions ) and has met our bullish expectations. The stock will see a good base at the 106 levels and above the 125 mark, will see 140 / 145 levels in a firm market. We recommend a buy for the delivery based investor / trader with patience.

Your call of action - 

• Investors / cash segment players - we advocate delivery based buying into the counter above a close of Rs 125 only with a stop loss at 111 and a target of 140 / 145 be maintained before calendar quarter end.

• Aggressive F&O traders - n/a

• Fixed income strategy - n/a

• Derivatives contract size - n/a

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