Mumbai markets might turn volatile today as investors get ready to face the earnings report from IT bell weather Infosys Technologies. Stocks are headed for slightly positive open but Infosys might attract all attention and is likely to set the tone for the trend on Dalal Street. Today is a good day for the traders to stay on the side lines
There are rumors in the market that a big FII has a short position in Nifty futures and is probably manipulating the moves in the market.
We are 'Neutral' on Infosys stock before the quarterly numbers.Given a chance, we would side with the bears on this stock at Rs 2210.00. The stock had a decent run and the positives are probably priced in to stock. So stay away from this stock for now.
The so called 'honey moon' period for Midcaps is still in progress with speculators still active in the market.Gammon Ind, W.S.Industries, Sun Pharma Research and Tantia Constructions were among the gainers in yesterday'strade. Mercator Lines jumped nearly 10 percent as the Baltic Index continued to gain for the third day in a row.Infosys, Piramal Life, South Indian Bank and Madhucon projects are the stocks that the traders should watch out from a day trading perspective. We advice traders to stay away from the market today, as we might witness wild swings.
Friday, October 9, 2009
Thursday, October 8, 2009
It is 'Bonus time' for Bulls
Stocks are likely to have a stronger open in the first hour of trade, as buyers might get back to the market after a day of correction. Bonus news from Reliance and positive sentiment following better than expected quarterly numbers from global major Alcoa are likely to provide the much needed trigger for the bulls
Reliance Ind (Rs2,100) came up with a pleasant surprise after the market hours by announcing a 1:1 bonus issue. This is likely to boost the stock by more than 5 percent for the day. We recommend investors to sell the stock at any price above Rs 2,250.00, as we see it as a short term trigger for the stock.
Zee Enterprises is another stock that looks attractive at these valuations (Rs 243). The company looks attractive at these levels, as things are going well for the company in many ways. Zee TV nudged Star Plus to take the second spot among the general entertainment channels.
Second rung counters continued to gain even in a falling market. Glory Poly Films, Onward Technologies, Brand House Retail and Yes Bank were among the briskly traded stocks. Godrej Ind crossed the Rs 200 mark as investors bid up the shares ahead of Godrej Properties IPO. We are of the opinion that the sell off in the market yesterday, on concerns of falling rupee is clearly over done and short term traders should use this correction to buy the dips, as the trend favors bulls in the short term
Reliance Ind (Rs2,100) came up with a pleasant surprise after the market hours by announcing a 1:1 bonus issue. This is likely to boost the stock by more than 5 percent for the day. We recommend investors to sell the stock at any price above Rs 2,250.00, as we see it as a short term trigger for the stock.
Zee Enterprises is another stock that looks attractive at these valuations (Rs 243). The company looks attractive at these levels, as things are going well for the company in many ways. Zee TV nudged Star Plus to take the second spot among the general entertainment channels.
Second rung counters continued to gain even in a falling market. Glory Poly Films, Onward Technologies, Brand House Retail and Yes Bank were among the briskly traded stocks. Godrej Ind crossed the Rs 200 mark as investors bid up the shares ahead of Godrej Properties IPO. We are of the opinion that the sell off in the market yesterday, on concerns of falling rupee is clearly over done and short term traders should use this correction to buy the dips, as the trend favors bulls in the short term
Wednesday, October 7, 2009
Book nifty BTST in good Profits
FROM LAST TWO DAYS WE RECOMANDATE TO BUY ON DIPS.MATKET GAVE CONTINOUS 2 DAYS OPERTUNITY TO BUY.WHEN WHOLE INDIA IN SHORT WE ARE IN BUY FROM DIP.AND GOT A VERY GOOD RETURNS.
Be Bulls above 5050 levels and Bear below 5005
HOT PICK:
BUY BGRENERGY ABOVE 452 SL 440 target for CLIENTS
BUY PUNJLLOYD ABOVE 265 SL 260 TARGET
275=290
We recommend owning Metal stocks in today's trade, as we believe there is a likely hood of a run up in the commodity prices on the weakness in dollar.SAIL and Hindalco are our picks in this sector and Adhunik Metaliks might offer decent return for risk takers. Jet Airways gained for the second day in a row and now it is time to book some profits in this stock at Rs 425 levels.
Second rung counters IT companies like FCS Software, Omnitech Info and 3i Infotech were active in yesterday's trade and we advice investors to book profits in FCS Software at Rs 115 levels. Investors with risk appetite could look at the stock of Energy Development at Rs 75 level for quick gains.Day traders could keep Mastek and Advanta on their radars for quick gains.
Be Bulls above 5050 levels and Bear below 5005
HOT PICK:
BUY BGRENERGY ABOVE 452 SL 440 target for CLIENTS
BUY PUNJLLOYD ABOVE 265 SL 260 TARGET
275=290
We recommend owning Metal stocks in today's trade, as we believe there is a likely hood of a run up in the commodity prices on the weakness in dollar.SAIL and Hindalco are our picks in this sector and Adhunik Metaliks might offer decent return for risk takers. Jet Airways gained for the second day in a row and now it is time to book some profits in this stock at Rs 425 levels.
Second rung counters IT companies like FCS Software, Omnitech Info and 3i Infotech were active in yesterday's trade and we advice investors to book profits in FCS Software at Rs 115 levels. Investors with risk appetite could look at the stock of Energy Development at Rs 75 level for quick gains.Day traders could keep Mastek and Advanta on their radars for quick gains.
Tuesday, October 6, 2009
Book btst Nifty on Time
Jet Airways remained strong even in a weak market as the company is planning to restructure its debt and might make a private placement soon. The stock gained 13 percent for the day on huge volumes. We recommend a 'Hold' on this stock. Stocks like Koutons Retail and Adhunik Metals gained on strong operator activity and these two stocks are likely to move sideways before resuming their upward journey.
We like banking stocks for today's trade. Investors could bet on quality banking names like ICICI Bank and Axis Bank. Traders could look at private banks like Dhanalakshmi Bank, Yes Bank and DCB for quick gains. Infosys Technologies is likely to see brisk trade ahead of the results later this week. Overall, a positive day for the stocks is in the offing with bulls in the drivers seat.
We like banking stocks for today's trade. Investors could bet on quality banking names like ICICI Bank and Axis Bank. Traders could look at private banks like Dhanalakshmi Bank, Yes Bank and DCB for quick gains. Infosys Technologies is likely to see brisk trade ahead of the results later this week. Overall, a positive day for the stocks is in the offing with bulls in the drivers seat.
Monday, October 5, 2009
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We expect a soft opening due to weak global cues
We are of the opinion that the Indian markets are getting decoupled form the US markets as the FII interest has gone up in the past few months. Investors might take a pause after seeing the Sensex double in nearly 6 months. So there might be a reality check after the Sensex scaled to new 52 week high last week. The coming week might set the tone for the rest of the quarter with Infosys and some other key companies set to report their quarterly numbers. We believe that the better earnings are already baked in to the stock prices and we need to see some exceptional numbers to build on the gains we have seen.To keep it simple, the ride for the bulls will get tough as the the bar is set high for the upcoming earnings season.
3i infotech was among the most active stocks on Thursday and finished off the day with double digit gains. It is worth noting that LIC has picked up close to a million shares of this company last week. Visa Steel and NIIT are some other counters that have witnessed huge volumes and some speculative activity. Shiv-Vani Oil, Prism Cement and Advanta India are some of the stocks that are likely to see brisk trading on Monday. Overall, not a great day for the bulls, but do not go short as things might change any moment.
We are of the opinion that the Indian markets are getting decoupled form the US markets as the FII interest has gone up in the past few months. Investors might take a pause after seeing the Sensex double in nearly 6 months. So there might be a reality check after the Sensex scaled to new 52 week high last week. The coming week might set the tone for the rest of the quarter with Infosys and some other key companies set to report their quarterly numbers. We believe that the better earnings are already baked in to the stock prices and we need to see some exceptional numbers to build on the gains we have seen.To keep it simple, the ride for the bulls will get tough as the the bar is set high for the upcoming earnings season.
3i infotech was among the most active stocks on Thursday and finished off the day with double digit gains. It is worth noting that LIC has picked up close to a million shares of this company last week. Visa Steel and NIIT are some other counters that have witnessed huge volumes and some speculative activity. Shiv-Vani Oil, Prism Cement and Advanta India are some of the stocks that are likely to see brisk trading on Monday. Overall, not a great day for the bulls, but do not go short as things might change any moment.
Thursday, October 1, 2009
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THIS MONTH IS VERY INTERESTING ............. TELLING IN ADVANCE ...NOTE DOWN
The Indian markets are likely to open lower on Thursday following a rally in the stock market indices yesterday
We do not see any threat to the run as long as we manage to stay above 16,950.00 on a closing basis.
The stock of Bharti Airtel might be under focus after the deal with MTN fell through after the South African Government did not give its approval to the pact.we do not see much impact on the stock price, but believe that this is a lost opportunity for the telecom major to make it big and have a global foot print
Watch out for oil related stocks like Cairn Energy and Shiv-Vani Oil following a rally in global crude prices. Nova Petrochem is another stock to watch closely as the news of demerger is pending next week. This stock has more room for upside at the current level of Rs 28.
The Indian markets are likely to open lower on Thursday following a rally in the stock market indices yesterday
We do not see any threat to the run as long as we manage to stay above 16,950.00 on a closing basis.
The stock of Bharti Airtel might be under focus after the deal with MTN fell through after the South African Government did not give its approval to the pact.we do not see much impact on the stock price, but believe that this is a lost opportunity for the telecom major to make it big and have a global foot print
Watch out for oil related stocks like Cairn Energy and Shiv-Vani Oil following a rally in global crude prices. Nova Petrochem is another stock to watch closely as the news of demerger is pending next week. This stock has more room for upside at the current level of Rs 28.
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