Thursday, November 1, 2007

The market seems to have given up its gains to profit booking. The Sensex has slipped over 400, 41 points form the previous close. Nifty is at 5898, down 2 points. Market breadth has turned extremely weak, with advances at 351 and declines at 807 on the NSE.

Marico is a buy at current levels and even if it falls to Rs 65 or so, says Hitendra Vasudeo, technical analyst, on CNBC-TV18. In the short to medium term, it can go up to Rs 85-88 and i9n the longer term, much beyond that, he adds. It is currently trading at Rs 68.50, up 1.6% on the BSE.

If Maytas Infra can trade consistently above Rs 700, then it can go up to Rs 863 or even Rs 900, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. But on the downside, it can dip towards Rs 660, he adds. He believes the stock will be a little volatile from here. It is currently trading at Rs 745, up 1.1% on the BSE.

points form the day's high and is currently trading at 19,796, down

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