Stocks on Dalal Street are likely to move sideways after a fierce rally in equities on Monday. Expect the benchmark index or the Sensex to trade in a narrow band. The markets might open higher, but we expect some profit booking coming in at higher levels.
Nifty not crossed 4845 spot see Profit booking coming to --
Be stock Specific only
Ifci and Reliance on Radar list for Postional
IFCI plans to raise around Rs10bn from the market through a bond issue
Daily trend of FII/MF investment in equities
On September 06 2009, FIIs were net sellers of stocks to the tune of Rs57 crore (purchases worth Rs2208 crore and sales of Rs2265 crore).
Stocks with +ve bias – Sterlite (SL 699), Unitech (SL 111)
Stocks for short term delivery – Dena Bank (SL 51), Deep Ind Cmp 85
Stocks for Investment – United Phos, Bajaj Holdings, Apollo Tyres & ADSL