The opening moments will be dominated more by Oil India’s listing. The market will be keen to see how the stock behaves after a tepid debut for Adani Power and NHPC. We expect another positive start though Asian stock markets are mixed after overnight losses on Wall Street. If global cues remain indecisive the market might just turn choppy again being a curtailed week
Short term traders are advised to play in Midcaps as this space continues to outperform the rest of the market and is likely to ignore the market trend. India Cements might be active on the bourses on the company's plans to invest Rs 500 crore in two 50 MW power plants. Investors with some risk appetite could look at accumulating fertilizer stocks like Nagarjuna Fert and Chambal Fertilizers as we believe that there will be a run up in these stocks in the case of a rally beyond 17,000 on the Sensex
Two Consecutive Close Above...16990.50 Mark........Will Take BSE SENSEX....More Higher....And One Can Expect a Levels