Indian markets are likely to open in the positive and Stock specific activity is likely to continue with sector. Nifty looks all set to break the resistance in 5840 –5850 range. Then usual profit booking which we see again, Global markets are in better shape and oil prices are hovering around the US$89 per barrel mark. Auto stocks will attract some attention due to the release of the monthly sales data. Maruti has reported strong numbers. Hero Honda has managed to beat the negative growth trend in the two-wheelers segment. IFCI will be in action as a financial daily reports that it has decided to sell up to 20% stake to IFC, the World Bank's private arm.
Reliance Energy will remain in the limelight. The promoters have decided to inject Rs80bn in the company to help it fund the two UMPPs at Sasan and Krishnapatnam
Realty is likely to perform this month
Mid cap stock on fire watch out for it to know more subscribe
RNRL to see more than double centuary in december
ADAG owned Reliance Energy is said to be recieving Rs.8,000 crores from the promoters.
GMR Infrastructure is eying for an international airport in the central Europe. The stock is likely to be in action in the coming days
Land sale is likely to ignite MTNL(Rs.171.85) stock. Watch for a big move above the double century mark.
Alok Industries Buy for a target of 85 and above for 5 days
Stock to watch RELIANCE ENERGY,HIND OIL,MERCATOR LINE, HOTEL LEELA
LOTS OF OTHER INTRADAY,BTST,INVESTMENT CALLS
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