SELL STEEL STOCKS
Sell Tata Steel Target 191, 189
Indian markets are expected open in red but due to tax cuts in interim budget some pull back at lower levels is expected. Watch out IIP numbers to be announced today. Market may react to these numbers
Expect Realty, Banking and Metal stocks to take a beating in today's slide.
Airline stocks might remain firm as the carriers are mulling a price hike to overcome the hurdles they are facing in the current economic turmoil.
PTC on plans of a PE firm and Power Grid on plans of a Overseas subsidary might see a small correction in a falling market.
Ranbaxy is another stocks that is looking relatively safer in the current circumstances as the news of the US Food and Drug Administration approval to launch the generic version of GlaxoSmithKline Plc.’s anti-migraine medicine Imitrex, might curb a sharp fall in the share price from the Rs 230 levels.
The market is expected to open in red and might see deep correction in the first half of the trading day. The longterm fundamentals are still in tact. There might be some profit booking and some short selling, that ,might further cause a steep fall. Traders are advised to stay on the sidelines for the day.
Govt. is Considering to Cut STT as Much as 5% , Currently It's 15% !!! , Now, Get Ready to Pay Only 10% STT !!! Govt. is All Set to Announce this News Very Shortly ....
Expect a 5% Cut on STT , Anytime, in Next Few Days