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GVK Power & Infrastructure
Buy Price: Rs 44 Target Price (Mar 10): Rs 50

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First Day, First Show

JP Associates (Rs. 240)

Buy only in the region 239-241 with a stop loss
below 237 for an intra-day target of 247 and 250.

BUY SOFTSOL INDIA AT 45/- 2008-09 EPS 14.5/- PE JUST 3; BOOK VALUE 83/- BUY BACK AT 55/-. COMPANY HAVING GOOD FIXED ASSETS AND GOOD RESERVES. EQUITY COMPANY DECLARED GOOD RESULTS FOR THE YEAR 2008-09 WITH TURNOVER 105 CR AND NET PROFIT OF 31.5 Cr. EPS 14.5 AS PER THIS PE 3. COMPANY APPROVES THE BUY BACK AT 55/- FOOD RSERVES. Share Holding pattern : Promoters Holding 58% Public only 9% others 31%. Buy at 45/- with Target of 65/-

BUY NIFTY ABV 4625 SL 4605 TGT 4648,4670,4698

SELL NIFTY BLW 4605 SL 4528 TGT 4582,4560,4532

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NIFTY View for 31/7/2009,

Buy NIFTY Target 4680-4700

Intraday cal for 31/7/2009,

BSE Sensex: (15388) we said ‘we now have a F&O expiry and a close below 15000 would make the market bearish’ the market never traded below 15000 and managed to stay above it and closed positive for the day… come to think of I had expected a flat close because technically the market had generated a good sell few days earlier…but the market closed surprisingly Strong because it was the short squeeze that drove the market up…now the day ahead is a very important day as now the shorts have covered and it will only be a fresh buying that will take the market up. Friday is the last day of the week and also last day of the month and the market is at cross roads now and who knows what will happen?

Indian ADRs ended mostly lower on Wednesday. In the IT space, Satyam Computers was down 3.81% at $ 5.05, Infosys was down 1.09% at $ 41.56, Wipro was down 0.07% at $ 14.14 while Patni Computers was up 3.51% at $ 12.37.

* The predictions for every phase should be considered only after comparing them to the predictions for the previous phase.