Bulls may dominate Indian Share Markets on Monday

Indian share Markets may move upwards due to unexpected fall on Friday and inflation control. Asian markets rose to record new highs and US markets ended positively on Friday. Crude price is continuing its downward momentum.

Worrying Point: Rupee is at 9 year high. Stay away from IT stocks.

Significant news of the day:

1. Biotech industry may touch 5 billion dollar mark by 2010.

Stock picks for Day Traders:

1. Dr Reddys
Dr Reddy’s Laboratories announced the launch of Redituxä (rituximab) used in the treatment of Non-Hodgkin’s Lymphoma.
2. Tech Mahindra – may post wonderful results.

3. Nucleus Software
4. Nitco Tiles
5. Television 18
6. Deccan Aviation
7. Lupin will launch a new drug in US.

Stay away from following Shares:

1. Cipla received second notice from Indian Government. Government asked Cipla to pay Rs. 193 crore as penalty.
2. Stay away from Subex Azure due to losses.
3. Stay away from cement stocks as Government allowed imports without conditions.

My Stock picks for Long Term Investors:

1. Hindalco
2. Ashok Leyland