Some more for 14th May'07

Market may open positive and would continue showing strength.

ZEEL : Trade long if it stays above 280 with profit target(1) 299 and target (2) 303 and stop loss 269.5. Profit may be optimised by adopting incremental stop loss.

VOLTAS : Trade long if it opens positive and add further if it crosses 93.6 with stop loss 89.75. Profit target (1) 96.5, target (2) 98.5.

VIJAYABANK : Swing trade long on Vijayabank with stop loss 45.85 and profit target (1) 49.75, target (2) 52. Position may be incresed if it crosses 54 and trade should be managed with trailing stop loss.

Market on 14th May'07

Bank to enter private equity, venture capital. The State Bank of India (SBI), India’s biggest lender, plans to raise Rs 15,000 crore within the current financial year to bolster capital and meet the growing credit demand. : Courtesy Business Standard

State Bank of India (SBI) has informed BSE that the meeting of the Central Board of the Bank held on May 12, 2007, inter alia, has declared a dividend of Rs 14 per share for the year ended March 31, 2007. : Courtesy Bombay Stock Exchange.

Strategy on SBI : Take position on SBI as long as it trades above 1150 with stop loss 1108 and profit target (1) 1250 and target (2) 1300. Further position may be added if it continues to trade above 1200 more than two days.

Strategy on SAIL : If metal sector shows strength then swing tarde on SBI if it stays above 135 with profit target 144 and stop loss 132. Position may be increased on closing basis if trade crosses 144.4.