Bears might return to the market after taking a pause yesterday, as investors take the exit path following big gains for the past one year.Expect the benchmark index or the Sensex to lose nearly a percent for the day. Midcaps and Smallcap stocks might feel the heat
Real Estate and Metal stocks might feel the pain for another day. Auto majors might also feel the heat as there might be selling in Tata Motors, Mahindra and Maruti.The much awaited meeting of the RBI will be held today. There may be a heated debate whether to start raising interest rates today and there is a strong chance that the banks to set aside more cash to temper inflation.The Reserve Bank of India may raise the cash reserve ratio to 5.5 percent from 5 percent, the first increase since 2008.
We are of the opinion that Mr.Subbarao will keep the rates unchanged but will take action on the CRR front. Overall, a bad news for the bank is in the offing, much of which is baked in to the prices of bank stocks. We might see some selling in Autos ans some Banks following the news. Please avoid going short in these markets as everyone in the Street is expecting a fall. Moreover, Indian markets have not participated in the up move we have seen in the Asian peers yesterday, so the magnitude of the fall might be limited.
JGS Investments is a home of expert stockmarket analysts, and premier source for technical analysts research and information on Indian Stock Markets.Just join us at Yahoo Messenger sheth_jg@yahoo.com OR Email at sheth_jg@yahoo.com
Friday, January 29, 2010
Thursday, January 28, 2010
Bears might take a break after a busy day
Expect the benchmark index or the Sensex to gain more than 150 points or close to a percent after the massacre yesterday
We do not advise buying stocks at current levels and every pull back should be used to trim your holdings. We foresee a better entry point for investors with a long term horizon. we are of the opinion that investors and traders should take a break from equities at this point of time and revisit the markets after a month or so, before placing their bets. We see the Sensex facing severe headwinds at 16,450.00 level from a short term perspective
We do not advise buying stocks at current levels and every pull back should be used to trim your holdings. We foresee a better entry point for investors with a long term horizon. we are of the opinion that investors and traders should take a break from equities at this point of time and revisit the markets after a month or so, before placing their bets. We see the Sensex facing severe headwinds at 16,450.00 level from a short term perspective
Wednesday, January 27, 2010
Bear grip tightens on D-Street
Stocks on Dalal Street might trade in a flat band with a negative bias following a bad phase for equities for the past two days. We might see the Sensex trading within a band of 100 points for most of the day with selling pressure coming in at every rise
As expected realty and Auto stocks bore the brunt of selling on Friday . Metals is another space that might take a big hit today. We advice investors to lighten their positions and raise their cash levels as there is a likelihood of a prolonged bear phase for the next few months
Banking is another space that is vulnerable space ahead of the RBI Meeting on the 29th of this month. Stay away from both PSU and private bannks, and there are no exceptions.Third rung stocks like First Leasing, Goldstone Technologies and Kaushalya Infra continued to hit circuits, inspite of the bearish sentiment in the market
As expected realty and Auto stocks bore the brunt of selling on Friday . Metals is another space that might take a big hit today. We advice investors to lighten their positions and raise their cash levels as there is a likelihood of a prolonged bear phase for the next few months
Banking is another space that is vulnerable space ahead of the RBI Meeting on the 29th of this month. Stay away from both PSU and private bannks, and there are no exceptions.Third rung stocks like First Leasing, Goldstone Technologies and Kaushalya Infra continued to hit circuits, inspite of the bearish sentiment in the market
Monday, January 25, 2010
HPCL,BPCL..............Buy
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The two metal majors Hindalco and Sterlite Ind might come under severe selling pressure as they get ready to report their Q3 numbers today. SBI and HCL Info are among the other prominent companies which are on the deck to report their numbers today. Investors are advised to remain cautious and use any rise in the stocks prices to book profits or trim their exposure. We expect huge volatility in the stock prices ahead of the F&O expiry,later this week
The two metal majors Hindalco and Sterlite Ind might come under severe selling pressure as they get ready to report their Q3 numbers today. SBI and HCL Info are among the other prominent companies which are on the deck to report their numbers today. Investors are advised to remain cautious and use any rise in the stocks prices to book profits or trim their exposure. We expect huge volatility in the stock prices ahead of the F&O expiry,later this week
Saturday, January 16, 2010
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Intraday calls, Delivery calls, Positional calls on Stock /Nifty
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2. Intraday Call In FNO and Capital Market
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4. BTST/STBT In FNO
5. Delivery Based Call for Swing Traders and Short, Medium and Long term Investors
6. Tips on Option Trading (Call and Put).
7. Interactive On Messenger .
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Nifty Total
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Rates
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Equity Cash - For Traders who have the Appetite of Taking Delivery In Mid Cap/Small Cap Segment
Rates
Rs 3500 / month
No free trial will be given. Paid trial for one week is Rs.1850/- (only Chat room access)
New Scheme Launched
New Package for Investors , Traders for who do not want to pay one time charges
To Celebrate Our Anniversary, we have launced Profit Sharing Scheme for new clients and as well as old clients if they wish for!!!!!!!!!!!!!!!!
Anyone can subscribe this Scheme ...Details as follow
Profit Sharing Ratio ...Decided with clients with respect to Deposit they have with us
Intraday calls, Delivery calls, Positional calls on Stock /Nifty
Future and Options too
Interactive On Messenger ( Guidance given for every call - how to trade)
Calls given on mobile n messenger even on Phone (on demand)
Calculated Every 30th of the month end
To know more Pls be free to call us on 09821435805 or sms us
One can mail us to sheth_jg@yahoo.com
We have all messenger like ,gtalk(gmail),msn(hotmail),yahoo,skype,facebook etc
Even chat on Room access
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Friday, January 15, 2010
Markets headed for a positive finish to the week
Stocks on Dalal Street might trade in a range of 100 points on the Sensex for the third day in a row. Bulls are not likely to give up as the undertone remains bullish with enormous liquidity in the markets. There might be action in select story based Midcap counters
Oil and consumer Durables stocks were active among the largecap stocks. ONGC and Reliance Communications were among the top gainers for the day.Investment Bank JP Morgan has come out with a research note saying that Indian stocks may rise a further 17 percent by the end of the year helped by better than expected earnings estimates.
The bullishness has spread from Midcaps to Smallcaps now. The benchmark index tracking the prices of Smallcap stocks has gained 1.2 percent on Thrusday against a 0.8 percent gain in the Midcaps.United Phosphorus Ent, Surya Roshni, R.S. Software and Navneet Publications were among the notabel gainers in this space.Traders could also take positions in Balaji Tele, Shriram Transport, Infotech Enterprises and Sterlite Technologies for short term gains
10 India Stocks for 2010
Indraprastha Gas Limited
Industrial Gases & Fuels [CMP Rs 200, TTM P/E: 15.3x]
Mahindra & Mahindra
Automobiles - Tractors [CMP Rs 1150, TTM P/E: 18.3x]
Aurobindo Pharma
Pharmaceutical & Drugs [CMP Rs 916, TTM P/E: 12.7x]
Sterlite Industries Ltd
Metals- Non Ferrous [CMP Rs 915, TTM P/E: 20.2x]
Deepak Fertilizers
Fertilizers [CMP Rs 117, TTM P/E: 7.7x]
HDIL
Construction – Real Estate [CMP Rs 366, TTM P/E: 22.7x]
IndusInd Bank
Bank - Private [CMP Rs 146, TTM P/E: 23x]
Kalpataru Power
Power Generation/Distribution [CMP Rs 1133, TTM P/E: 23.2x]
Crompton Greaves Ltd
Electric Equipment [CMP Rs 436, TTM P/E: 23.9x]
GAIL
Gas Transmission / Marketing [CMP Rs 415, TTM P/E: 18.9x]
Oil and consumer Durables stocks were active among the largecap stocks. ONGC and Reliance Communications were among the top gainers for the day.Investment Bank JP Morgan has come out with a research note saying that Indian stocks may rise a further 17 percent by the end of the year helped by better than expected earnings estimates.
The bullishness has spread from Midcaps to Smallcaps now. The benchmark index tracking the prices of Smallcap stocks has gained 1.2 percent on Thrusday against a 0.8 percent gain in the Midcaps.United Phosphorus Ent, Surya Roshni, R.S. Software and Navneet Publications were among the notabel gainers in this space.Traders could also take positions in Balaji Tele, Shriram Transport, Infotech Enterprises and Sterlite Technologies for short term gains
10 India Stocks for 2010
Indraprastha Gas Limited
Industrial Gases & Fuels [CMP Rs 200, TTM P/E: 15.3x]
Mahindra & Mahindra
Automobiles - Tractors [CMP Rs 1150, TTM P/E: 18.3x]
Aurobindo Pharma
Pharmaceutical & Drugs [CMP Rs 916, TTM P/E: 12.7x]
Sterlite Industries Ltd
Metals- Non Ferrous [CMP Rs 915, TTM P/E: 20.2x]
Deepak Fertilizers
Fertilizers [CMP Rs 117, TTM P/E: 7.7x]
HDIL
Construction – Real Estate [CMP Rs 366, TTM P/E: 22.7x]
IndusInd Bank
Bank - Private [CMP Rs 146, TTM P/E: 23x]
Kalpataru Power
Power Generation/Distribution [CMP Rs 1133, TTM P/E: 23.2x]
Crompton Greaves Ltd
Electric Equipment [CMP Rs 436, TTM P/E: 23.9x]
GAIL
Gas Transmission / Marketing [CMP Rs 415, TTM P/E: 18.9x]
Thursday, January 14, 2010
Midcaps to dominate trade, Market to remain flat
Nifty btst book on Time
Indian markets are expected to trade in a narrow band for most of the day, as investors are likely to be cautious at higher levels. The mood is positive in the markets, especially after the kind of strength we have seen yesterday in Mumbai markets.We might see the Sensex trading in a band of 100 points for the day
As expected IT was an out performer with the sectoral index gaining more than 3.84 percent.TCS, Infosys and Wipro were major gainers with TCS gaining more than 5 percent for the day. Metals counters bounced back on some short covering with Hindalco and Tata Steel taking the honors among the Metal counters.
Investors should focus on Midcap counters like Excel Infoways, Finolex Cables, Sterlite Technologies and GTL Infra.Other Midcaps like Samtel Color, Sonata Software and D-Link look explosive after a big move yesterday
Indian markets are expected to trade in a narrow band for most of the day, as investors are likely to be cautious at higher levels. The mood is positive in the markets, especially after the kind of strength we have seen yesterday in Mumbai markets.We might see the Sensex trading in a band of 100 points for the day
As expected IT was an out performer with the sectoral index gaining more than 3.84 percent.TCS, Infosys and Wipro were major gainers with TCS gaining more than 5 percent for the day. Metals counters bounced back on some short covering with Hindalco and Tata Steel taking the honors among the Metal counters.
Investors should focus on Midcap counters like Excel Infoways, Finolex Cables, Sterlite Technologies and GTL Infra.Other Midcaps like Samtel Color, Sonata Software and D-Link look explosive after a big move yesterday
Wednesday, January 13, 2010
Yesterday we mentioned Break of 5200 Nifty
Hope u Enjoy nifty
Stocks in Mumbai might turn volatile after losing ground in the afternoon session yesterday. we expect some selling pressure in heavy weights and some speculative Midcap stocks. Expect the benchmark index to trade in a 100 point band for the day
Metal and Realty sectors were hit hard as there was some fund selling and profit booking in these counters. Metals stocks might continue to be under pressure for the second day in a row. Stay away from Tata Steel, Hindalco and Sterlite Ind in the current market.
It looks like the only safe haven after stellar numbers from Infosys. The sector is likely to outperform the broader market in the near term.Midcaps and Smallcap stocks which have been having great time in the past few months were hit hard yesterday and the trend might continue as some operators might abandon or dump some of their positions.
AMD Medplast, Tantia Constructions and Hitachi Home were some of the stocks that were active even in a falling market.GSS America, Excel Infoways, Balaji Tele and Finolex Ind are some of the stocks to watch out for in today's trade.
Stocks in Mumbai might turn volatile after losing ground in the afternoon session yesterday. we expect some selling pressure in heavy weights and some speculative Midcap stocks. Expect the benchmark index to trade in a 100 point band for the day
Metal and Realty sectors were hit hard as there was some fund selling and profit booking in these counters. Metals stocks might continue to be under pressure for the second day in a row. Stay away from Tata Steel, Hindalco and Sterlite Ind in the current market.
It looks like the only safe haven after stellar numbers from Infosys. The sector is likely to outperform the broader market in the near term.Midcaps and Smallcap stocks which have been having great time in the past few months were hit hard yesterday and the trend might continue as some operators might abandon or dump some of their positions.
AMD Medplast, Tantia Constructions and Hitachi Home were some of the stocks that were active even in a falling market.GSS America, Excel Infoways, Balaji Tele and Finolex Ind are some of the stocks to watch out for in today's trade.
Tuesday, January 12, 2010
Markets to remain flat, All eyes on Infy
sheth_jg (11-01-2010 13:54:55): We close flat to red
Hope saw yesterday closing, Nifty levels for January given ,Follow that & make profit
Markets are eagerly waiting for Q3 numbers from IT Bellwether Infosys, kicking off the earnings season, providing investors withe a pulse check of the corporate earnings. Expect the benchmark to be flat to sud-dued, barring a positive surprise from Infosys.
Analysts expect Infosys to report a 10 percent decline in the profit YOY and also predict some pressure on the margins weighed by pricing pressures and an appreciation of the rupee against the dollar. We remain 'Neutral' on the stock and believe that the stock is fairly valued at Rs 2,500.00
Midcap Mania continues in the markets with stocks like First Winner Ind, Mic Electronics and Jaywal Neco hitting the 20 percent band. Ship Building stocks were in the limelight, with ABG Shipyard and Bharti Shipyard gaining by nearly 20 percent for the day. Traders could look at capitalizing the euphoria in Midcaps by placing their bets on stocks like Sterlite Technologies, Punjab Chemicals and Excel Infoways
Hope saw yesterday closing, Nifty levels for January given ,Follow that & make profit
Markets are eagerly waiting for Q3 numbers from IT Bellwether Infosys, kicking off the earnings season, providing investors withe a pulse check of the corporate earnings. Expect the benchmark to be flat to sud-dued, barring a positive surprise from Infosys.
Analysts expect Infosys to report a 10 percent decline in the profit YOY and also predict some pressure on the margins weighed by pricing pressures and an appreciation of the rupee against the dollar. We remain 'Neutral' on the stock and believe that the stock is fairly valued at Rs 2,500.00
Midcap Mania continues in the markets with stocks like First Winner Ind, Mic Electronics and Jaywal Neco hitting the 20 percent band. Ship Building stocks were in the limelight, with ABG Shipyard and Bharti Shipyard gaining by nearly 20 percent for the day. Traders could look at capitalizing the euphoria in Midcaps by placing their bets on stocks like Sterlite Technologies, Punjab Chemicals and Excel Infoways
Monday, January 11, 2010
Stocks to begin the week on a positive note
Indian markets are likely to start on a firm footing to begin the week after being in red on Friday. Positive global cues and some pre-budget shopping might lift spirits of the sub-dued markets, this morning. Expect the benchmark index or the sensex to gain nearly 0.5 percent to begin the day
Investors on Dalal Street are likely to turn to earnings from Infosys Technologies,Bajaj Auto and Renuka Sugars, bluechips slated to usher in the third-quarter results season, for the corporate view on economic recovery.
Realty stocks were a bright spot in a falling market, among the NSE-50 as investors found some value in DLF and Unitech which gained between 3 to 4 percent for the day. We see some strength in this sector in the next few sessions. We advice investors to trim their holdings on every rise in this sector.
Midcaps have been flying high for the past month and there seems to be no ending in the near term. Balaji Tele films, Excel Infoways,Sintex Ind and Finolex Ind are some of the stock to watch out in the coming week.Overall, a positive day for the markets with Midcaps taking the center stage
Nifty
The short term moving average is an indicator of the trend in the near future. The value for the short term moving average (20 DMA) is at 5135 and medium term moving average (50 DMA) is at 5032. Presently, the Nifty trading above 50 DSMA and 20 DSMA which conveys bullish signal in near term. As long as Nifty continues to trade above these moving averages, bulls will holds the grip.
Remember we have said breakout above the Neckline of the suspected H&S formation has been proving elusive for the time being. This has been mainly on account lack of conviction shown by reduction in volumes. Also after clocking the highest-ever volume on the second day after election results, i.e. on 19th May'09, we have seen falling volumes on both positive as well as negative days. Moreover history suggests that market usually corrects after doubling. Now with illusive break out above 5200 levels, new trading range between 4900-5370 seems more prominent and worthy.
In addition to that At its highest level of 5200 on Nifty and above 17400on Sensex, PE Ratio had reached 22+, which is the maximum figure of 22 seen under 'normal' circumstances. Only foams can push it higher towards 27-28. Such fizz happened during '2000 and '2008, which were 8-year cycle tops. Usually such higher valuations occurs in 8 years. Its never been in the history of Sensex to create such bubbles for two consecutive years. Hence we expect some sort of pause in Rupee valuation in upcoming months. Moreover low interest rates in US and constant appreciation of Rupee will support our argument in near term. There fore we might see some consolidation on higher levels though momentum might be remain on buying side. On the positive note, if we totally relies on the current rally and consider this phase into new bullish one, we might see key benchmark indices to touch its previous highs of 2008 very soon. With such scenario key benchmark indices may shifts into long term consolidation of 10 years (similar to consolidation as seen in 1992-2003). This picture is self-illustrative. Investors may take their positions accordingly during the coming 2-4 years, and book profits or consider prevarication, as and when examined essential
Investors on Dalal Street are likely to turn to earnings from Infosys Technologies,Bajaj Auto and Renuka Sugars, bluechips slated to usher in the third-quarter results season, for the corporate view on economic recovery.
Realty stocks were a bright spot in a falling market, among the NSE-50 as investors found some value in DLF and Unitech which gained between 3 to 4 percent for the day. We see some strength in this sector in the next few sessions. We advice investors to trim their holdings on every rise in this sector.
Midcaps have been flying high for the past month and there seems to be no ending in the near term. Balaji Tele films, Excel Infoways,Sintex Ind and Finolex Ind are some of the stock to watch out in the coming week.Overall, a positive day for the markets with Midcaps taking the center stage
Nifty
The short term moving average is an indicator of the trend in the near future. The value for the short term moving average (20 DMA) is at 5135 and medium term moving average (50 DMA) is at 5032. Presently, the Nifty trading above 50 DSMA and 20 DSMA which conveys bullish signal in near term. As long as Nifty continues to trade above these moving averages, bulls will holds the grip.
Remember we have said breakout above the Neckline of the suspected H&S formation has been proving elusive for the time being. This has been mainly on account lack of conviction shown by reduction in volumes. Also after clocking the highest-ever volume on the second day after election results, i.e. on 19th May'09, we have seen falling volumes on both positive as well as negative days. Moreover history suggests that market usually corrects after doubling. Now with illusive break out above 5200 levels, new trading range between 4900-5370 seems more prominent and worthy.
In addition to that At its highest level of 5200 on Nifty and above 17400on Sensex, PE Ratio had reached 22+, which is the maximum figure of 22 seen under 'normal' circumstances. Only foams can push it higher towards 27-28. Such fizz happened during '2000 and '2008, which were 8-year cycle tops. Usually such higher valuations occurs in 8 years. Its never been in the history of Sensex to create such bubbles for two consecutive years. Hence we expect some sort of pause in Rupee valuation in upcoming months. Moreover low interest rates in US and constant appreciation of Rupee will support our argument in near term. There fore we might see some consolidation on higher levels though momentum might be remain on buying side. On the positive note, if we totally relies on the current rally and consider this phase into new bullish one, we might see key benchmark indices to touch its previous highs of 2008 very soon. With such scenario key benchmark indices may shifts into long term consolidation of 10 years (similar to consolidation as seen in 1992-2003). This picture is self-illustrative. Investors may take their positions accordingly during the coming 2-4 years, and book profits or consider prevarication, as and when examined essential
Friday, January 8, 2010
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Nifty buy above 5303 spot is sustain
Hot stock -IFCI,Ashok Leyland
Nifty buy above 5303 spot is sustain
Hot stock -IFCI,Ashok Leyland
Thursday, January 7, 2010
Sensex to stay flat, Midcaps to remain in the limelight
Stocks on Dalal Street are likely to stay flat for the second day in a row as investors look for new triggers before before committing new funds to equities. However midcap stocks might continue their north bound journey as the party might extend for few more days
Healthcare and Realty stocks were among the sectors that showed some strength yesterday, while It remained subdued. We exoect metals to show some strength even in a flat market. Shipping is another space that is looking attractive and investors who want to bet on a global recovery in the coming quarters might take positions in stocks like GE Shipping and Shipping Corporation.Investors with risk appetite could look at Mercator Lines.
New listing DB Corp had a great listing yesterday. The stock, which was priced at Rs 212, ended the day at Rs 265.90, posting a gain of 25.42%. We recommend investors to book profits at Rs 274 level as the valuation will look stretched past the Rs 290 mark.Hilton Metal, Nahar Capital, Ucal Fuel and Pidilite Ind were other midcaps that were active in yesterday's trade.Traders could place their bets on stocks like Cubex Tubings, Bartronics, Jyoti Structures and Geojit Securities for quick return in the coming trading sessions
Healthcare and Realty stocks were among the sectors that showed some strength yesterday, while It remained subdued. We exoect metals to show some strength even in a flat market. Shipping is another space that is looking attractive and investors who want to bet on a global recovery in the coming quarters might take positions in stocks like GE Shipping and Shipping Corporation.Investors with risk appetite could look at Mercator Lines.
New listing DB Corp had a great listing yesterday. The stock, which was priced at Rs 212, ended the day at Rs 265.90, posting a gain of 25.42%. We recommend investors to book profits at Rs 274 level as the valuation will look stretched past the Rs 290 mark.Hilton Metal, Nahar Capital, Ucal Fuel and Pidilite Ind were other midcaps that were active in yesterday's trade.Traders could place their bets on stocks like Cubex Tubings, Bartronics, Jyoti Structures and Geojit Securities for quick return in the coming trading sessions
Wednesday, January 6, 2010
Bulls to take a pause, Midcaps might continue their uptrend
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Stocks on Dalal Street are likely to trade flat as investors might take a pause after two days of rally in the markets. Expect the benchmark index or the Sensex to trade in aband of 50 to 75 points for the day. Midcaps are likely to maintain their momentum even in a flat market
Metal stocks took the honors for the day with sectoral index gaining 3.8 percent for the day. Aluminum stocks like Hindalco and Nalco gained on speculation of rise Chinese alumina prices.MTNL was another surprise gainer among the largecaps with a 10 percent gain for the day, on speculation that the real estate value might be unlocked in the near term.
The markets welcomed the new listing Godrej properties by bidding up the shares by more than 9 percent to Rs 536 level. SREI Infra, GSFC, Micro Tech and Shipping Corp were other gainers in the midcap space. Investors could look at taking short term positions in stocks like Geojit Securities, Exide Ind, Power Grid and Dhampur Sugars ahead of the positive news flow in these counters. Tanla Solutions might be a dark horse for the day. Overall, a flat day with the possibility of further gains in the Midcaps, is in the offing
Stocks on Dalal Street are likely to trade flat as investors might take a pause after two days of rally in the markets. Expect the benchmark index or the Sensex to trade in aband of 50 to 75 points for the day. Midcaps are likely to maintain their momentum even in a flat market
Metal stocks took the honors for the day with sectoral index gaining 3.8 percent for the day. Aluminum stocks like Hindalco and Nalco gained on speculation of rise Chinese alumina prices.MTNL was another surprise gainer among the largecaps with a 10 percent gain for the day, on speculation that the real estate value might be unlocked in the near term.
The markets welcomed the new listing Godrej properties by bidding up the shares by more than 9 percent to Rs 536 level. SREI Infra, GSFC, Micro Tech and Shipping Corp were other gainers in the midcap space. Investors could look at taking short term positions in stocks like Geojit Securities, Exide Ind, Power Grid and Dhampur Sugars ahead of the positive news flow in these counters. Tanla Solutions might be a dark horse for the day. Overall, a flat day with the possibility of further gains in the Midcaps, is in the offing
Tuesday, January 5, 2010
Stocks set to gain for the second day in a row
Indian markets are likely to gain for the second day in a row maintaining its winning streak for the year. Expect the benchmark index or the Sensex to gain more than one percent for the day. SGX Nifty futures up by more than one percent indicating a strong open for the day but the mood could turn a little sour later in the day.
Cement and Auto stocks remained strong with ACC taking the honors by gaining more than 5 percent for the day, while Tata Motors and M&M helped gains in the auto sector. We expect Metals and Real Estate stocks to outperform the rest of the pack today.
The much awaited Godrej Properties is likely to list this morning on the indices.The stocks is likely to trade close to Rs 500 level or nearly flat, close to the issue price of Rs 490.Midcaps and Smallcap indices outperformed the benchmark index by gaining more than 1.5 percent for the day.
Aditya Birla Money was locked in circuit for the second day in a row and more gains are likely in this stock, from current levels of Rs 58.Investors could bet on Geojit Securities as an alternative to this stock at Rs 42 level. There is a possibility of the stock touching Rs 52 in the near term.Patel Integrated, RCF and Bag Films are some of the stocks that were active and might gain further in the coming days
Cement and Auto stocks remained strong with ACC taking the honors by gaining more than 5 percent for the day, while Tata Motors and M&M helped gains in the auto sector. We expect Metals and Real Estate stocks to outperform the rest of the pack today.
The much awaited Godrej Properties is likely to list this morning on the indices.The stocks is likely to trade close to Rs 500 level or nearly flat, close to the issue price of Rs 490.Midcaps and Smallcap indices outperformed the benchmark index by gaining more than 1.5 percent for the day.
Aditya Birla Money was locked in circuit for the second day in a row and more gains are likely in this stock, from current levels of Rs 58.Investors could bet on Geojit Securities as an alternative to this stock at Rs 42 level. There is a possibility of the stock touching Rs 52 in the near term.Patel Integrated, RCF and Bag Films are some of the stocks that were active and might gain further in the coming days
Monday, January 4, 2010
Sensex to open 2010 with gains
Stocks on Dalal Street begin the New Year an hour earlier marking the beginning of the new decade with new hours of operation. Expect the benchmark index to trade flat with some positive momentum. However, a run away rally is ruled out due to the correction we have seen in U.S markets on Friday.
Auto stocks could gain on the back of another month of strong sales volume.
Shares of JSW Energy will get listed on the bourses. Godrej Property will list on Tuesday and DB Corp on Wednesday
Crew Bos Products was one of the active counters with a gain of more than 17 percent for the day on the news of preferential allotment to the promoters. SEL manufatring was another scrip that was active on news of GDR offering. We recommend booking profits in both the scrips on another 10 percent raise.
We recommend short term traders to take positions in stocks like Clutch Auto, Prism Cement, Jyoti Structures and Exide Ind, as we expect positive new flow in these counters in the coming week. Overall a positive start for the year with fire works in select midcap counters is expected for the day
Auto stocks could gain on the back of another month of strong sales volume.
Shares of JSW Energy will get listed on the bourses. Godrej Property will list on Tuesday and DB Corp on Wednesday
Crew Bos Products was one of the active counters with a gain of more than 17 percent for the day on the news of preferential allotment to the promoters. SEL manufatring was another scrip that was active on news of GDR offering. We recommend booking profits in both the scrips on another 10 percent raise.
We recommend short term traders to take positions in stocks like Clutch Auto, Prism Cement, Jyoti Structures and Exide Ind, as we expect positive new flow in these counters in the coming week. Overall a positive start for the year with fire works in select midcap counters is expected for the day
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