Thursday, December 6, 2007

The Sensex is currently trading at 19,943, up 205 points from the previous close. Nifty is at 6000, up 60 points. BSE Midcap and Smallcap indices are up 1.1% and 1.7% respectively. All BSE sectoral indices are trading higher, except the BSE Consumer Durables index. Banking, realty and metal stocks seem to be in demand.

Ispat Industries has a near term target of Rs 85-88, says Shrikanth Chauhan, technical analyst with Kotak Securities, on NDTV Profit. The stock is currently trading at Rs 73.30, up over 7% on the BSE.

FDC can go up to Rs 43-44, where it may face a strong resistance, says Rahul Mohindar, technical analyst, on CNBC Awaaz. So do not invest in this stock with a long term view, he suggests. It is currently trading at Rs 40.75, up 9.3% on the BSE.

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