Black days will continue for Indian investors

Today will be another painful day for Indian Investors. Some operators are trying to keep the positive momentum in the hyped and overvalued markets by raising the stock prices like Hindalco and ACC without any specific reason. But negative triggers emerging from global markets will continue to dampen the spirit of those bull operators. Correction is due for some time and markets will continue to give losses for some more time.

Market movements: BSE Sensex will trade between 14,000-13,870 while Nifty will trade between 4115-4075. Sentiment is very weak in the markets. Some late recovery may be seen.

Stock of the day: Time Technoplast.

My Stock advice:

1. Don’t be hyped by DLF subscription data. Most of those bids were by foreign investors with long term view. DLF will give heavy losses to medium term investors but may give good returns on listing day. I prefer Vishal retail.

2. Investors may buy good stocks after crash with BTST (Buy Today and Sell Tomorrow). This advice is only for risk taking investors.

Why DLF will rise on the listing day?

Foreign and long term investors who missed the allotment will lift the stock by buying on the day of listing.

Significant News:

1. Government will take measures to reduce overheating in Real-Estate and Housing- Finance Minister.
2. Time Technoplast will be listed today. Investors may make smart gains.

Negative stock News:

1. Indian consumer durables production is decreased.
2. Mayawati government will probe land allotments to IVRCL and others in Noida, Lucknow and Kanpur.

Positive stock news:

1. Reliance Energy’s Dadri project may get clearance from UP government.
2. L & T got Rs 911 crore order from ONGC and SAIL.
3. Cadila mulls to launch GDR issue.
4. Sundaram InfoTech bagged Microsoft order.
5. Government will give some sops to Textile sector. Short term risk taking investors may buy these stocks for short-medium term.
6. Deccan Aviation will hike prices in some routes.

My Stock picks for medium-long term investors:

1. Carborundum
2. Britannia.
3. Fortis health care.
4. Wire and Wireless (2-3 years).
5. Berger Paints.
6. Bharti Shipyard.
7. Areva T&D
8. Idea Cellular(6-12 months) and Tata tele.
9. RNRL (1-2 years).
10. Ispat Industries.

Note: Due to my personal busy schedule, I am unable to do sufficient research on stock markets to recommend stock picks for day traders. Mistakes are regretted. Am I addicted to blogging and stock markets? May be.