Intraday 02-01-07.

For day market likely to remain volatile.

Buy:

3i Info(As mentioned previously if it closes above 190/= we can see new highs.)

Torrent Power.

For delivery one can check JB Chem:

As per Religare Security Reports:
J.B.Chem, after improving for a period of 20 months
from a low of Rs.47.50 in July 2004 to a high of
Rs.139.50 in February 2006, has declined to a level of
Rs.71.20. At the current price of Rs90, it is trading in
2C ZONE i.e. short term average has moved below
the medium term average which in turn remains above
long term average and the current price is placed
between medium term and long term averages. Buy at
declines in the range of Rs.84-87 with a stop loss
below Rs81.50 for a conservative upper target of
Rs.106 and an optimistic target of Rs.118. Holding
period can be 3-4 months.

Watch out for positive moves on Praj Ind, Reliance Infr and Tata Steel.

On Shorting side one can consider GTL which has heavy resistance at 150-152/=.

Regards,
Bhavin Mehta.
HAPPY NEW YEAR 2007.