Bad cues to start with...May 08

We have bad global cues to start with. However, do not short at lows. NIFTY has good support at 5000 - 5050 support.

POSITIONAL
CAIRN - BUY on dips and hold for 290+
IDBI - BUY around 100(wait for this price) and hold for target 107

INTRADAY
PUNJJLLOYD - CMP 353.4 SHORT target 349, 342. SL - 360
JP HYDRO - CMP- 67.95. SHORT target 64.5. SL - 69

FOLLOW UP ON YESTERDAY'S CALLS
TISCO yielded good profits. Position was closed at 838 as there were signs of exhaustion. 811 to 838 - 10000 rs profit
BOTH TATA CHEMICALS and JP ASSOCIATES reached their targets.

All yesterdays calls were 100% SUCCESSFUL. Do you want more???? Add travellin_techie on yahoo messenger....