SVPCL, a leading paper products manufacturer in South India, is open for subscription with a public issue of Rs 34.50 crore, till October 26, through a 100 per cent book-building process. The price band has been fixed at Rs 40-45 per equity share of Rs 10 each

Recently market has witnessed historic highs and historic volatility. Finance Minister, very rightly noticed on two occasions; on one he noticed that I am not concerned about the gamblers who enter a stock at 10 AM and tend to leave out at 10:10 AM and second when he cautioned against entering market at this stage.

[11:30] Buy century Textiles Aug fut in the range of 765-769(fut) and keep a SL at 759(fut)
Sell HDIL August Fut@ 538-542, SL-548, Tgt-510-515, TF-2-3days Buy UTI Bank August Futures at 584-586 (Futures) and Keep SL at 580 (Futures)
Buy Axis Bank August Futures at 584-586 (Futures) and Keep SL at 580 (Futures)

Notwithstanding a good monsoon that portends well for rural demand, the other two key drivers of the economy, exports and investments, are showing signs of moderation as a result of successive rise in interest rates and appreciating rupee,- Not good for stock market. This week, dow trend would set the new levels for indian indices

Buy JP Associate aug fut in the range of 835-837(fut) and keep a SL at 830(fut)

India's wholesale price inflation rate is forecast at 4.05% for the 12 months
to August 11, steady from the previous week, according to a poll of 10
analysts.- Watch Index

Buy Electotherm at 451 for a target of Ts 725

Buy ONGC Aug fut in the range of 792-794(fut) and keep a Sl at 786(fut)

Buy Reliance Aug fut in the range of 1762-1765(fut) and keep a Sl at 1754(fut)

Yesterday the market opened higher but failed to sustain gains.
Actually the market has lost so much in past 15 days that with each gain, profit booking will set in. This does not reflect the weakness of market. Shares like SBI, REL, Unitech and Reliance hold promise. Yesterday after the strong recovery, the market never looked back in the latter part of the day.

Even though the market sentiment has turned positive the medium-term trend is still negative. Look for select buying opportunities in which growth is clearly visible.

Buy ICICI Bank at 825 for a target of 1070

Buy RCOM at 506, Target 517

Buy Reliance Aug fut in the range of 1793-1796(fut) and keep a SL at 1985(fut)

Selling appears gap of nervous investors, hold positions

The current phase of the market would be an opportunity to invest in the stocks you feel convinced

Buy Kirloksar Oil at 330, Target 400 in 2 month

DLF is set to close the Swatantra Bharat Mills real estate deal with DCM
Shriram Consolidated for over Rs.16 bn. This will be the largest private sector
land deal in the country and will give DLF access to about 38 acres of prime
land.

In what could be a major input to solve the vexed issue of gas pricing, the
Prime Minister's Economic Advisory Council has endorsed the gas price
discovered by Reliance Industries by inviting bids from large consumers in
the domestic market.- watch this counter