Indian markets will open on positive note and move upwards on positive inflation data. Inflation may be around 4.7%. Book profits today on short positions as it is a bit difficult to predict Monday situation.
Market Movement: BSE Sensex may trade in between 14,250-14,370 while Nifty may oscillate between 4,190-4,210. Sentiment is positive due to rise in global markets with no significant negative triggers.
Unconfirmed Insider news:
1. MIC Electronics will announce some significant news by Saturday. Buy today and sell on Monday according to the insiders (at your own risk).
Most significant News:
1. Bombay stock exchange revised upward circuit filter for 12 stocks.
Positive Stock news:
1. Jet Airways may buy stake in Spicejet.
2. TV18 group may launch Marathi news channel (JV with Lokmat).
Negative Stock news:
1. Crude oil price is rising.
2. ICICI Bank housing loan growth declined to 20%.
3. Crisil downgraded Hindalco from AAA to AA.
4. Pharma stocks will be affected fixing of some drug prices by government.
Best stock picks for day traders:
1. SpiceJet: Stake sale. It may continue to rise.
2. Ruchi Soya: Stock split.
3. Hind Rectifiers: Stock split.
4. Elecon Engineering: Bonus Issue.
5. IDBI: Launch of Mutual fund.
6. Dabur India: It may gain 2-3%.
7. Panacea Biotech: Wonderful results.
8. Tata Tele: Launch of Rs 770 mobile phones.
9. Alembic: Financial restructuring.
10. Lupin may continue to raise on US approvals.
11. IDFC: Hutch stake sale.
Stocks to watch out:
1. Shipping Corporation of India.
2. Power Finance Corporation.
Please share your opinion on my stock recommendations and share your stock picks.
Friday, June 15, 2007
Indian stock markets are in upswing
Subscribe to:
Post Comments (Atom)
Stock Market Updates
Read more on Indian Stock Markets
Latest Blog Posts
Search for Stock Market News
2 comments:
it was difficult to remain without your comments and deal with the market, such is the utility of your summary. but while you posted the comments in the morning i got the e-mail just a few minutes back. this is unfair as i missed having a look at them and playing the market according to them due to late delivery of mail.
regards dr. krishna
rajiv malik
rajivhtc@gmail.com
Sorry Rajiv,
delivery is in control of feed burner. I don't know why they are delivering it so lately. I will write to them about this matter. I hope things will improve. Thank you Rajiv, for bringing this matter to my notice.
Post a Comment