DERIVATIVE PICK - MEDIUM RISK / MEDIUM RETURN - HOLDING PERIOD - FIFTEEN DAYS to ONE MONTH

DERIVATIVE PICK - MEDIUM RISK / MEDIUM RETURN - HOLDING PERIOD - FIFTEEN DAYS to ONE MONTH

ICICI BANK ( Rs.727) : The stock was a clear outperformer especially on a day when the rest of the market was showing a lot of weakness. The stock has closed on a strong note and both the 14 day RSI and StochRSI has given fresh buy signals. Buying is advised above Rs.730 with a stop loss of Rs.719 for a target price of Rs.742 and Rs.754.

SATYAM COMPUTER ( Rs.448) : All tech sector stocks are showing a lot of strength and amongst these Satyam has the best pattern. We expect the stock to move up from the current levels and once the results are announced the move can be very sharp and swift. Buy above Rs.450 with a stop loss of Rs.442 for a target price of Rs.462 and Rs.468.

Muhurat Trading on 21st October 2006 - Timings

Please note that both Exchanges are conducting special trading sessions on Saturday, October 21, 2006 for muhurat trading on account of Diwali.

Market Opens - 6.15 p.m.
Market Closes - 7.30 p.m.

Post Closing:
Starts - 7.50 p.m.
Ends - 8.00 p.m .