Indian Share markets are experiencing huge swings due to buying and selling by smart operators. Ordinary investors may have lost big money in these wild swings. Retail investors and day traders should tread cautiously in volatile times. Crude oil price rose again on supply concerns.
Market Movement: Bullish.
Warning News: Central banks may tighten liquidity. It is not a good sign for medium term investors.
Best Stock Picks for Day Traders:
1. JK Cement
274% jump in Q4 net profit. Net turnover was increased by 49%.
2. Shree Cement
CMP: 1037.7
Target: 1067
Stop Loss: 1007
It will announce good results today.
3. NTPC
CMP: 154.9
Target: 157
Stop Loss: 150
4. Novartis India
5. Lanco Infratech
CMP: 157.3
Target: 159.3 and 162
Stop Loss: 154
6. Reliance Communications
CMP: 478
Target: 486
Stop Loss: 458
It will likely get additional spectrum.
Positive News:
1. Inflation is under control.
2. Asian Markets are trading positively.
3. ONGC subsidiary Mangalore Refinery posted 41% jump in the last financial year.
Negative News:
1. Reliance Energy’s ambitious plans may be halted due to change of guard in Uttar Pradesh.
2. Stay away from Arvind mills.
3. ICICI Bank will be investigated by MRTPC for making false promises to its credit card customers.
4. Stay away from Hero Honda due to poor results.
5. Stay away from Dr Reddys due to American court ruling.
ICICI Direct stock of the Week:
Apollo Tyres
Economic Times Stocks of the Week:
1. Reliance Petro- Safe Bet.
2. SAIL- Somewhat risky.
3. Global Tele – Safe Bet.
4. Jain Irrigation – Long term bet.
Reliance Money stocks of the week:
1. Tech Mahindra
2. Polaris
Stocks for Medium term:
1. Philips Carbon Black
2. Pioneer Embroideries
10 Best Stock picks for Long term investors (1 year- 2 years):
1. Jyothi Structures
2. Alok Industries
3. Reliance Petro
4. Reliance Capital – Best stock for long term investors.
5. Larsen and Toubro
6. Idea Cellular
7. Reliance Communications
8. RNRL
9. Cipla – It is fundamentally strong stock.
10. Tata Tele
Enter into these 10 stocks at lower price:
1. Tata Motors – Growth story lies ahead.
2. Reliance Industries
3. ABB
4. BHEL
5. Kalpataru Power Transmission
6. Tata Steel
7. Bharti
8. HT Media
9. Shipping corporation of India
10. Tata Power
Please share your opinion on my stock picks.
Monday, May 14, 2007
Stock Markets are in the grip of operators
Posted by
Dr. Krishna
at
9:00:00 AM
Labels: Best Stock picks, Day Traders, Economic Times, ICICIdirect, Reliance, Share Market India
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