Book nifty btst book in good profits
Auto and Realty stocks were among the major losers on Friday, and we expect Realty bounce back int today's trade. Metal stocks look like they have some more room to grow, going forward as commodity prices remain firm.
Investors booked profits in stocks that have had a dream run. Tech Mahindra fell more than 7 percent to Rs 767. United Spirits, Suzlon Energy, IRB Infra and Brand House Retail were some of the stocks that are under sever selling pressure.
Prism Cement looks strong at RS 53 even after gaining more than 15 percent on huge volumes in a falling market. Analysts attribute the spurt in the stock price to the company's plans to consolidate the business of H. & R. Johnson Limited and RMC Readymix Private Limited with the Company.Barack Valley Cement and Sun Pharma Advance Research have seen huge volumes and look interesting at these levels.
Today might be a good day for the bulls as there is a strong chance for decent gains in equities. Traders could look at stocks like Genus Power, Punjab Chemicals, India Info line and Fortis Healthcare for some intraday moves.