Expect the Sensex to drop nearly 2 percent or 250 points for the day below the 12,000 mark.
The markets are likely to be shaky on negative cues from abroad and a high degree of uncertainty on the political front, as the exit pole results suggest a tie between UPA and NDA. Metal, IT and FMCG were on the losing end. We are likely to see big slide in Realty, Auto and Banking stocks today. Stay away from these sectors for the next two days.
Book profits in Axis Bank, Suzlon, Hindalco, L&T and Sterlite Ind as these stocks have gained decent ground in the past month.Exit Unitech, DLF and other second rung Realty counters.Exit midcap counters and stay away from the market for the next few days.
Investors are advised to take some money of the table in KEC International, Ashapura Minechem and IndiaBulls financial Services, as we believe that these stocks have stretched a little bit more than warranted. Overall, a choppy market is in the offing and bears might dominate for the next few days.
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Thursday, May 14, 2009
Wednesday, May 13, 2009
Action to continue in Midcaps
Stock on radar- Indiabulls realstate, Power Stock
Stocks on Dalal Street might take a breather after gaining nearly 4 percent on Tuesday. we might witness some profit booking at this level as 12,250.00 level on the Sensex has been a big hurdle to surpass.
IT led the gainers as the sectoral index jumped nearly 5 percent and it is more likely that the gains in this sector will sustain after intel's comments about improving fundamentals in the tech space. Banking and Oil remained firm. Stocks like Cairn India and other drilling stocks like Sustain might maintain their momentum as the price of crude continued to be strong at $60.
Midcap IT stocks like 3i Infotech and Polaris have shown great momentum on huge volumes and are likely to be active in today's trade.It is not a bad idea to look at some media stocks like TV18, Balaji Tele and Sun TV as they look attractive for a short term trade. Traders should keep a close on eye on stocks like Bajaj Hindustan, Geojit Securities and GTL Infra for some intra-day action.
Stocks on Dalal Street might take a breather after gaining nearly 4 percent on Tuesday. we might witness some profit booking at this level as 12,250.00 level on the Sensex has been a big hurdle to surpass.
IT led the gainers as the sectoral index jumped nearly 5 percent and it is more likely that the gains in this sector will sustain after intel's comments about improving fundamentals in the tech space. Banking and Oil remained firm. Stocks like Cairn India and other drilling stocks like Sustain might maintain their momentum as the price of crude continued to be strong at $60.
Midcap IT stocks like 3i Infotech and Polaris have shown great momentum on huge volumes and are likely to be active in today's trade.It is not a bad idea to look at some media stocks like TV18, Balaji Tele and Sun TV as they look attractive for a short term trade. Traders should keep a close on eye on stocks like Bajaj Hindustan, Geojit Securities and GTL Infra for some intra-day action.
Tuesday, May 12, 2009
Steel Sell...Subscribe to know more
Yesterday Sell NIFTY FUTURE @ 3619. Just See.......What's Happen Afterward Nifty Nose Dive to 3532 Mark.................
As predicted by us, we have seen a slide in the markets yesterday and this bear run is likely to extend to Tuesday's trade. There was heavy selling in Realty stocks yesterday as investors were not confident about a quick turnaround in the sector. We are likely to see the selling extending to Auto and Metals in today's trade.
Investors could short stocks in Auto, Metal and Banking sectors. We would like to reiterate our 'sell' call on TVS Motors and there is some easy money to be made here. Banking stocks like Axis Bank and ICICI Bank might give their gains today and buying banks is not recommended atleast for the short term.
Our favorite Tulip IT surged again on huge volumes and it is time to book partial profits in this stocks around Rs 625. The long term growth story is intact for long term investors in this stock.Exit speculative thrid rung counters and even some midcap stocks like Resurgere Mines an Surana Corp. Go short, if the market opens lower by 50 to 100 points. Stay away from short selling if there is a big gap down, as you don't want to be caught in a short covering rally.
As predicted by us, we have seen a slide in the markets yesterday and this bear run is likely to extend to Tuesday's trade. There was heavy selling in Realty stocks yesterday as investors were not confident about a quick turnaround in the sector. We are likely to see the selling extending to Auto and Metals in today's trade.
Investors could short stocks in Auto, Metal and Banking sectors. We would like to reiterate our 'sell' call on TVS Motors and there is some easy money to be made here. Banking stocks like Axis Bank and ICICI Bank might give their gains today and buying banks is not recommended atleast for the short term.
Our favorite Tulip IT surged again on huge volumes and it is time to book partial profits in this stocks around Rs 625. The long term growth story is intact for long term investors in this stock.Exit speculative thrid rung counters and even some midcap stocks like Resurgere Mines an Surana Corp. Go short, if the market opens lower by 50 to 100 points. Stay away from short selling if there is a big gap down, as you don't want to be caught in a short covering rally.
Monday, May 11, 2009
Book Profit at opening in Longs
We expect a marginally positive opening for Indian markets and a choppy day. Most players will prefer to stay cautious due to uncertainty over the outcome of elections
Some experts are suggesting caution as valuations have run up too fast without a significant change in fundamentals
Indian stocks might open higher but might give up their gains as the trade progresses in the day. Most of the market men believe that Indian equities might be nervous ahead of the election results in the later part of the week. Expect for a positive opening on the Sensex but stocks might wilt towards the final hour of the session
There is a strong possibility for the banking stocks to outperform other sectors in today's trade. We recommend investors to book profits in the banking stocks on early gains today.Tea stocks like Harrison Malyalam and Jayshree Tea have shown a very big move on Friday and we do not see more steam left in these stocks. Exit these counters.
We recommend a 'Sell' on TVS Motors at the current market price of Rs 42, as the valuations look stretched at these levels. One could stick with Hero Honda and Ashok Leyland, if you want to stay invested in the Auto sector. We also recommend investors to book profits in Realty and metal sectors, as these stocks are likely to correct in the coming days.
The markets are nervous and might be volatile in the coming days. We believe that the current market scenario provides short sellers with a short term opportunity to make some decent money. We expect a positive opening, but doubt that the trend will continue for the rest of the day. Bears have a strong chance to pounce at anytime as markets look jittery
Some experts are suggesting caution as valuations have run up too fast without a significant change in fundamentals
Indian stocks might open higher but might give up their gains as the trade progresses in the day. Most of the market men believe that Indian equities might be nervous ahead of the election results in the later part of the week. Expect for a positive opening on the Sensex but stocks might wilt towards the final hour of the session
There is a strong possibility for the banking stocks to outperform other sectors in today's trade. We recommend investors to book profits in the banking stocks on early gains today.Tea stocks like Harrison Malyalam and Jayshree Tea have shown a very big move on Friday and we do not see more steam left in these stocks. Exit these counters.
We recommend a 'Sell' on TVS Motors at the current market price of Rs 42, as the valuations look stretched at these levels. One could stick with Hero Honda and Ashok Leyland, if you want to stay invested in the Auto sector. We also recommend investors to book profits in Realty and metal sectors, as these stocks are likely to correct in the coming days.
The markets are nervous and might be volatile in the coming days. We believe that the current market scenario provides short sellers with a short term opportunity to make some decent money. We expect a positive opening, but doubt that the trend will continue for the rest of the day. Bears have a strong chance to pounce at anytime as markets look jittery
Friday, May 8, 2009
Shipping Stock On Radar
We would like to recommend shipping stocks and related stocks. Stocks like Shipping corp are looking attractive at Rs 90. Other related stocks like Bhartiship Yard and ABG look hot and might break out from the current levels and there is a lot of room for run up.Great Offshore looks like a great bet after Bharti Shipyard picked up nearly 15 percent stake in the firm.
Day traders are adviced to keep an eye on GE Shipping, Bank of Rajasthan and last but not the least GMR Infra, which are looking great from short term trading prespective. Overall, a positive close for the week is in the making with midcaps leading the way
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Day traders are adviced to keep an eye on GE Shipping, Bank of Rajasthan and last but not the least GMR Infra, which are looking great from short term trading prespective. Overall, a positive close for the week is in the making with midcaps leading the way
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Thursday, May 7, 2009
Cairn To watch for Bulls
Today Above 3635.50 Mark is Reserved for Bulls to Catch the Fire...................Above that Mark......Nifty Future All D Way Will Hit 3675 & 3685.50
Stocks in Mumbai are likely to climb on opening bell after a day of correction due to profit booking. The benchmark index or the Sensex is likely to gain more than 100 points or 1 percent and climb back over the magic 12,000 mark
Investors have booked profits in stocks in the afternoon session on Wednesday leading to sudden dip in the final hours of the trade. We advice traders to buy stocks in Realty and Banking sectors, as these sectors might see a bounce after a some selling. Unitech, DLF and ICICI Bank might bounce back and recover their losses from yesterday.
Tulip Telecom has gained in a big way surging 24 percent and remains our favorite play among the midcap sector. This stock has still some room left. MIC electronics is another midcap speculative play that is looking technically strong and has some more upside. This stock is only for risk takers. Among other stocks, we are bullish on Uco Bank, KSK Energy and Birla Power
Stocks in Mumbai are likely to climb on opening bell after a day of correction due to profit booking. The benchmark index or the Sensex is likely to gain more than 100 points or 1 percent and climb back over the magic 12,000 mark
Investors have booked profits in stocks in the afternoon session on Wednesday leading to sudden dip in the final hours of the trade. We advice traders to buy stocks in Realty and Banking sectors, as these sectors might see a bounce after a some selling. Unitech, DLF and ICICI Bank might bounce back and recover their losses from yesterday.
Tulip Telecom has gained in a big way surging 24 percent and remains our favorite play among the midcap sector. This stock has still some room left. MIC electronics is another midcap speculative play that is looking technically strong and has some more upside. This stock is only for risk takers. Among other stocks, we are bullish on Uco Bank, KSK Energy and Birla Power
Wednesday, May 6, 2009
Buy Sugar Stock and Core Project
Buy NDMC no sl ...
Stocks on Dalal Street are likely to witness another flat day, as investors are likely to book profits and lock in their gains after a dramatic run in equities for the past 2 months. Expect the benchmark index or the Sensex to trade between 12050 and 12250 for the day.
As expected Realty and select banking stocks were in the limelight on Tuesday's trade. We advice investors to lighten up on their trading positions and book some profits in Wednesday's trade. The past 5 sessions have been really profitable for the traders and it is now time to take some money off the table.
Sugar stocks were on fire yesterday and Bajaj Hindustan stood out on huge volumes with a gain of 24 percent. We see some more steam after a pull back in this stocks and Rs 125 could be a reasonable target. Shipping stocks might extend their gains further after some correction.
Day traders could look at some midcap stocks JP Hydro, UCO Bank, Era Infra and KSK Energy. We recommend cutting positions in technology firms as they are likely to underperform in the near term, thanks to the new plan by Obama to eliminate tax incentives for US companies that encourages American firms to ship jobs overs
Stocks on Dalal Street are likely to witness another flat day, as investors are likely to book profits and lock in their gains after a dramatic run in equities for the past 2 months. Expect the benchmark index or the Sensex to trade between 12050 and 12250 for the day.
As expected Realty and select banking stocks were in the limelight on Tuesday's trade. We advice investors to lighten up on their trading positions and book some profits in Wednesday's trade. The past 5 sessions have been really profitable for the traders and it is now time to take some money off the table.
Sugar stocks were on fire yesterday and Bajaj Hindustan stood out on huge volumes with a gain of 24 percent. We see some more steam after a pull back in this stocks and Rs 125 could be a reasonable target. Shipping stocks might extend their gains further after some correction.
Day traders could look at some midcap stocks JP Hydro, UCO Bank, Era Infra and KSK Energy. We recommend cutting positions in technology firms as they are likely to underperform in the near term, thanks to the new plan by Obama to eliminate tax incentives for US companies that encourages American firms to ship jobs overs
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