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OUR BTST - BHARATI AIRTEL
Nifty (5955) Sup 5902 Res 6036
The Sensex and the Nifty may close above 20k and 6k, respectively today. Trading will be choppy as investors may develop cold feet with the indices at new lifetime highs. Small-cap and Mid-cap stocks will continue to hog the limelight. We expect another strong start and hopefully, a better closing than yesterday.
FII Gross purchases Rs 5515 Cr, Gross sales Rs 4434 Cr, Net Buyers Rs 1081 Cr.
MF Gross Purchases Rs 1098 Cr, Gross Sales Rs 1290 Cr, Net Sellers Rs 192 Cr.
Stocks in News:
Eicher Motors could attract attention amid reports that it could form a JV with Swedish CV major Volvo.
Reliance Communications gets all-India GSM license from DoT. (ET)
Glaxo pulls-out patent applications of two anti-AIDS medicines in India. (ET)
Bank of England reduced interest rates indicating that Fed rate cut is almost on cards. Though the market is discouting 25 basis point cut Bull run always looks for an excuse for big jumps.
Unitech is another stock in limelight after the company announced the plans of major expansion and de-merger of the retail business
Gammon India(Rs.600.20) is in the buy list of savy funds. WE expect 700 levels soon
STOCK ON RADAR - IDEA,UNITECH,BHARATI,HTML GLOBAL.........
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