Buy Akruti City above Rs 1210. Stop Loss of Rs 1187, target of Rs 1239-Rs 1247-Rs 1270. (Intra-day/Positional Call)
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Corporate News Headline
•    Tata Motors has entered into an understanding with State Bank of Travancore for financing its range of passenger vehicles. (BS)
•    IIFCL is planning to raise USD 250 mn from overseas market for funding seven projects, including Reliance Power Sasan power project and Tata Power’s Mundra power project. (BS)
•    National Aluminium is planning to import as much as 150,000 MT of coal next month to avoid disruptions in production. (Bloomberg)
Economic and Political Headline
•    The government has imposed up to 35% safeguard duty on specified aluminium products to protect …

Buy Dena Bank on declines with stop loss of Rs 28 for a target of Rs 36
Buy Nifty 2600 March Call at Rs 69
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Corporate News Headline
•    Tata Communications has dropped the option of rights issue as of now and will incur a capex of USD 400-500 mn in 2009-10. (BS)
•    Nagarjuna Construction has bagged three new contracts aggregating Rs. 2.63 bn. (BS)
•    Cairn India is planning to spend as much as USD 1.8 bn in 2010 and 2011 to produce crude oil from its field in Rajasthan. (Bloomberg)
Economic and Political Headline
•    Industrial output showed negative growth for the second month in a row, the decline being 0.5% in January, highlighting that stimulus packages …

Sell Tata Steel on rallies with stop loss of Rs 168 for targets of Rs 145-Rs 140
Buy McLeod Russel only on sharp decline with a stop loss between Rs 42-Rs 40 for short-term targets of Rs 54—Rs 58
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