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