As adviced yesterday, stay away from the banking stocks for now, ICICI bank might be on tremendous pressure from the bears in today's trade.Banking,Metal and Realty stocks are the sectors that are likely to be pounded by the bears.Investors from a long term perspective might look in to 'Power', 'PSU' and 'Pharma' stocks as safe plays for now
The Civil Aviation Ministry’s proposal for allowing foreign airlines to pick up a stake in domestic airlines might boost the stocks in the aviation sector. We expect the stocks in the sector to end flat given the negative sentiment in the market.Later this week the Committee of Secretaries headed by the Cabinet Secretary is to consider a proposal to allow foreign airlines to hold a 49 per cent stake in scheduled, non-scheduled and charter airline.
Wipro has announced its third quarter numbers, reports CNBC TV18. Its Q3 consolidated net profit went up at Rs 1,003.9 crore as against Rs 969.8 crore, QoQ. Its consolidated net sales were up at Rs 6,634.30 crore versus Rs 6,519.60 crore
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Wednesday, January 21, 2009
Tuesday, January 20, 2009
Prefer selling at high
The global banking crisis has intensified this week as Royal Bank of Scotland Group Plc slumped 67 percent after saying it expects to post a loss of as much as 28 billion pounds ($41 billion) for 2008 and the government got ready to raise its stake in the lender.
Banking is the sector that looks vulnerable in the current scenario as we might see another round of defaults in the international banking sector, which might hurt the banking stocks.ICICI Bank and few oother private banks with international exposures are the ones to avoid for now.
Satyam Computers might see some activity on the upside with the news that Essar group might consider bidding for the company's BPO business.Unitech might see some buying interest after the company renegotiated 75 percent of its debt obligations with the lenders giving the company some breathing room to operate atleast for the next 12 months.
Banking is the sector that looks vulnerable in the current scenario as we might see another round of defaults in the international banking sector, which might hurt the banking stocks.ICICI Bank and few oother private banks with international exposures are the ones to avoid for now.
Satyam Computers might see some activity on the upside with the news that Essar group might consider bidding for the company's BPO business.Unitech might see some buying interest after the company renegotiated 75 percent of its debt obligations with the lenders giving the company some breathing room to operate atleast for the next 12 months.
Monday, January 19, 2009
Sega goa, Satyam Buy
The stock of Satyam (Rs 24) might see a positive opening, as investors might bid up the shares of the firm following news reports that Engineering major Larsen & Toubro might be interested in acquiring Satyam Computer Services
There was some buying seen in the midcap space especially in PSU firms like Neyveli Lignite, which has seen some buying interest and a spike in the price on huge volumes. Commodity stocks might gain futher after a decent move on Friday, reflecting the global trend in metal prices. Tata Steel and Sterlite Ind might be the beneficiaries of this trend
We also advice investors to watch out for the so called 'Green' stocks, which might be the beneficiaries of the new Obama policies in the US. Wind energy major Suzlon (Rs 50.55) and Solar wafer manufacturer Moser Baer (Rs 70) are the stocks to watch out.
There was some buying seen in the midcap space especially in PSU firms like Neyveli Lignite, which has seen some buying interest and a spike in the price on huge volumes. Commodity stocks might gain futher after a decent move on Friday, reflecting the global trend in metal prices. Tata Steel and Sterlite Ind might be the beneficiaries of this trend
We also advice investors to watch out for the so called 'Green' stocks, which might be the beneficiaries of the new Obama policies in the US. Wind energy major Suzlon (Rs 50.55) and Solar wafer manufacturer Moser Baer (Rs 70) are the stocks to watch out.
Friday, January 16, 2009
Nifty , Banknifty BTST will give good profit
Above 2740 No, Problem for Bulls !!!!!
Will, Take Nifty Future to 2770 - 2790 Mark.
Below, 2680 Marks, It'll Be Bear Grip !!!
Then, Will Hit 2667 - 2650 Mark
But, Chances Are Very Remote....
For traders, ICICI Bank could be a good bet intraday as the banking space might rebound after a sell off yesterday. The banking index fell nearly 6 percent yesterday and was among the major losers in the market.Zensar technologies, Jet Airways and Zensar Technologies are the stocks to keep a close eye on, ahead of their Q3 numbers.
We see compelling valuations for the long term players and advice medium term traders against taking new positions. Short term traders might consider trading in metal, IT and Realty stocks.Satyam is one stock that is living dangerously, but we do not see a huge down side from the Rs 20 levels
Sasken Communications is another stocks that is looking vulnerable after one of its biggest customer Nortel filed for bankruptcy and the stock might be hammered yet another time after the Tata's have backed out of the JV with the company
Will, Take Nifty Future to 2770 - 2790 Mark.
Below, 2680 Marks, It'll Be Bear Grip !!!
Then, Will Hit 2667 - 2650 Mark
But, Chances Are Very Remote....
For traders, ICICI Bank could be a good bet intraday as the banking space might rebound after a sell off yesterday. The banking index fell nearly 6 percent yesterday and was among the major losers in the market.Zensar technologies, Jet Airways and Zensar Technologies are the stocks to keep a close eye on, ahead of their Q3 numbers.
We see compelling valuations for the long term players and advice medium term traders against taking new positions. Short term traders might consider trading in metal, IT and Realty stocks.Satyam is one stock that is living dangerously, but we do not see a huge down side from the Rs 20 levels
Sasken Communications is another stocks that is looking vulnerable after one of its biggest customer Nortel filed for bankruptcy and the stock might be hammered yet another time after the Tata's have backed out of the JV with the company
Thursday, January 15, 2009
Sell satyam
Reliance might be under some pressure after a decent gain today. Short sellers might return back to the Realty counters after a bad day yesterday.Avoid Realty, Auto and Metal stocks for now. Dr. Reddy's stock might witness some selling this morning after the news that its consignment worth Rs 24 Crores is seized by the authorities in Netherlands, citing patent infringement.The stock will likely test the Rs 450 level and might even slide further.
The results on TCS are not likely to be anywhere close to Infosys. We advice short term investors to book profits at current levels of Rs 540, and long term investors should continue to hold the scrip
The results on TCS are not likely to be anywhere close to Infosys. We advice short term investors to book profits at current levels of Rs 540, and long term investors should continue to hold the scrip
Wednesday, January 14, 2009
Nifty btst will rock today
Market is likely to see some bounce today
Today the markets are likely to open positive. The other major Asian markets have also opened in green and the US markets closed mixed. The markets are likely to bounce back a little today after consecutive negative closing for so many days. In a major bailout the government has announced a package of Rs2,000 crore for Satyam’s revival. This could bring some charm in the market sentiments as well. The over all atmosphere across Asia looks good and therefore in today’s trade we expect the markets to be trading northward with a pinch of volatility
Key Results Today: HDFC Bank, GTL Infra, NIIT Tech and PSI Data Systems
Nifty (2745) Sup 2700 Res 2795
Bharati , tata steel on radar
To know more subscribe
Today the markets are likely to open positive. The other major Asian markets have also opened in green and the US markets closed mixed. The markets are likely to bounce back a little today after consecutive negative closing for so many days. In a major bailout the government has announced a package of Rs2,000 crore for Satyam’s revival. This could bring some charm in the market sentiments as well. The over all atmosphere across Asia looks good and therefore in today’s trade we expect the markets to be trading northward with a pinch of volatility
Key Results Today: HDFC Bank, GTL Infra, NIIT Tech and PSI Data Systems
Nifty (2745) Sup 2700 Res 2795
Bharati , tata steel on radar
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Tuesday, January 13, 2009
Sell IT Stocks
WiproWe recommend a sell in Wipro stock from a short-term trading horizon. It is apparent from the charts of Wipro that it has been on a long-term downtrend from its February 2007 peak of Rs 690. Since then the stock has been forming lower peaks and lower troughs. In September, this downtrend accelerated and the stock witnessed a steep decline.
However, the stock found support at Rs 181 in late October and bounced back. We notice the formation of a descending triangle pattern spanning over the past two months, with the lower horizontal line at Rs 220. This pattern is a bearish continuation pattern.
On January 12, the stock plummeted by 9 per cent, accompanied with heavy volume. The stock is currently testing the lower horizontal line. The weekly relative strength index (RSI) features in the bearish zone.
We are bearish on the stock from a short-term perspective. We anticipate the stock to penetrate its lower horizontal line and decline until it hits our price target of Rs 204. Traders with short-term perspective can sell the stock, while maintaining a stop-loss at Rs 238.
Infosys Technologies Q3 consolidated net profit rose 33.3% to Rs 1,641 crore for the quarter ended December 31, 2008 as against Rs 1,231 crore in the corresponding quarter a year ago
No positive surprises were expected from Infosys and it was expected to miss its reported dollar guidance
The outlook on the industry remains weak.
However, the stock found support at Rs 181 in late October and bounced back. We notice the formation of a descending triangle pattern spanning over the past two months, with the lower horizontal line at Rs 220. This pattern is a bearish continuation pattern.
On January 12, the stock plummeted by 9 per cent, accompanied with heavy volume. The stock is currently testing the lower horizontal line. The weekly relative strength index (RSI) features in the bearish zone.
We are bearish on the stock from a short-term perspective. We anticipate the stock to penetrate its lower horizontal line and decline until it hits our price target of Rs 204. Traders with short-term perspective can sell the stock, while maintaining a stop-loss at Rs 238.
Infosys Technologies Q3 consolidated net profit rose 33.3% to Rs 1,641 crore for the quarter ended December 31, 2008 as against Rs 1,231 crore in the corresponding quarter a year ago
No positive surprises were expected from Infosys and it was expected to miss its reported dollar guidance
The outlook on the industry remains weak.
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