Trading recommendations - Nov 29, 2003

Tata Teleservices - this stock was recommended at lower levels between 12 - 14 levels and has appreciated to test the 22 levels, thereby giving over 50 % returns in 3 months. The recommended date was 8/8/03 ( click here to view our previous editions ). The main trigger has been the improved prospects for the telecom sector, unified licensing and expectations of a possibility of merging IDEA telecom with this company. The company has taken an equity stake in Dishnet DSL which will consolidate it's share in the internet market place. We re-iterate a buy on the counter on all declines for a patient investor.

Your call of action - 

• Investors / cash segment players - Buy the stock on all declines upto the 15 mark. Stop losses should be maintained at the 13 levels and so some room for downward averaging should be kept. Expect a price of 30 and above in a firm market 4 - 6 months down the line.

• Aggressive F&O traders - F&O not available.

• Fixed income strategy - F&O not available.

• Derivatives contract size - F&O not available.

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