Monday, June 22, 2009

Railway Stock in action

Stocks likely to trade up in early trade and Second half session is to watch As Nifty only below 4300 could see small selling otherwise 4360-70 is maximum level what we could see for today

We have some picks for our subscribers to benefit from the railway budget.

Stayam Computer services will go by 'Mahindra Satyam' pulling the curtains on the dark past of the IT bellwether.The stock of Reliance Communications Rs 305 is likely to be in limelight as news reports suggest that the world's largest mobile company,China Mobile is mulling to pursue strategic alliance and a possible equity partnership of 5 percent in the ADAG company.Expect some early fire works in the stock.

Short term investors could place some calculated bets on stocks that are likely to benefit from budgetary reforms. Traders could look at a minor up move in metals and select midcaps in today's trade. Gujarat Industrial Power, Bartronics,Insecticides India, Religare Enterprises and BGR Energy are the stocks to keep on the radar in Monday's trade