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Intraday 20-09-2006. September 20, 2006

Posted by Bhavin in Intraday Calls.
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Market will go in deep red terretory in morning. More of the updates will be provided during market hours. Short all your profitable stocks. Fresh buy must be on hold even in A-group stocks.

Stocks in News: MTNL, Ranbaxy, Zee Tele, Bajaj Auto

RBI allows further FII buying of
- Upto 49% in Gammon, PTC
- Upto 40% in Emco, Igarishi Motors
MTNL says:
- Has not withdrawn application for ILD license
- Millennium Telecom (a JV of MTNL & BSNL) has withdrawn application of ILD license
Ranbaxy:
- Signs in-licensing pact with Ethypharm for cardiovascular drug combination of Fenofibrate-Atorvastatin
- To market Fenofibrate-Atorvastatin combination under STORFIB brand
Welspun Gujarat bags Rs 700 cr order for supply of lines pipes
Zee Tele:
- Signs agreement with Beijing-based China Central Television
- CCTV has licensed to Zee Network use of news, other programs from CCTV International

Keep checking back.

Voltamp Transformers to list today.

Voltamp Transformers is listing today on the bourses. The company manufacturers power transformers, distribution transformers and dry transformers. The offer price was fixed at Rs 345 per share.
The company had entered the capital market with an initial public offering, IPO of 48,83,840 equity shares of Rs 10 each. The issue subscribed 17.65 times. The object of the company was to list on stock exchanges and provide liquidity to existing shareholders.

Comments»

1. Kabir vaid - September 20, 2006

Hi Bhavin
Any change in views or you are still bearish.

2. Bhavin - September 20, 2006

Still bearish but have given two calls on messanger that is Dewan House when it was at 75.20/= and Educomp at 573/= both were sold in profit just last hour. Now watch Shree Precoated buy in small lots only. This stock is worth delivery and can even touch circuit today.
Regards,
Bhavin.

3. Bhavin - September 20, 2006

Just to tell you both were buy calls and not a single sell call in a day.

Thanks,
Bhavin.