Trading Recomandation 14-08-2009

1. JSW STEEL :- BUY ABOVE 730 TARGET 748 THEN 767 THEN 789 SL 702
2. WELSPUN GUJ :- BUY ABOVE 224 TARGET 235 THEN 248 SL 212
3. PFC :- BUY ABOVE 224 TARGET 232 THEN 240 SL 213
4. TATA ELXSI :- BUY ABOVE 171 TARGET 178 THEN 186 SL 162

• DERIVATIVE PICK
• HOLDING PERIOD – TWO to SEVEN DAYS
• HDIL ( CASH – Rs.301.80) :

The stock has closed on a very strong note and a closer look at the chart structure clearly indicates that the stock is headed for higher levels. Buying is advised above Rs. 302 for a

target of Rs.320 and Rs.327.50. Some profit booking might be witnessed around Rs.327 from where it can retrace a bit. But once it crosses the level of Rs.328 it can easily reach a level of Rs.347. Stop Loss of Rs.284 should be kept. Higher target of Rs.365-372 is also possible but this target might take around one month to reach.

• STOCKWATCH
• HOLDING PERIOD – ONE MONTH PLUS
• APTECH , Present Price – Rs.208.95

Aptech Limited (Aptech) is a Global Learning Solutions Company that provides IT and specialized Education and Training services to the retail and the institutional customers. Aptech has presence across 5 continents and the business is conducted through a franchisee model that provides retail, multimedia and institutional training across the globe. Aptech offers a range of courses spanning from basic computer education to high-end technology training. Aptech also offers services in the learning business, which includes certification and testing, e-learning and content development. The business primarily operates in two segments – Retail and Institutional. Retail business constitutes 67% of the total revenue whereas rest of the income comes from institutional segment (17% from corporate training and 16% from Government projects). The retail segment comprises of global IT and multimedia training, China operations and Avalon Academy. The institutional segment consists of learning services, training and testing solutions and Aptech Synergetics. On the technical front, the stock is in a strong uptrend and has given a strong breakout. Buying is advised above Rs.215 for an immediate target of Rs.228 and Rs.242. Higher target of Rs.253-262 is also possible. Long term investors can expect higher targets. Stop Loss of Rs.184 should be kept.

BHUSHAN STEEL Present Price – Rs.882.80

Bhushan Steel which started its operations in 1989 with a capacity of 60,000 tpa, has come a long way to become the largest manufacturer of cold rolled coils and galvanized sheets in India. The company has the distinction of being the third largest secondary steel producer in the country. With the distinction of being India’s third largest secondary steel producer (after SAIL and Tata Steel), Bhushan Steel & Strips (BSSL) is a play on the rapidly growing consumerism in India. With leadership in manufacturing cold rolled and galvanized steel, the company is a leading supplier to passenger car and white goods industries, which are expected to witness robust growth. On the technical front, the stock has crossed its key resistance level of Rs.872 and has even closed above it. Buying is advised above Rs.890 for a target of Rs.948 and Rs.989. Higher target of Rs.1060-1082 is also possible.