For Nifty and Stock calls/levels One need to Subscribe
Asia is off for a good start with Nikkei jumping more than 1.5 percent in the opening minutes of the day. Realty Auto and Banking stocks were in the lime light yesterday. We like Realty and Banking to gain some more ground in today's trade.Tata Motors looked hot after nearly appreciating 7 times its 52 week low of Rs 125. IDFC and Ranbaxy were strong on good fund support.
The benchmark indices remained flat, but there was a lot of action in the midcap and smallcap space.The current market conditions point to some more speculative action in the coming days. It is not a bad idea for the risk takers to day trade in second rung stocks. But please be aware not to buy them on a delivery basis, as you might end up with 'junk stocks' forever.
It education stocks like NIIT Ltd and Aptech look strong on the charts and might move up after a side ways movement. There is something cooking in the Mastek counter as the stock was locked in circuit at RS 450 up by nearly 50 percent in the past 2 weeks. Private banks like Dena Bank and Lakshmivilas Bank look strong and might break out from current levels. The new listing Astec Life is looking explosive at Rs 89. Overall a flat day for the markets with some fire works from Midcap stocks, is in the offing