After flirting with the negative territory in the last two days, Indian stocks are getting ready for another leg of upmove. US Markets opened red yesterday only to close midly in positive zone.
While the current stretch in the global equities is driven by lower interest rates we believe soon (may be in a month) we will see a outflow of funds from global equities.
Speculators are ruling the roast on D-Street looking at the kind of stocks moving up. The story repeats and we advise investors to be extremely catious in illiquid stocks.
Two bright sectors : Cement && Realty sectors are looking good and we might see a spurt in both the sectors any time. Yesterday's trading action clearly points to an upmove in these 2 counters.
Stocks to watch out for intraday : Indowind Energy, Midday, Action Constructions, Geojit BNP Paribas