Monday, March 28, 2011

Stock specific activity to pick up speed

Nifty buy / sell calls alrready send by sms and on messenger to paid clients

Dalal Street might open in the positive zone despite of weaker Asian markets as investors return after facing severe headwinds in the past four months. Asian markets are trading flat while Dow Futures extend the positive momentum.

News Bytes

* Jindals, Reddys may jointly bid for Hancock's assets

* RIL, DE Shaw in JV for financial services

* Mumbai realty robust despite dip in flat sales in Feb

* PFC FPO likely to hit market on May 10

* SBI planning rights issue after 1st qtr of FY12

* PFC to hire consultant for banking foray

* Govt to serve demand notice on Bharti

Markets - Bullish momentum to spread to stocks

After a stunning move by Nifty and Sensex, we expect individual stocks to rock the stage now. It's time to pick beaten down stocks with medium term visibility. Next month's quarterly numbers might decide further direction.

Till then we expect markets to trade higher on overseas cues. Crude Oil appears to be stabilizing at around $105 levels and might push Inflation to higher levels.