Stock Picks For October 21, 2010.

Stock Picks For October 21, 2010.

Buy:

1. Ashok Leyland Limited

Entry Level: 75 - 76
Target:  - 77 - 78 and above
Stop Loss: 74 or as per your risk appetite.

2. ABG Shipyard Limited

Entry Level: 325 - 327.50
Target: - 330 - 333 and above
Stop Loss: 322 or as per your risk appetite.

3. Fresenius Kabi Oncology Limited

Entry Level: 138 - 138.50
Target: - 139.50 - 140.50 and above
Stop Loss: 137 or as per your risk appetite.

4. Grabal Alok Impex Limited

Entry Level: 55.50 - 56.50
Target: - 57.50 - 58.50 and above
Stop Loss: 54.50 or as per your risk appetite.

Note: Keep booking partial profits and keep increasing the stop loss with every significant rise in the stock price or try to make the stop loss atleast your buying price. If a stocks opens high and reach the buy/sell level only in the second half of the day (after 12.30 PM), please do not initiate a trade.

Happy Trading!

Disclaimer: The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Traders should take decision using their own discretion. The calls are given after thorough study but is not guaranteed as to accuracy and completeness.