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Friday, October 30, 2009
Thursday, October 29, 2009
Bears tighten their grip on Dalal Street, F&O expiry to be the key
Stocks on Dalal Street are likely to take a beating once again after taking a plunge on Monday. Expect the benchmark index or the Sensex to lose close to 1 percent or 150 points for the day. F&O expiry might influence the moves in the markets to a greater extent.
Asian markets tumbled in early trade as investors dumped equities.Japanese shares suffered broad losses in early Thursday trading in Tokyo, with oil and auto-maker shares among the bigger losers. Japan's Nikkei 225 Average fell by 2% to 9,873.95 sinking below 10,000 for the first time since and the Topix lost 1.5% to 875.47. Australia's ASX 100 lost more than a percent in early morning trades.
Signs of a weaker housing market and a gloomier outlook on the economy gave investors more reasons to dump stocks.The Dow Jones industrial average lost 119 points, or 1.2 percent, in its third straight triple-digit drop.The Standard & Poor's 500 index slid 20.78, or 2 percent, to 1,042.63. The Nasdaq dropped 56.48, or 2.7 percent, to 2,059.61.
We seen a great deal of resilience inspite of negative global cues yesterday.Rs to Realty and Tech stocks led the bounce where as the banking sector took a hit. We see some selling coming in, in the technology space today. We advice traders to stay out of the markets in this volatile environment. Today, being the F&O expiry date might increase the confusion about the direction of the markets.
Think Soft proved to be a great short idea yesterday, as the stock opened at Rs 215 and hit a low of RS 183 providing good opportunity for the shor sellers. We advice risk takers to go short in this scrip again at Rs 225 levels.The sugar story looks to sweetened, so book profits in Balrampur Chini and Bajaj Hindustan at current levels. Stay away from stocks like Educomp Solutions, Sasken Communications and HDIL as these are too risky to bet ahead of the quarterly results.
Asian markets tumbled in early trade as investors dumped equities.Japanese shares suffered broad losses in early Thursday trading in Tokyo, with oil and auto-maker shares among the bigger losers. Japan's Nikkei 225 Average fell by 2% to 9,873.95 sinking below 10,000 for the first time since and the Topix lost 1.5% to 875.47. Australia's ASX 100 lost more than a percent in early morning trades.
Signs of a weaker housing market and a gloomier outlook on the economy gave investors more reasons to dump stocks.The Dow Jones industrial average lost 119 points, or 1.2 percent, in its third straight triple-digit drop.The Standard & Poor's 500 index slid 20.78, or 2 percent, to 1,042.63. The Nasdaq dropped 56.48, or 2.7 percent, to 2,059.61.
We seen a great deal of resilience inspite of negative global cues yesterday.Rs to Realty and Tech stocks led the bounce where as the banking sector took a hit. We see some selling coming in, in the technology space today. We advice traders to stay out of the markets in this volatile environment. Today, being the F&O expiry date might increase the confusion about the direction of the markets.
Think Soft proved to be a great short idea yesterday, as the stock opened at Rs 215 and hit a low of RS 183 providing good opportunity for the shor sellers. We advice risk takers to go short in this scrip again at Rs 225 levels.The sugar story looks to sweetened, so book profits in Balrampur Chini and Bajaj Hindustan at current levels. Stay away from stocks like Educomp Solutions, Sasken Communications and HDIL as these are too risky to bet ahead of the quarterly results.
Wednesday, October 28, 2009
Markets look to recover after a steep fall
After reaction, its time for some action now. The market appears to have made a hasty exit just as the RBI tone signaled the beginning of the end of easy monetary policy. A few surprisingly hawkish steps and comments unveiled in the RBI’s mid-year policy review set the cat among the pigeons. A hike in SLR, some tightening of lending norms and hike in inflation expectation sent a clear message that the soft corner shown during the economic upheaval will no longer be available. But, the market may have overreacted. What made the matters worse were persistent weakness in global markets and a couple of less enthusiastic numbers.
So, expect a bounce back though the start may still be a nervous one due to mixed external trend. RIL will announce its results tomorrow and numbers could match expectations as there is usually some treasury gain to bank on. With F&O expiry just a day away, further short covering could set in. Nifty Nov futures managed to end at a slight premium to the spot Nifty price
We are of the opinion that the markets were ripe for correction and RBI meeting was just an excuse. Realty was a major loser as funds dumped the stocks in this sector. We advice investors to get rid of the stocks in this sector if there is a bounce back. Metals and Banking were also week and were among the major losers yesterday. Sesa Goa was down 12 percent and was a major loser on rumors that the the company is subjected to enquiry by Serious Fraud Investigation Unit. The company denied the rumors later. However,the stock is priced to perfection and should be avoilded now.
Think Soft Global is one stock that defied the market direction and managed to close up by 20 percent and was traders favorite on Tuesday. We see the stock gaining intial hours and provides a good short selling opportunities, if it goes above Rs 225. We see the market gaining in the first hour of trade providing good opportunity for the weak hearted to exit.PTC India, prime Securities, Fedders Lloyd and Zensar Technologies are some of the stocks to watch out in today's trade.
So, expect a bounce back though the start may still be a nervous one due to mixed external trend. RIL will announce its results tomorrow and numbers could match expectations as there is usually some treasury gain to bank on. With F&O expiry just a day away, further short covering could set in. Nifty Nov futures managed to end at a slight premium to the spot Nifty price
We are of the opinion that the markets were ripe for correction and RBI meeting was just an excuse. Realty was a major loser as funds dumped the stocks in this sector. We advice investors to get rid of the stocks in this sector if there is a bounce back. Metals and Banking were also week and were among the major losers yesterday. Sesa Goa was down 12 percent and was a major loser on rumors that the the company is subjected to enquiry by Serious Fraud Investigation Unit. The company denied the rumors later. However,the stock is priced to perfection and should be avoilded now.
Think Soft Global is one stock that defied the market direction and managed to close up by 20 percent and was traders favorite on Tuesday. We see the stock gaining intial hours and provides a good short selling opportunities, if it goes above Rs 225. We see the market gaining in the first hour of trade providing good opportunity for the weak hearted to exit.PTC India, prime Securities, Fedders Lloyd and Zensar Technologies are some of the stocks to watch out in today's trade.
Tuesday, October 27, 2009
Nifty Below 4950 As said yesterday
Book Nifty Stbt in good profits
Lower opening on Cards, All eyes on RBI
Unitech, Suzlon, DLF Ltd, Jaiprakash Associates and Idea Cellular were among the major losers among the NSE-50 space and these scrips might continue to extend their losses in to today's session. The new listing, Thinksoft Global Services closed at Rs 164.30 on the Bombay Stock Exchange on Monday, up 31.44 per cent against the issue price of Rs 125.This is the best performance by far, by any IPO in the current financial year.
We are headed for a lower open this morning and things might get worsen depending on central bank stance on the interest rate. We believe that there will be no change in the interest rates, but the bank might moot raising the CRR, which might spoil the mood. Any positive surprise might fuel a rally as lot of shorts will run for cover, if this happens.
Book profits in Think Soft, as the company is clearly over valued at current levels. Also, stay away from banks as they will be under tremendous selling pressure, barring some good news from the RBI.Abhishek Ind, Crompton Greaves, IFCI, Jet Airways, Reliance Power and RNRL are some of the stocks to watch out in today's trade, ahead of the earnings tomorrow
Lower opening on Cards, All eyes on RBI
Unitech, Suzlon, DLF Ltd, Jaiprakash Associates and Idea Cellular were among the major losers among the NSE-50 space and these scrips might continue to extend their losses in to today's session. The new listing, Thinksoft Global Services closed at Rs 164.30 on the Bombay Stock Exchange on Monday, up 31.44 per cent against the issue price of Rs 125.This is the best performance by far, by any IPO in the current financial year.
We are headed for a lower open this morning and things might get worsen depending on central bank stance on the interest rate. We believe that there will be no change in the interest rates, but the bank might moot raising the CRR, which might spoil the mood. Any positive surprise might fuel a rally as lot of shorts will run for cover, if this happens.
Book profits in Think Soft, as the company is clearly over valued at current levels. Also, stay away from banks as they will be under tremendous selling pressure, barring some good news from the RBI.Abhishek Ind, Crompton Greaves, IFCI, Jet Airways, Reliance Power and RNRL are some of the stocks to watch out in today's trade, ahead of the earnings tomorrow
Monday, October 26, 2009
Mid cap banking in Pressure
The Nifty could swing in a 5000-5100 range in the near term. On the downside, watch out for 4940 and 4825.
Banks will be in the limelight ahead of tomorrow’s RBI policy review
Looks like the bulls are suffering from fatigue after a seven-month rally. Most of the good news appears to have been discounted. The road ahead will be a little bumpy as the bulls look for incremental positive news. Today we expect the market to open on a cautious note
Monday is likely to be a busy day as a lot of companies are reporting results. Some of the companies to watch are Bharti Shipyard, Dabur India, Empee Distilleries, GMR Infra, Harrison Malayalam and Kalindee rail are some of the stocks to keep a close eye on. Overall, not a great day for bulls. But do not go short in the market, as we believe that the market is likely to recover from a gap down open
We like Jubilant at current levels as the company guidance for 2010 is great and there might be a short term trigger for the scrip, as the company plans to divest a part of ist speciality chemical business in the coming days. We recommend a buy n the stock after some consolidation at Rs 225 levels.
Banks will be in the limelight ahead of tomorrow’s RBI policy review
Looks like the bulls are suffering from fatigue after a seven-month rally. Most of the good news appears to have been discounted. The road ahead will be a little bumpy as the bulls look for incremental positive news. Today we expect the market to open on a cautious note
Monday is likely to be a busy day as a lot of companies are reporting results. Some of the companies to watch are Bharti Shipyard, Dabur India, Empee Distilleries, GMR Infra, Harrison Malayalam and Kalindee rail are some of the stocks to keep a close eye on. Overall, not a great day for bulls. But do not go short in the market, as we believe that the market is likely to recover from a gap down open
We like Jubilant at current levels as the company guidance for 2010 is great and there might be a short term trigger for the scrip, as the company plans to divest a part of ist speciality chemical business in the coming days. We recommend a buy n the stock after some consolidation at Rs 225 levels.
Friday, October 23, 2009
Pay back time for the bears, Stocks poised to surge
Bulls are all set to go for a kill on opening bell after a terrible day yesterday
As mention yesterday Nifty close above 4980 is good ,result is in front of you today
Bang overseas is one stock that is looking interesting in a disappointing market. The stock after falling to a 52 week low of Rs 43 hit two consecutive circuits to end the day at Rs 58. Cambridge Solutions, Finolex Cables and Granules India were other stocks that remained strong and stood out in the falling market.
3i infotech Ltd is one stock to keep a close eye on ahead of the quarterly numbers. The stock looks attractive at Rs 93 and might provide a positive upside with its quarterly numbers. Expect a target of Rs 110, on this stock if all goes well.Alpha Geo, Core Projects and Dr Reddy Labs are some other stocks to watch out in today's trade.
Overall, it might pan out to be a great day for the bulls after a free fall for the past few days. We recommend short term traders and investors to buy stocks as there is likely hood for short term rally in the markets and who knows, a new 52 week high for Sensex might be in the offing for the Sensex next week
As mention yesterday Nifty close above 4980 is good ,result is in front of you today
Bang overseas is one stock that is looking interesting in a disappointing market. The stock after falling to a 52 week low of Rs 43 hit two consecutive circuits to end the day at Rs 58. Cambridge Solutions, Finolex Cables and Granules India were other stocks that remained strong and stood out in the falling market.
3i infotech Ltd is one stock to keep a close eye on ahead of the quarterly numbers. The stock looks attractive at Rs 93 and might provide a positive upside with its quarterly numbers. Expect a target of Rs 110, on this stock if all goes well.Alpha Geo, Core Projects and Dr Reddy Labs are some other stocks to watch out in today's trade.
Overall, it might pan out to be a great day for the bulls after a free fall for the past few days. We recommend short term traders and investors to buy stocks as there is likely hood for short term rally in the markets and who knows, a new 52 week high for Sensex might be in the offing for the Sensex next week
Thursday, October 22, 2009
Reality Space weak
We see the market opening lower followed by a dip of nearly 200 points. Do not short this market, as we believe that there will be a rebound in the later half of the day, as we have been sliding for the past few days.
Allahabad Bank, Bhushan Steel, Biocon Ltd, Hanung Toys and Global Spirits are some of the stocks that are worth keeping on the radar ahead of the earning reports
CAIRN on Radar
ONLY Above 5080 Nifty Bulls take charge
Allahabad Bank, Bhushan Steel, Biocon Ltd, Hanung Toys and Global Spirits are some of the stocks that are worth keeping on the radar ahead of the earning reports
CAIRN on Radar
ONLY Above 5080 Nifty Bulls take charge
Wednesday, October 21, 2009
Book nifty Stbt with Profits
Hpcl to Rock
Stocks on Dalal Street are likely to trade in a narrow band after taking beating due to the feud between the Ambani brothers. Expect the Sensex to trade within a band of 50 to 60 points as we do not see any decisive move in one direction in the near term
We recommend staying away from Realty and Banking stocks in the short term, as we believe that they have run up too much and too fast.
Tech Mahindra is likely to be under severe pressure today after reporting disappointing numbers with profits down more than 44 percent for the quarter. The company's new acquisition Satyam computers is now under the gun as the company might be delisted from NYSE for not filing its quarterly reports.we do not think it is a possibility. We recommend shorting Tech Mahindra at Rs 941 for decent profit.
Midcap space remained in limelight even on a down day. XPRO India, Pritish Nandy Communications, Welspun India and Hexaware Technology and Bajaj Hindustan were among major gainers yesterday. As recommended the new listing Euro Multivision remained subdued and lost more than 6 percent to close at Rs 41.
Allahabad Bank, Bhushan Steel, Edserv Systems, Hanung Toys and Larse Toubro are some of the stocks to keep an eye on for today's trade.Yes Bank is another stock that is in a new range at Rs 254. The stock gained more than 4.8 percent after investment bank Morgan Stanley came out with a bullish note on the stock
Stocks on Dalal Street are likely to trade in a narrow band after taking beating due to the feud between the Ambani brothers. Expect the Sensex to trade within a band of 50 to 60 points as we do not see any decisive move in one direction in the near term
We recommend staying away from Realty and Banking stocks in the short term, as we believe that they have run up too much and too fast.
Tech Mahindra is likely to be under severe pressure today after reporting disappointing numbers with profits down more than 44 percent for the quarter. The company's new acquisition Satyam computers is now under the gun as the company might be delisted from NYSE for not filing its quarterly reports.we do not think it is a possibility. We recommend shorting Tech Mahindra at Rs 941 for decent profit.
Midcap space remained in limelight even on a down day. XPRO India, Pritish Nandy Communications, Welspun India and Hexaware Technology and Bajaj Hindustan were among major gainers yesterday. As recommended the new listing Euro Multivision remained subdued and lost more than 6 percent to close at Rs 41.
Allahabad Bank, Bhushan Steel, Edserv Systems, Hanung Toys and Larse Toubro are some of the stocks to keep an eye on for today's trade.Yes Bank is another stock that is in a new range at Rs 254. The stock gained more than 4.8 percent after investment bank Morgan Stanley came out with a bullish note on the stock
Tuesday, October 20, 2009
Time to Earn Not to loose
Investors are advised to focus on stocks related to oil after Oil topped $79 a barrel, extending its longest winning streak in two years.On Nymex Crude oil for November delivery rose $1.01, or 1.3 percent, to $79.54 a barrel. Watch out for stocks like Cairn India, Oil India and Shiv-Vani Oil exploration.
Escorts is one stock that is looking interesting on the charts. The stock has clocked a volume of nearly 3.5 million shares and has gained 8 percent in the Muhurat session. There are rumors of the company unlocking value in the land bank it owns. Shree Precoated Steels was another counter that saw heavy trading in the one hour session on Saturday. The stock spiked more than 12 percent with more than a million shares traded in the counter. Definitely a stock to keep on the radar.
New listing Euro Multivision has seen some life after getting clobbered to mid 40 level after issuing stock at an IPO price of Rs 75. The stock gained more than 7 percent for the day. We recommend traders to play in this stock from a speculative stand point as there are the company is fundamentally weak.
Polaris will be in deck today and is likely to report Q2 numbers in line with expectations. Meanwhile NIIT technologies declared great numbers for the quarter registering more than 25 percent growth year on year. Sterlite Technologies and Apollo Tyres are other stocks to watch out. We recommend traders to Buy Omnitech Info and Agrotech Foods ahead of their numbers later this week
Escorts is one stock that is looking interesting on the charts. The stock has clocked a volume of nearly 3.5 million shares and has gained 8 percent in the Muhurat session. There are rumors of the company unlocking value in the land bank it owns. Shree Precoated Steels was another counter that saw heavy trading in the one hour session on Saturday. The stock spiked more than 12 percent with more than a million shares traded in the counter. Definitely a stock to keep on the radar.
New listing Euro Multivision has seen some life after getting clobbered to mid 40 level after issuing stock at an IPO price of Rs 75. The stock gained more than 7 percent for the day. We recommend traders to play in this stock from a speculative stand point as there are the company is fundamentally weak.
Polaris will be in deck today and is likely to report Q2 numbers in line with expectations. Meanwhile NIIT technologies declared great numbers for the quarter registering more than 25 percent growth year on year. Sterlite Technologies and Apollo Tyres are other stocks to watch out. We recommend traders to Buy Omnitech Info and Agrotech Foods ahead of their numbers later this week
Monday, October 19, 2009
Diwali Dhamaka Picks
We expect companies like Sadbhav Engineering, HCC, NCC, IRB Infrastructure and C & C Construction, Gujarat Apollo equipments will benefit from this planned investment in roads and highways. Of these, IRB Infrastructure is our top pick
GAIL, GSPL and Gujarat Gas are the companies which are into gas transmission in India. Our top pick is GSPL- A Pipeline Company which is at the right place; at the right time.
CMC, Rolta, KLG Systel, NIIT, Wipro and Genesys are some the companies active in the space. Our top pick is Gnesys International:
Others Like Ceat,Canarabank,Bank of Baroda,Suzlon Ahluwalia Contracts India can be added too
GAIL, GSPL and Gujarat Gas are the companies which are into gas transmission in India. Our top pick is GSPL- A Pipeline Company which is at the right place; at the right time.
CMC, Rolta, KLG Systel, NIIT, Wipro and Genesys are some the companies active in the space. Our top pick is Gnesys International:
Others Like Ceat,Canarabank,Bank of Baroda,Suzlon Ahluwalia Contracts India can be added too
Friday, October 16, 2009
Markets to trade in a narrow band, Midcaps to dominate
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Bears below 5085 levels only
Stocks in Mumbai are likely to open flat but trade in a narrow band for most of the day as there is a tug of war going on between the bulls and the bears. Some investors are booking profits after the Sensex has more than doubled since its March lows, where as the money sitting on the sidelines is helping things towards the bulls camp.
Meanwhile midcaps remained in the spot light, as it has been the case for most of the year. Transport Corporation of India, Banco Products, Apollo Tyres and Escorts were some of the stocks that were among the top gainers on huge volume. We like Transport Corp and Escorts in this space. Satyam Computers was another stock that showed great deal of activity. The stock surged more than 7 percent to finish at Rs 117. We do not recommend buying the scrip at current levels. Traders could keep Excel Infoways, TV 18 and NIIT Technologies on their radar ahead of the quarterly numbers
Get Stock/Nifty calls on messenger and Sms
Bears below 5085 levels only
Stocks in Mumbai are likely to open flat but trade in a narrow band for most of the day as there is a tug of war going on between the bulls and the bears. Some investors are booking profits after the Sensex has more than doubled since its March lows, where as the money sitting on the sidelines is helping things towards the bulls camp.
Meanwhile midcaps remained in the spot light, as it has been the case for most of the year. Transport Corporation of India, Banco Products, Apollo Tyres and Escorts were some of the stocks that were among the top gainers on huge volume. We like Transport Corp and Escorts in this space. Satyam Computers was another stock that showed great deal of activity. The stock surged more than 7 percent to finish at Rs 117. We do not recommend buying the scrip at current levels. Traders could keep Excel Infoways, TV 18 and NIIT Technologies on their radar ahead of the quarterly numbers
Thursday, October 15, 2009
No stopping for the bulls, the up move continues
The stock of Glenmark Pharma might hit a bump on the news that it received a warning letter from USFDA for the Codeine drug.
Euro Ceramics, Balaji Telefilms,Hitachi Home and Raj TV are some of the stock to watch closely ahead of their quarterly numbers.Even though the investors are skittish on the kind of run up we have seen,the earnings have beaten the market and the guidance till now has been good. We expect the bull run to continue for another week. So traders can place their bets, while investors could wait for a pull back.
BULLS BEHIND CAIRN
Risk appetite is showing no sign of abating as of now. Every fall, irrespective of its intensity is likely to entice fresh buying. The downside appears to be limited unless something horribly goes wrong in some part of the world.
Let Celebrate Nifty 5200 in Coming days
Euro Ceramics, Balaji Telefilms,Hitachi Home and Raj TV are some of the stock to watch closely ahead of their quarterly numbers.Even though the investors are skittish on the kind of run up we have seen,the earnings have beaten the market and the guidance till now has been good. We expect the bull run to continue for another week. So traders can place their bets, while investors could wait for a pull back.
BULLS BEHIND CAIRN
Risk appetite is showing no sign of abating as of now. Every fall, irrespective of its intensity is likely to entice fresh buying. The downside appears to be limited unless something horribly goes wrong in some part of the world.
Let Celebrate Nifty 5200 in Coming days
Wednesday, October 14, 2009
Nifty Btst book around 5090-5100
Vivimed Labs hit 10 percent circuit at Rs 114 after a hedge fund arm of Reliance Cap picked up major stake in the company and reports are out that the company might come up with a preferential offer soon. Expect few more circuits.
Gokul Refoils and TTK Prestige were among the major gainers as the investors flocked these counters on hopes that they will report good numbers this week. Reliance Communications at Rs 247 might come under tremendous pressure after an independent auditor set up by the Department of Telecom to examine the accounts of Reliance Communications has concluded that the company has under-reported revenues of Rs 2,799 crore to the Government resulting in under-payment of Rs 315 crore as licence fee and spectrum charges during 2006-08. Stay away from the stock.
The market is likely to open high and might trade up at least in the morning session. We expect Bulls to dominate the market. Expect brisk activity in Reliance Communications. As we have mentioned before , do not go short in this market. We believe the markets will continue their up trend today and bulls might take the opportunity to make their presence felt.
Gokul Refoils and TTK Prestige were among the major gainers as the investors flocked these counters on hopes that they will report good numbers this week. Reliance Communications at Rs 247 might come under tremendous pressure after an independent auditor set up by the Department of Telecom to examine the accounts of Reliance Communications has concluded that the company has under-reported revenues of Rs 2,799 crore to the Government resulting in under-payment of Rs 315 crore as licence fee and spectrum charges during 2006-08. Stay away from the stock.
The market is likely to open high and might trade up at least in the morning session. We expect Bulls to dominate the market. Expect brisk activity in Reliance Communications. As we have mentioned before , do not go short in this market. We believe the markets will continue their up trend today and bulls might take the opportunity to make their presence felt.
Monday, October 12, 2009
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RNRL at Rs 83 is our favorite for the day, as the a potential settlement with RIL is likely looking at the recent news reports of Anil calling for truce
As expected the Sensex has given up some gains from the week before by losing 2.5%. We expect the benchmark to consolidate here, although small gains are not ruled out in the short term. We see some more upside from these levels, but do not expect another 100 percent gains from here. So the tone remains cautiously optimistic but do not expect whopping gains. Please do not go short in the market, as we think that we are not done with this rally. So, one should hold on to quality stocks and ride the rally for some more time. The easy money has already been made and now it is time for quality stock picking.
Hotel stocks were on Friday on news that a big FII is active in these counters
Nifty above 4900 is Bulls
As expected the Sensex has given up some gains from the week before by losing 2.5%. We expect the benchmark to consolidate here, although small gains are not ruled out in the short term. We see some more upside from these levels, but do not expect another 100 percent gains from here. So the tone remains cautiously optimistic but do not expect whopping gains. Please do not go short in the market, as we think that we are not done with this rally. So, one should hold on to quality stocks and ride the rally for some more time. The easy money has already been made and now it is time for quality stock picking.
Hotel stocks were on Friday on news that a big FII is active in these counters
Nifty above 4900 is Bulls
Friday, October 9, 2009
Infosys Good Results as Said Yesterday
Mumbai markets might turn volatile today as investors get ready to face the earnings report from IT bell weather Infosys Technologies. Stocks are headed for slightly positive open but Infosys might attract all attention and is likely to set the tone for the trend on Dalal Street. Today is a good day for the traders to stay on the side lines
There are rumors in the market that a big FII has a short position in Nifty futures and is probably manipulating the moves in the market.
We are 'Neutral' on Infosys stock before the quarterly numbers.Given a chance, we would side with the bears on this stock at Rs 2210.00. The stock had a decent run and the positives are probably priced in to stock. So stay away from this stock for now.
The so called 'honey moon' period for Midcaps is still in progress with speculators still active in the market.Gammon Ind, W.S.Industries, Sun Pharma Research and Tantia Constructions were among the gainers in yesterday'strade. Mercator Lines jumped nearly 10 percent as the Baltic Index continued to gain for the third day in a row.Infosys, Piramal Life, South Indian Bank and Madhucon projects are the stocks that the traders should watch out from a day trading perspective. We advice traders to stay away from the market today, as we might witness wild swings.
There are rumors in the market that a big FII has a short position in Nifty futures and is probably manipulating the moves in the market.
We are 'Neutral' on Infosys stock before the quarterly numbers.Given a chance, we would side with the bears on this stock at Rs 2210.00. The stock had a decent run and the positives are probably priced in to stock. So stay away from this stock for now.
The so called 'honey moon' period for Midcaps is still in progress with speculators still active in the market.Gammon Ind, W.S.Industries, Sun Pharma Research and Tantia Constructions were among the gainers in yesterday'strade. Mercator Lines jumped nearly 10 percent as the Baltic Index continued to gain for the third day in a row.Infosys, Piramal Life, South Indian Bank and Madhucon projects are the stocks that the traders should watch out from a day trading perspective. We advice traders to stay away from the market today, as we might witness wild swings.
Thursday, October 8, 2009
It is 'Bonus time' for Bulls
Stocks are likely to have a stronger open in the first hour of trade, as buyers might get back to the market after a day of correction. Bonus news from Reliance and positive sentiment following better than expected quarterly numbers from global major Alcoa are likely to provide the much needed trigger for the bulls
Reliance Ind (Rs2,100) came up with a pleasant surprise after the market hours by announcing a 1:1 bonus issue. This is likely to boost the stock by more than 5 percent for the day. We recommend investors to sell the stock at any price above Rs 2,250.00, as we see it as a short term trigger for the stock.
Zee Enterprises is another stock that looks attractive at these valuations (Rs 243). The company looks attractive at these levels, as things are going well for the company in many ways. Zee TV nudged Star Plus to take the second spot among the general entertainment channels.
Second rung counters continued to gain even in a falling market. Glory Poly Films, Onward Technologies, Brand House Retail and Yes Bank were among the briskly traded stocks. Godrej Ind crossed the Rs 200 mark as investors bid up the shares ahead of Godrej Properties IPO. We are of the opinion that the sell off in the market yesterday, on concerns of falling rupee is clearly over done and short term traders should use this correction to buy the dips, as the trend favors bulls in the short term
Reliance Ind (Rs2,100) came up with a pleasant surprise after the market hours by announcing a 1:1 bonus issue. This is likely to boost the stock by more than 5 percent for the day. We recommend investors to sell the stock at any price above Rs 2,250.00, as we see it as a short term trigger for the stock.
Zee Enterprises is another stock that looks attractive at these valuations (Rs 243). The company looks attractive at these levels, as things are going well for the company in many ways. Zee TV nudged Star Plus to take the second spot among the general entertainment channels.
Second rung counters continued to gain even in a falling market. Glory Poly Films, Onward Technologies, Brand House Retail and Yes Bank were among the briskly traded stocks. Godrej Ind crossed the Rs 200 mark as investors bid up the shares ahead of Godrej Properties IPO. We are of the opinion that the sell off in the market yesterday, on concerns of falling rupee is clearly over done and short term traders should use this correction to buy the dips, as the trend favors bulls in the short term
Wednesday, October 7, 2009
Book nifty BTST in good Profits
FROM LAST TWO DAYS WE RECOMANDATE TO BUY ON DIPS.MATKET GAVE CONTINOUS 2 DAYS OPERTUNITY TO BUY.WHEN WHOLE INDIA IN SHORT WE ARE IN BUY FROM DIP.AND GOT A VERY GOOD RETURNS.
Be Bulls above 5050 levels and Bear below 5005
HOT PICK:
BUY BGRENERGY ABOVE 452 SL 440 target for CLIENTS
BUY PUNJLLOYD ABOVE 265 SL 260 TARGET
275=290
We recommend owning Metal stocks in today's trade, as we believe there is a likely hood of a run up in the commodity prices on the weakness in dollar.SAIL and Hindalco are our picks in this sector and Adhunik Metaliks might offer decent return for risk takers. Jet Airways gained for the second day in a row and now it is time to book some profits in this stock at Rs 425 levels.
Second rung counters IT companies like FCS Software, Omnitech Info and 3i Infotech were active in yesterday's trade and we advice investors to book profits in FCS Software at Rs 115 levels. Investors with risk appetite could look at the stock of Energy Development at Rs 75 level for quick gains.Day traders could keep Mastek and Advanta on their radars for quick gains.
Be Bulls above 5050 levels and Bear below 5005
HOT PICK:
BUY BGRENERGY ABOVE 452 SL 440 target for CLIENTS
BUY PUNJLLOYD ABOVE 265 SL 260 TARGET
275=290
We recommend owning Metal stocks in today's trade, as we believe there is a likely hood of a run up in the commodity prices on the weakness in dollar.SAIL and Hindalco are our picks in this sector and Adhunik Metaliks might offer decent return for risk takers. Jet Airways gained for the second day in a row and now it is time to book some profits in this stock at Rs 425 levels.
Second rung counters IT companies like FCS Software, Omnitech Info and 3i Infotech were active in yesterday's trade and we advice investors to book profits in FCS Software at Rs 115 levels. Investors with risk appetite could look at the stock of Energy Development at Rs 75 level for quick gains.Day traders could keep Mastek and Advanta on their radars for quick gains.
Tuesday, October 6, 2009
Book btst Nifty on Time
Jet Airways remained strong even in a weak market as the company is planning to restructure its debt and might make a private placement soon. The stock gained 13 percent for the day on huge volumes. We recommend a 'Hold' on this stock. Stocks like Koutons Retail and Adhunik Metals gained on strong operator activity and these two stocks are likely to move sideways before resuming their upward journey.
We like banking stocks for today's trade. Investors could bet on quality banking names like ICICI Bank and Axis Bank. Traders could look at private banks like Dhanalakshmi Bank, Yes Bank and DCB for quick gains. Infosys Technologies is likely to see brisk trade ahead of the results later this week. Overall, a positive day for the stocks is in the offing with bulls in the drivers seat.
We like banking stocks for today's trade. Investors could bet on quality banking names like ICICI Bank and Axis Bank. Traders could look at private banks like Dhanalakshmi Bank, Yes Bank and DCB for quick gains. Infosys Technologies is likely to see brisk trade ahead of the results later this week. Overall, a positive day for the stocks is in the offing with bulls in the drivers seat.
Monday, October 5, 2009
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We expect a soft opening due to weak global cues
We are of the opinion that the Indian markets are getting decoupled form the US markets as the FII interest has gone up in the past few months. Investors might take a pause after seeing the Sensex double in nearly 6 months. So there might be a reality check after the Sensex scaled to new 52 week high last week. The coming week might set the tone for the rest of the quarter with Infosys and some other key companies set to report their quarterly numbers. We believe that the better earnings are already baked in to the stock prices and we need to see some exceptional numbers to build on the gains we have seen.To keep it simple, the ride for the bulls will get tough as the the bar is set high for the upcoming earnings season.
3i infotech was among the most active stocks on Thursday and finished off the day with double digit gains. It is worth noting that LIC has picked up close to a million shares of this company last week. Visa Steel and NIIT are some other counters that have witnessed huge volumes and some speculative activity. Shiv-Vani Oil, Prism Cement and Advanta India are some of the stocks that are likely to see brisk trading on Monday. Overall, not a great day for the bulls, but do not go short as things might change any moment.
We are of the opinion that the Indian markets are getting decoupled form the US markets as the FII interest has gone up in the past few months. Investors might take a pause after seeing the Sensex double in nearly 6 months. So there might be a reality check after the Sensex scaled to new 52 week high last week. The coming week might set the tone for the rest of the quarter with Infosys and some other key companies set to report their quarterly numbers. We believe that the better earnings are already baked in to the stock prices and we need to see some exceptional numbers to build on the gains we have seen.To keep it simple, the ride for the bulls will get tough as the the bar is set high for the upcoming earnings season.
3i infotech was among the most active stocks on Thursday and finished off the day with double digit gains. It is worth noting that LIC has picked up close to a million shares of this company last week. Visa Steel and NIIT are some other counters that have witnessed huge volumes and some speculative activity. Shiv-Vani Oil, Prism Cement and Advanta India are some of the stocks that are likely to see brisk trading on Monday. Overall, not a great day for the bulls, but do not go short as things might change any moment.
Thursday, October 1, 2009
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THIS MONTH IS VERY INTERESTING ............. TELLING IN ADVANCE ...NOTE DOWN
The Indian markets are likely to open lower on Thursday following a rally in the stock market indices yesterday
We do not see any threat to the run as long as we manage to stay above 16,950.00 on a closing basis.
The stock of Bharti Airtel might be under focus after the deal with MTN fell through after the South African Government did not give its approval to the pact.we do not see much impact on the stock price, but believe that this is a lost opportunity for the telecom major to make it big and have a global foot print
Watch out for oil related stocks like Cairn Energy and Shiv-Vani Oil following a rally in global crude prices. Nova Petrochem is another stock to watch closely as the news of demerger is pending next week. This stock has more room for upside at the current level of Rs 28.
The Indian markets are likely to open lower on Thursday following a rally in the stock market indices yesterday
We do not see any threat to the run as long as we manage to stay above 16,950.00 on a closing basis.
The stock of Bharti Airtel might be under focus after the deal with MTN fell through after the South African Government did not give its approval to the pact.we do not see much impact on the stock price, but believe that this is a lost opportunity for the telecom major to make it big and have a global foot print
Watch out for oil related stocks like Cairn Energy and Shiv-Vani Oil following a rally in global crude prices. Nova Petrochem is another stock to watch closely as the news of demerger is pending next week. This stock has more room for upside at the current level of Rs 28.
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