Trading in Indian markets has become a boring routine now a days, as the stock indices have hovered around the same level for the past 5 sessions. Expect the benchmark index to trade in a band of 50 points. There is lot of negative sentiment in the market, but this is being negated by market manipulation by funds with long positions
The enthusiasm in the market is dying down every day with the volumes taking a hit due to the lack of interest in equities. This is being prompted by directionless indices and little or not triggers to take index to the next level. we have seen a dramatic turn around in the markets in latter half of the day on some index manipulation by players who have taken bullish futures positions
Our Pre-market review pick Transport Corporation has gained to more than 19 percent giving handy gains to traders. We see the stock hitting Rs 125 level in the next 2-3 days. Texmo Pipes and Jayswal Neco were other stock that looked active yesterday. We see Thomas Cook and Rain Commodities giving decent returns to short term traders in the coming session