Yesterday Investors have some sought of breadth . Markets recoverd from the low of 400 points ending in green .Relaince pack with REL , REL capital , ongc, and other frontliners ended in the green .
With lots of issues like SEBI meeting on Pnotes, F&O expiry and LEFT -UPA meet ..
Still mrkst manage to end in the green . It was amazing .
The way mrkt recovered is a the symbol that we are on a rising economy .
Till nifty manage to stay above 5000 investors are in no hurry to unwind their positions . Markets are trapping the shorters so we advise u to stay away from shorting any script as until u dont have complete analysis.
Yesterday meet of SEBI and FII's ended in very positive zone . SEBI fastened the process of clearing the FII's and cleared as much 19 FII's in single day .
WIth the long term investment option ppl can buy in small chunks , A 25-40 % of ur investment can be done at this stage.
Abv 5250 nifty can bounce back any time and if crosses 5400 we will be again in a bull zone .
But we still advise to stay away from F&O until the position gt cleared till 25th .
RIL is in newzz again of gas .. keep an eye .. abv 2200 we hv trgt of 2900-3000 on this script.
RNRL is a accumulate at this lvls for 120 + trgt in 2-3 months .
Megasoft gained almost 20% yesteday .. its a good company with gr8 fundamentals ...
Teledata announced the record date .. of its demerger .
Rajest expoerts also announced the bonus and split ..
its a buy on every decline.
Moser baer soon gonna list its foreign entity ..it will unlock value for its holders its also in newz for some JV ..
GTL came out with brilliant nos ..
TTML applies forGSM .. license..
Triveni entered a JV with GE for compressors ..
RCOM is a buy at every decline ..
Sensex is bouncing back from its lows and is not breaking the support of 17K ..whicg is good .
we still suggest u to wait and watch till 25th and let mrkts gt settled dwn a bit ..
have a grt trading DAY ..
Tuesday, October 23, 2007
Monday, October 22, 2007
Stocks to watch out today( 22-Oct -07)
US markets faced a fall of more then 350 + points on Friday . The fall came on account of weak nos by companies , also some hosing data is also coming which gave jitters to DOW jones.
Taking the Global cueues the Asian mrkts too fell more then 3 % with All Nikkei and HangSang down . But India got its different story . The party was over with the P-Notes issue raised by SEBI and we believe one shuld stay away as till the Issue got cleared .
.
Ahead of the F&O expiry the mrkts are expected to be volatile and we can see lot of swings which could eat up ur money if u r intraday trader.
.Below 17200 mrkst try to recover on Friday but as of now if SEBI applies the new rules we may see some more fall in Indian mrkts and below 17200 , 16500 is wat we may face support .
Lots of Good results came out on this weekend like ICICI where PAT rose to 33% .
Ultratech too came out with good nos .
.
SEBI and FD ahead of the issues gonna clear 50 FII's very early with there policy .
There is also an important meeting today with UPA for N-DEAL , that shuld also be watched out by D-Street carefully .
.
But one thing is sure mrkst are not looking good as of now . And we would sugest to stay with cash until all get settld dwn .
Traders can play but be ready to get ur Stop loss triggered as volatility is not ruled out and at this point of time larger then expected volatility what we can see.
Technology is a safer bet this point of time if u wanna play as they underperformed in the rally and hardly any stock rose with the huge rally in sensex.
One can take is as a safer side and switch to tech sector for the time being .
.
Reliance is looking to hive off its Retail division .
Havells is a good buyat every decline .
RCOM is a good buy Even our buy call at 620 lvls for trgt of 770 was achieved .. we are still bullish on telecom .. and RCOM , GTL infra , SREL infra are wat we like most .
Rcom shuld be accumulated on every fall . for long term .
GTL infra with a base of 32 is a good buy for MT .
A weak opening is not ruled out but what we expect is a good recovery in the latter half .
25th oct SEBI will decide on Pnotes ..if that does'nt comes according tio FII's then we may see a
good fall .. but we dont think that would happen .
As we are the bulls in mrkts we dont give short calls but due to demand of readers we can give hints ..
Shorters are eyeing Cement sector .
.
watch out for under 100 rs stock .. with huge shedding in F&O
Look out for support for nifty at 5180-90 then 5020 ..
Resisitance will be there at 5260-5330
Taking the Global cueues the Asian mrkts too fell more then 3 % with All Nikkei and HangSang down . But India got its different story . The party was over with the P-Notes issue raised by SEBI and we believe one shuld stay away as till the Issue got cleared .
.
Ahead of the F&O expiry the mrkts are expected to be volatile and we can see lot of swings which could eat up ur money if u r intraday trader.
.Below 17200 mrkst try to recover on Friday but as of now if SEBI applies the new rules we may see some more fall in Indian mrkts and below 17200 , 16500 is wat we may face support .
Lots of Good results came out on this weekend like ICICI where PAT rose to 33% .
Ultratech too came out with good nos .
.
SEBI and FD ahead of the issues gonna clear 50 FII's very early with there policy .
There is also an important meeting today with UPA for N-DEAL , that shuld also be watched out by D-Street carefully .
.
But one thing is sure mrkst are not looking good as of now . And we would sugest to stay with cash until all get settld dwn .
Traders can play but be ready to get ur Stop loss triggered as volatility is not ruled out and at this point of time larger then expected volatility what we can see.
Technology is a safer bet this point of time if u wanna play as they underperformed in the rally and hardly any stock rose with the huge rally in sensex.
One can take is as a safer side and switch to tech sector for the time being .
.
Reliance is looking to hive off its Retail division .
Havells is a good buyat every decline .
RCOM is a good buy Even our buy call at 620 lvls for trgt of 770 was achieved .. we are still bullish on telecom .. and RCOM , GTL infra , SREL infra are wat we like most .
Rcom shuld be accumulated on every fall . for long term .
GTL infra with a base of 32 is a good buy for MT .
A weak opening is not ruled out but what we expect is a good recovery in the latter half .
25th oct SEBI will decide on Pnotes ..if that does'nt comes according tio FII's then we may see a
good fall .. but we dont think that would happen .
As we are the bulls in mrkts we dont give short calls but due to demand of readers we can give hints ..
Shorters are eyeing Cement sector .
.
watch out for under 100 rs stock .. with huge shedding in F&O
Look out for support for nifty at 5180-90 then 5020 ..
Resisitance will be there at 5260-5330
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