The markets have traded in negative territory for the most of Tuesday but managed to close above the dotted line in the final hour of trade.Consumer durables, metal and auto sectors performed relatively better than rest of the sectors. Tata Steel, SAIL and Tata Motors were among the major gainers and these stocks are likely to be firm today.
We like some select stocks in today's trade.The stocks of Satyam computer is likely to steal the limelight for the second day in a row as there is some speculative build up by the operators ahead of the closure of the open offer. The stock might touch Rs 70 in the coming days and is a good bet for traders with risk appetite.
We also like the oil pack HPCL, BPCL & IOC ahead of the regualtion and believe that there is still a 20-30 percent move left in these stocks. Micap and smallcap stocks might cool off a bit, as they ae witnessing some profit booking after a massive run up.
For today's trade watch out for tea stocks like Mcleod Russel, Infra stocks like Orbit Corp, GMR Infra and last but not the least Power Finance Corporation and NALCO might join the parade. Overall, expect a positive day but not do not expect a big up move
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Wednesday, June 3, 2009
Tuesday, June 2, 2009
Fertilizer related Stock to watch
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Commodities might lead the bull run as the prices of metals firmed up due to the falling dollar. Crude was a major beneficiary of the weakness in the dollar. The price of oil touched $ 68 mark today in Nymex. Cairn India, Essar Oil and Reliance Petroleum might trade up. In the metal space we stock with Sterlite Ind.
Auto Stocks like Tata Motors and Mahindra might catch some attention as they are likely to benefit at least to some extent, by the branktptcy of US auto giant GM.We like Tata Motors in particular from the auto space.
There was some brisk trading in some select Hotel stocks yesterday. Hotel Leela has seen a volume of more than 12 million shares on the NSE and the scrip was locked in 20 percent circuit.Other stocks in the sector like Taj GVK and Royal Orchid ended with strong gains.HPCL, IndiaBulls Real Estate, Power Finance and GMR Infra along with airline stocks like Spice Jet and Kingfisher Air are the stocks to keep on radar for today's trade.
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Commodities might lead the bull run as the prices of metals firmed up due to the falling dollar. Crude was a major beneficiary of the weakness in the dollar. The price of oil touched $ 68 mark today in Nymex. Cairn India, Essar Oil and Reliance Petroleum might trade up. In the metal space we stock with Sterlite Ind.
Auto Stocks like Tata Motors and Mahindra might catch some attention as they are likely to benefit at least to some extent, by the branktptcy of US auto giant GM.We like Tata Motors in particular from the auto space.
There was some brisk trading in some select Hotel stocks yesterday. Hotel Leela has seen a volume of more than 12 million shares on the NSE and the scrip was locked in 20 percent circuit.Other stocks in the sector like Taj GVK and Royal Orchid ended with strong gains.HPCL, IndiaBulls Real Estate, Power Finance and GMR Infra along with airline stocks like Spice Jet and Kingfisher Air are the stocks to keep on radar for today's trade.
Monday, June 1, 2009
Buy RCOM,ADLABS in truck load.
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We like commodity related stocks like Sterlite Ind, SAIL and Hindalco on today's trading. Metals sector is taking a bet in the short term as hot money is flowing in to these sectors and we might see a sharp move on some speculative buying.
Shipping is another sector we think is a decent trade at current levels. Investors could bet on recovery in global trade and firming shipment rates. The Baltic Dry index that tracks the shipping rates has vaulted by 96 percent for the month of May.Shipping related stocks like Bharati Shipyard, Great Offshore Ltd and shipping stocks like Mercator lines, Varun Shipping and Shipping Corp might see some demand.
Oil stocks are looking hot ahead of deregulation and HPCL, BPCL, Indian Oil are some of the major beneficiaries of the move. Also watch out for stocks like Vishal Retail, Opto circuits, Nalco and Mcleod Russel in today's trade.Over all a flat to negative day with stock specific activity in the offing for investors in Dalal Street.
We like commodity related stocks like Sterlite Ind, SAIL and Hindalco on today's trading. Metals sector is taking a bet in the short term as hot money is flowing in to these sectors and we might see a sharp move on some speculative buying.
Shipping is another sector we think is a decent trade at current levels. Investors could bet on recovery in global trade and firming shipment rates. The Baltic Dry index that tracks the shipping rates has vaulted by 96 percent for the month of May.Shipping related stocks like Bharati Shipyard, Great Offshore Ltd and shipping stocks like Mercator lines, Varun Shipping and Shipping Corp might see some demand.
Oil stocks are looking hot ahead of deregulation and HPCL, BPCL, Indian Oil are some of the major beneficiaries of the move. Also watch out for stocks like Vishal Retail, Opto circuits, Nalco and Mcleod Russel in today's trade.Over all a flat to negative day with stock specific activity in the offing for investors in Dalal Street.
Friday, May 29, 2009
Carin,Onmobile, Gic Housing to run
Metals and PSU stocks were active in yesterday's trading. Metals might continue their up move an are in a clear uptrend.Investors are advised to focus on textile and power stocks for the next few sessions.
We like Alok Textiles, Bombay Rayon, Gokuldas Exports and Garware Wall in this sector . We strongly believe that this sector is getting for a re-rating after lying lows for the past few years. Also, keep a close eye on leather apparel stocks like Crew Bos, Evinix Accessories and Mirza tanneries to take advantage of the sops that will be announced soon.
Lanco Infra, Arvind Ind, Radico Khaitan,Voltas and Welspun Guj are some of the stocks to keep on the radar for intra day trades. Overall a higher opening is on the cards for the Sensex with a great finish to the week.
We like Alok Textiles, Bombay Rayon, Gokuldas Exports and Garware Wall in this sector . We strongly believe that this sector is getting for a re-rating after lying lows for the past few years. Also, keep a close eye on leather apparel stocks like Crew Bos, Evinix Accessories and Mirza tanneries to take advantage of the sops that will be announced soon.
Lanco Infra, Arvind Ind, Radico Khaitan,Voltas and Welspun Guj are some of the stocks to keep on the radar for intra day trades. Overall a higher opening is on the cards for the Sensex with a great finish to the week.
Thursday, May 28, 2009
Flat to down opening seen in Market
We expect the market to be range bound in the 4200 and 4300 zone
in today’s trade and consolidate its gains. We continue
to maintain our short-term view that the Nifty may
consolidate in a range of 4100-4300 for a few days,
before marching upwards
The Nifty spot has supports at 4235, 4190 and
resistances at 4300, 4350
Maximum accumulation of OI was seen in the textile sector followed by fertiliser and telecom. Some unwinding was seen in the infrastructure space
• All textile counters had a magnificent rally in yesterday’s session on the back of significant long build up in OI. Positive
momentum is likely to continue in ALOKTEXT and ARVIND MILL
• After a profit booking session we again saw positive OI accumulation in fertiliser counters like CHAFER and NAGFER
• Telecom stocks like IDEA and MTNL added noteworthy long positions while short covering was seen in RELCOM.
BHARTI added significant contracts in OI along with a drop in price and surge in volumes. Shorts got added on the
second consecutive day in Bharti
• Fresh shorts got added in all sugar counters on the back of trading ban on sugar in commodities market
• As we pointed out yesterday, decent short covering was observed in infrastructure stocks like NAGARCONST,
GMRINFRA and HDIL
in today’s trade and consolidate its gains. We continue
to maintain our short-term view that the Nifty may
consolidate in a range of 4100-4300 for a few days,
before marching upwards
The Nifty spot has supports at 4235, 4190 and
resistances at 4300, 4350
Maximum accumulation of OI was seen in the textile sector followed by fertiliser and telecom. Some unwinding was seen in the infrastructure space
• All textile counters had a magnificent rally in yesterday’s session on the back of significant long build up in OI. Positive
momentum is likely to continue in ALOKTEXT and ARVIND MILL
• After a profit booking session we again saw positive OI accumulation in fertiliser counters like CHAFER and NAGFER
• Telecom stocks like IDEA and MTNL added noteworthy long positions while short covering was seen in RELCOM.
BHARTI added significant contracts in OI along with a drop in price and surge in volumes. Shorts got added on the
second consecutive day in Bharti
• Fresh shorts got added in all sugar counters on the back of trading ban on sugar in commodities market
• As we pointed out yesterday, decent short covering was observed in infrastructure stocks like NAGARCONST,
GMRINFRA and HDIL
Wednesday, May 27, 2009
Stocks set to bounce back, focus shifts to large cap stocks
Stocks on Dalal Street are likely to recover from the sell off we have seen in the later half of the day. The Sensex is likely to gain nearly 3 percent erasing yesterday's losses. Watch out for Realty, Power and Banking stocks to lead the gainers.
Tuesday's sell off has seen some deep correction in Realty an Banking stocks which have lost more than 3 percent for the day. IT was the only sector that was immune to the bear attack. Sterlite Ind, Hindalco an Wipro Ltd bucked the trend by finishing off in green.
We expect yesterday's losers like Reliance Capital and Reliance Communications to bounce back in today's trade. Midcaps continues their winning streak an are likely to stay positive today. We do not expect a run away rally in midcaps today, as heavy weights are likely to outperform.
Spice Communications, Dishman Pharma, Era Infra, Archies and Fedders Lloyd were among the among major gainers in yesterday's trade. Jindal Power, MRPL, Austral Coke and GMDC are the stocks to watch out in today's trade. Overall a bullish day in the offing with bulls taking the battle back to the bears.
Tuesday's sell off has seen some deep correction in Realty an Banking stocks which have lost more than 3 percent for the day. IT was the only sector that was immune to the bear attack. Sterlite Ind, Hindalco an Wipro Ltd bucked the trend by finishing off in green.
We expect yesterday's losers like Reliance Capital and Reliance Communications to bounce back in today's trade. Midcaps continues their winning streak an are likely to stay positive today. We do not expect a run away rally in midcaps today, as heavy weights are likely to outperform.
Spice Communications, Dishman Pharma, Era Infra, Archies and Fedders Lloyd were among the among major gainers in yesterday's trade. Jindal Power, MRPL, Austral Coke and GMDC are the stocks to watch out in today's trade. Overall a bullish day in the offing with bulls taking the battle back to the bears.
Tuesday, May 26, 2009
Indices to stay flat, time to trim positions in speculative counters
Stocks on Dalal Street are likely to trade flat, as investors are not convinced about the long term sustainability of the bull run. The benchmark index or the Sensex is likely to trade closer the magic 14,000 mark. Midcaps might continue to outperform and do not look tired any time soon
Realty and Healthcare stocks were in demand yesterday, while banking and power stocks took a breather.A total of 1250 scrips hit the upper circuit on the BSE and nearly 90 percent are them are not even in the BSE-500 index.We recommend investors to book profits in these stocks as the sky might be falling anytime for second and third rung counters.
Pharma major Ranbaxy spiked more than 20 percent to close at Rs 267 and another major move in this stock could be used to book profits in this stock at nearly Rs 290 level.Other major gainers include Nocil, Jaiprakash hdro and blue Bird.PSU stocks might see a good day aftre news reports that the disinvestment program is in fast track.
The markets are likely to mimic yesterday's trade with major indices in a narrow band and speculative action in speculative names.Alps Ind, Agrotech Foods, JPHydro, Man Ind, Emco Ltd and Brigade Enterprises might show some interesting moves in today's trade
Realty and Healthcare stocks were in demand yesterday, while banking and power stocks took a breather.A total of 1250 scrips hit the upper circuit on the BSE and nearly 90 percent are them are not even in the BSE-500 index.We recommend investors to book profits in these stocks as the sky might be falling anytime for second and third rung counters.
Pharma major Ranbaxy spiked more than 20 percent to close at Rs 267 and another major move in this stock could be used to book profits in this stock at nearly Rs 290 level.Other major gainers include Nocil, Jaiprakash hdro and blue Bird.PSU stocks might see a good day aftre news reports that the disinvestment program is in fast track.
The markets are likely to mimic yesterday's trade with major indices in a narrow band and speculative action in speculative names.Alps Ind, Agrotech Foods, JPHydro, Man Ind, Emco Ltd and Brigade Enterprises might show some interesting moves in today's trade
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