Stocks on Dalal Street are likely to open higher following a late rally in equities on Tuesday. Expect the benchmark index or the Sensex to gain over 0.5 percent or nearly 100 points for the day. The indices have finally made a decisive move yesterday and are technically looking strong at current levels
Asian stocks made a good start to the day this morning following positive cues from the U.S markets. The Japanese benchmark Nikkei gained 0.6 percent, while Australia's ASX 200 and the Chinese markets managed to gain over 0.5 percent for the day.
Reliance Ind, was clearly the star of the day yesterday, as the stock inched higher by 4 percent breaking the key resistance levels at Rs 1068. Metals and Oil sector were major beneficiaries in yesterday trade and the trend is likely to continue in to today's trade.Concentrate on Metals and some select realty stocks.
Apollo Tyres and Jai Corp were two stocks that looked active and technically strong yesterday.Ruchi Infra, Insecticides India and JK Tyres are among the stocks that put impressive show. We recommend investors to hold on Trasport Corp for further gains. We like Polaris Software from a very short term perspective, while Dalmia Cements could be a surprise winner