Weekly NIFTY Technicals , News Letter and Stock Ideas

Markets were volatile last week.
Get NIFTY Technicals here.

No special news this week.
Adani Power IPO which was offered at Rs100 opened at 8% premium.

Sectors on which we are bullish this week :
IT.
Pharma.

Stocks to watch out for this week :

Aurobindo Pharma : Buy above 690 for targets of 720 and 735. SL of 681

MNM : Buy above 800 for targets of 820 and 845. SL of 792

TATA Motors : Buy above 430 for targets of 440 and 448. SL of 425

Happy Investing!

Read Oil India IPO Review.

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OIL India IPO Trends, Analysis and Review

OIL India IPO has been announced as the next Big IPO from Government sector.
OIL India Ltd is the second biggest Oil and Natural Gas company in India.
The company has already filed DHRP with SEBI. Govt of India has decided to sell 10% Equity in this company and promoter stake will fall to 78% after the offering.

IPO Date: Will open for Subscription on September 7 2009 and closes on 11th Sept.
Price Band: Yet to be announced.Rs.1200 to Rs. 1450

We have posted research Reports here : <Oil India IPO Review and Analysis
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