Indian Stock Markets are shining

Indian Stock Markets are attaining new peaks as bulls are dominating the markets. Reserve Bank of India fuelled the market mood by not changing the interest rates in its annual credit policy. Bulls will dominate the markets in this whole week. Day Traders may gain profit by investing in rising stocks. Long term investors should stay away from Indian stock markets in these volatile times especially from blue chip stocks and banking stocks.

Breaking News: Dollar falls below 41 mark against rupee. Stay away from IT Stocks.

Observation of the day: Reserve Bank of India changed the inflation target from 5.5% to 5%. So, don’t take long term positions in banking and finance shares.

Global Markets: No significant clues are available from global stock markets.

Stocks of the day:
Banking and Auto shares may rise due to positive sentiment prevailing in these sectors (RBI policy).

IT stocks may lose heavily.

Positive news for Day traders:

1. Wockhardt Ltd. has received approval from the US Food and Drug Administration to sell lisinopril, which is used to treat high blood pressure and heart disease.

2. HDFC posted impressive Q4 results. It is the stock of the day.

3. Elder Pharma may gain slightly.

4. Bajaj Hindustan may rise again due to export subsidies and 3 new plants.

5. Indian oil companies may gain from price hike.

6. Reliance Energy will gain due to power tariff rise.

7. Jubliant Organosys to buy US based Hollister-Stier Labs.

Negative news for Day traders:

1. Rupee is continuously appreciating against Dollar. So, stay away from IT Stocks and Exports based stocks.
2. Stay away from MTNL. Its ADR lost around 7%.

Results today:

1. Grasim, Dena Bank, Idea Cellular, Glenmark, Patni, Godrej Conjumers, Reliance petro, RNRL, Mahindra Gesco and SRF.

Happy Trading! Never change stop loss and target without specific reason.