Dalal Street : Watch for a bounce
Stocks on dalal street will open negatively to the global cues but might see a sharp bounce today. Bank stocks are likely to be under pressure today also. We advise subscribers to slowly get out of bank and auto sectors for the next six months except one or two stocks which still look under valued. We had a coverage today on a smallcap steel stock that is ready to deliver approx 70 pct gains in the next six to eight months.
Focus on Infrastructure stocks, second rung IT & metal stocks and Realty might see a surprise upmove in the coming days