Monday, June 29, 2009

One Need to Subscribe for Stock and Nifty levels

Expect a flat market in Indian markets, as most of the activity will be limited to stocks that might benefit from the budget. Tata Motors is one stock, we are bullish in today's trade, as the news of JLR entry to India is likely to boost the stock price from current level of Rs 340. Any positive news on the loan front will be a bonus for investors betting on this scrip.

It will be interesting to watch Suzlon (Rs 123) today, as markets will decide if they are going punish the scrip for the quarterly loss, or reward the company for registering a sales growth of more than 80 percent.Wockhardt Ltd might get some breathing room from its financial woes, as the company sold its animal health division to a French company for an undisclosed sum. We like Fortis Healthcare in the hospital space (Rs 100).

Investors are likely to focus on midcaps as we have not seen any interest in the index based stocks. The Sensex is likely to hover around the current levels. Traders can keep a close eye on Vakrangee Software, Gitanjali Gems, Titagarh Wagons,Adlabs and VIP Ind in today's trade.