Nifty btst will give huge profit ..book around 4555 levels and wait for further instruction
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Stocks on Dalal Street are set to roar after being mum for more than a week. We expect some buying to come in on the opening bell and there might be some short covering, that could boost the indices. Expect the benchmark index or the Sensex to gain nearly 300 points or 2 percent for the day
Realty and Healthcare stocks dominated the day with decent gains, where as metals and IT were on the receiving end. Realty stocks like DLF moved against the tide helped by DLF and Unitech. Banking stocks were flat to negative, but today might there is a string chance that these stocks will be one of the major gainers in today's trade.
As recommended Natco Pharma vaulted and was locked in circuit on huge volumes, we see some speculative buying and there might something cooking in the counter. There was some insider buying in the beginning of the year in this counter. Agri commodity related stock spiked up as traders placed bets that the prices of food product might spike due to drought conditions. LT Overseas, KCP Sugars, Kohinoor Foods, Heritage Foods and Ruchi Soya were some of the gainers in this space.
Prism Cement continued to gain and has some more room to move even after a decent run up. We recommend booking profits in Sugar stocks on an up move , as the rise has been too far and too fast.Also book partial profits in Hind Oil Exploration as the stocks has skyrocketed in the past few sessions.Karuturi Global, ICSA,Webel SL enery are some of the stocks to watch in today's trade