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.
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Monday, October 5, 2009
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.
Wednesday, September 30, 2009
Time to Prepare yourself
The opening moments will be dominated more by Oil India’s listing. The market will be keen to see how the stock behaves after a tepid debut for Adani Power and NHPC. We expect another positive start though Asian stock markets are mixed after overnight losses on Wall Street. If global cues remain indecisive the market might just turn choppy again being a curtailed week
Short term traders are advised to play in Midcaps as this space continues to outperform the rest of the market and is likely to ignore the market trend. India Cements might be active on the bourses on the company's plans to invest Rs 500 crore in two 50 MW power plants. Investors with some risk appetite could look at accumulating fertilizer stocks like Nagarjuna Fert and Chambal Fertilizers as we believe that there will be a run up in these stocks in the case of a rally beyond 17,000 on the Sensex
Two Consecutive Close Above...16990.50 Mark........Will Take BSE SENSEX....More Higher....And One Can Expect a Levels
Short term traders are advised to play in Midcaps as this space continues to outperform the rest of the market and is likely to ignore the market trend. India Cements might be active on the bourses on the company's plans to invest Rs 500 crore in two 50 MW power plants. Investors with some risk appetite could look at accumulating fertilizer stocks like Nagarjuna Fert and Chambal Fertilizers as we believe that there will be a run up in these stocks in the case of a rally beyond 17,000 on the Sensex
Two Consecutive Close Above...16990.50 Mark........Will Take BSE SENSEX....More Higher....And One Can Expect a Levels
Tuesday, September 29, 2009
Nifty Btst will Rock
Stocks on Dalal Street are ready get back in to rally mode, after losing ground in the past week. Expect the benchmark index or the Sensex to gain one percent or 160 points to close at 16,850.00 level, giving it a shot at surpassing the 17,000 mark in the sessions to come
We like pharma space in today's trade. Lupin is likely to put up a strong show after acquiring US rights for Anatara a anti-cholestrol drug from US based Oscient Pharma.Dr Reddy is our favorite for the day even after surging 11 percent on Friday. This stock has a long way to go from here and we expect a some MNC picking up substantial stake in this bluechip. We see a target of Rs 1300 on this stock int he short run.
Midcaps space is ready to fire some cylinders once again after putting on a good show even in a falling market. L.T Foods, Kalindee Rail, Oswal Chemicals,Orchid Chemicals and GTL Infra were among the leaders. We like GTL Infra from a speculative stand point for day trades as the stock looks poised for a strong move for the second day in a row.
Midcap IT space looks poised for an up move with Satyam,Polaris, Aftek Ltd and Mindtree in the lead. Investors should watch out for stocks like Amar Remedies, Gokul Refoils and Renuka Sugars for some quick gains
We like pharma space in today's trade. Lupin is likely to put up a strong show after acquiring US rights for Anatara a anti-cholestrol drug from US based Oscient Pharma.Dr Reddy is our favorite for the day even after surging 11 percent on Friday. This stock has a long way to go from here and we expect a some MNC picking up substantial stake in this bluechip. We see a target of Rs 1300 on this stock int he short run.
Midcaps space is ready to fire some cylinders once again after putting on a good show even in a falling market. L.T Foods, Kalindee Rail, Oswal Chemicals,Orchid Chemicals and GTL Infra were among the leaders. We like GTL Infra from a speculative stand point for day trades as the stock looks poised for a strong move for the second day in a row.
Midcap IT space looks poised for an up move with Satyam,Polaris, Aftek Ltd and Mindtree in the lead. Investors should watch out for stocks like Amar Remedies, Gokul Refoils and Renuka Sugars for some quick gains
Friday, September 25, 2009
Strategy for Today's
Stocks are likely to open lower and might continue to be in red for the rest of the session. Expect, more than 100 point correction, with midcaps taking the beating.The stock of UCO Bank stood out among the midcaps, as the stock gained more than 11 percent and closed at RS 55. We recommend booking profits in this stock. Hyderabad operators are getting increasing active in Celestial Labs, which has gained more than 8 percent for the second day in a row.Dena Bank was among the top gainers along with Granules India which spurted on news of preferential allotment to its promoters.We recommend investors to stay away from the market and sit on the sidelines and short sellers could look in to shorting Banking and Real Estate stocks
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Thursday, September 24, 2009
Negative opening on cards, Markets likely to recover late in the day
Stocks on Dalal Street are likely to open lower after correcting by nearly on percent on Wednesday. Expect the banchmark index or the Sensex to open lower by 0.5 percent or 70 to 80 points. Do not expect a big fall in the index, as we believe that there might be a bounce in the later half of the day, as the underlying tone is still bullish
Expect a lower open, but stocks are likely to recover in the later half of the day as we see a strong support at 16,680.00. Do not short this market, as we are not over with the bull run yet. We recommend investors to take intra-day positions if the market falls more than 150 points
Nifty 4915-20 levels support for Rebound sl 4885
Expect a lower open, but stocks are likely to recover in the later half of the day as we see a strong support at 16,680.00. Do not short this market, as we are not over with the bull run yet. We recommend investors to take intra-day positions if the market falls more than 150 points
Nifty 4915-20 levels support for Rebound sl 4885
Wednesday, September 23, 2009
Nifty weak only Below 4995 and strong above 5035
There is a strong possibility of the Sensex test the 17,000 mark during the day.
It’s no tiny matter that the market has run this far. Today, we expect a flat start though. Mixed global cues, uncertain external environment and Thursday’s F&O expiry could stop the bulls in their tracks momentarily
The stock of Kingfisher Airlines might see some pressure after the company may raise as much as $175 million selling shares and global depository receipts to repay debt. Also, Reliance Communications might be under the radar, as the company's subsidiary Reliance Infratel gets ready for an IPo some time soon
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It’s no tiny matter that the market has run this far. Today, we expect a flat start though. Mixed global cues, uncertain external environment and Thursday’s F&O expiry could stop the bulls in their tracks momentarily
The stock of Kingfisher Airlines might see some pressure after the company may raise as much as $175 million selling shares and global depository receipts to repay debt. Also, Reliance Communications might be under the radar, as the company's subsidiary Reliance Infratel gets ready for an IPo some time soon
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