Export stocks will rule in the coming sessions

Export stocks finally got life line from the Indian Government. Government announced sops to the extent of Rs 1,400 crore to the sectors which were severely hit by rising rupee except IT. Underperformers like Textiles and other export stocks will rule the Indian share markets in the coming sessions. Short term investors should enter into these stocks to make huge profits in the short term.

Market sentiment: BSE Sensex will gain around 150 points due to inclusive rally from under performers. Profit booking will be seen in recent performers like GMR Infra.

Global cues: US markets made record gains with Dow Jones is making record gains in one day after 2002. Indian markets will follow their global peers to make new record highs.

Sector of the day: Export stocks especially Textile stocks.

Stock of the day: Textile stocks, KRBL, Hanung Toys, DLF, DCM Shriram and Raymond.

Rumour of the day:

1. Rupee may touch Rs 36 by the end of 2007. Stay away from IT stocks.

Pharma stocks that will be benefitted from Rupee rise:

1. Ipca Labs, Lupin, Ajanta Pharma, Nicholas Piramal and Elder Pharma.

News of the day:

1. Rs 1,400 crore sops package was unveiled for exporters to save them from rupee problems.
2. Commerce ministry reduced the exports target for 2007-08 to $ 125 billion from $ 160 billion.

Significant news:

1. Manufacturing sector suffered decline in growth to 11.9 from 13.3% of the last year.

2. Sectors that will be benefitted: Textiles (including handloom), readymade garments, leather products, handicrafts, engineering products, processed agricultural products, marine products, sports goods and toys.

Positive stock news:

1. DLF Ltd bagged DCM Shriram land in West Delhi for Rs 1,750 crore – Record deal in India.
2. Great Offshore bagged Rs 1,000 crore order from ONGC.
3. TVS Motors will roll out bikes from its Indonesia plant within 30 days.
4. Geojit financial services recorded 71% rise in net profit.
5. Mukesh Ambani’s SEZ got clearance from government.
6. UTI bank profit rose by 45% to Rs 175 crore.
7. Govt. Gave clean chit to Jet Airways chairman Naresh Goyal. Fly in Jet flights to US.
8. Essar bid is short listed for Stelco.

Negative stock news:

1. Bajaj Auto net profit was down by 18%.
2. IL & FS COO Girish Nadkarni resigned and will join Avendus.

Best stock picks for day traders and Investors:

1. Raymonds.
2. DLF.
3. DCM Shriram.
4. SRF.
5. Vardhman Textiles.
6. Himatsingka.
7. Century Enka and Century Textiles.
8. Bombay Dyeing.
9. Alok Industries.
10. Arvind Mills.
11. Welspun India.
12. RSWM.
13. KRBL.
14. Hanung Toys.

Please share your opinion on my stock analysis and share your views on Indian stock markets.

Stock markets again into volatile zone

BSE Sensex crossed 15000 mark on Friday and again rising fears of correction. In my opinion, markets move sideways until Wednesday (Infosys results) before falling/rising in a big way. Don’t take long positions in blue chips especially capital goods, IT and Banking. Concentrate on few sound stocks which are trading at low valuations before making major investments from Wednesday onwards. Pharma stocks like Ranbaxy and Dr Reddys are looking attractive in these volatile times.

Risk taking investors may bet on Ispat Industries. Teledata at last moved into BSE Midcap index. Momentum will be around stocks which will post wonderful or surprise results in the coming days like Dr Reddys, Reliance Communications etc. Praj Industries is in a precarious state before bonus date while KS Oils may give good returns in the medium term due to stock split. Major factor saving the markets from fall is liquidity in the markets.

Significant News: Asian markets are in buoyant mood. Will Indian markets follow them?

Stock of the day:

1. Roman Tarmat – This stock may list around Rs 225-250 and will cross Rs 300. Book profits around Rs 280-300.
2. Reliance Communications – Qualcomm deal.
3. Closely watch IFCI and PTC – Stake sale. F&O ban in IFCI.
4. MRPL – LOT OF POSITIVE NEWS.

Rumour of the day:

1. Tata may take stake in Praj Industries.
2. Mallya may acquire Spicejet.

Positive stock news:

1. Hindustan Zinc raises zinc prices by Rs 1200 and lead prices by Rs 1000.

2. Gujarat state petroleum discovered oil block.

3. Reliance energy-Sobha consortium is the successful bidder for Rs 6,400 crore business district project in Hyderabad.

4. MTNL will acquire Suntel in Sri Lanka.

5. Reliance Communication and Qualcomm buried their differences and will continue to work in cohesion.

6. Reliance retail will sell Cipla drugs. But outlook for Cipla is bad.

7. UP government will sell all government mills to private bidders. Tremendous boost to UP private sugar mills. More consolidation is on the cards.

8. Bharti Airtel ranked third in the Business week list of top 100 companies in share holder returns.

9. Kamadhaenu Ispat posted 339% increase in net profit.

Negative stock news:

1. Telecom companies will struggle as ARPU are at Rs 200 mark.

Negative triggers:

1. Inflation rise will spoil party. Interest rate hike will haunt markets again.

Stock advice:

1. Dr Reddys and Ranbaxy will surprise analysts with their fantastic results. These are the safe stocks in volatile markets.

2. Bet on Biocon. This may appreciate another 10% in this month.

3. Stay away from Cipla. Invest in this stock at Rs 185-190 level.

4. Reliance Energy will post wonderful results compared to Tata Power.

5. Capital goods stocks are poised for minor correction due to extreme rise in the past few sessions.

6. Infosys guidance on Wednesday will trigger a major collapse or rise until then markets will be volatile.

7. Subscribe to Everonn IPO. You will get 100% returns on the listing day itself.

8. Don’t neglect Aurobindo Pharma, Lupin and Ipca Labs. They are sound stocks for medium term investors.

9. Closely follow MRPL, India Foils and Birla power.

Stocks for July :

1. Power trading corporation - safe stock for medium term investors.
Target – 90-95.

2. IFCI-safe stock for long term investors.
Target – 70-75.

3. Ranbaxy – excellent results.
Target – 400-420 (medium term).

4. Reliance Communication – Wonderful results. Buy on dips.
Target – 580.

5. Praj Industries – Bonus. High risk stock.

6. HCL Tech – surprise results.

7. Paper stocks like TNPL and BILT.

Best stocks for day traders:

1. Reliance Communications.
CMP: 550.
Target: 563 and 576.
Stop Loss: 541.

2. Roman Tarmat.
Issue price: Rs 175.
Target: 275-300.

3. Hindustan zinc.
CMP: 716.
Target: 725 and 734.
Stop Loss: 709.

4. GSPL.
CMP: 55.6.
Target: 56.8 and 58.
Stop Loss: 54.

5. Reliance Energy.

6. MTNL.
CMP: 163.4
Target: 167 and 170.
Stop Loss: 160.

7. UP Sugar stocks.

Why markets will fall in the coming sessions?

1. Q1 results of most sectors will disappoint the investors and cannot justify their high PE values.

2. Except capital goods, power and some other stocks, most companies will announce decrease in their earnings.

3. Rise in inflation will have major impact on the interest rate decision. Rise in crude price will lead to rise in petrol and diesel prices by Indian oil marketing companies which will again leads to further rise in inflation.

4. Rupee will continue to rise – Exports will continue to decline.

Please share your views on my stock recommendations and share your views on your favourite stocks.

Flat markets with no major triggers

Indian stock markets will see marginal gains with gains in few specific stocks. If inflation is under control, markets will see buying in the mid session. Underperforming sectors like Cement and sugar stocks will shine due positive statements by finance minister.

Global cues: US markets are still in uncertain zone while Asian markets are in positive zone. Crude price is continuing its upward march.

Sector of the day: cement and Sugar (just my intuition).

Positive stock news:

1. Pfizer net profit rose by 7 times from Rs 35 crore to Rs 258 crore.
2. TATA Steel revived Rs 2,500 titanium project. Tata steel shares may bounce back today.
3. TCS is concentrating on Latin-America. It will acquire two IT firms in that region.
4. Infosys may acquire Capgemini.
5. IFCI is planning to sell 26% stake to institutional investors. I have invested in this stock. IFCI will definitely sell its stake at much higher price.
6. IDBI sold 2% stake in NSE.

Negative stock news:

1. SBI will hike home loan EMIs. NPAs will rise due to defaults.

My stock opinion:

1. As I said, Hindalco is returning back. Never invest in a stock just basing on the rumours. Shares of those stocks that rose without fundamentals will not able to sustain those valuations. I suspect the rise behind RPL even though it is a sound stock for long term.

2. Don’t get depressed by seeing the results of wire and wireless. It is a good long term story. Like telecom, investors will have to face losses in the initial stages due to big investments in the infrastructure. If you are a long term investor with 2-3 year horizon, it will be a multibagger. Accumulate this stock. Along with RPL, this stock will be future leaders in their field.

3. Cement companies may not sustain yesterday’s high rise for long term. Monsoon period is generally not good for cement companies.

4. Don’t be fooled by the Pfizer profits. Most of this income is from other sources but not from main businesses.

5. Due to good monsoon, fertiliser stocks will shine in the coming weeks.

6. ITL shares may see some selling pressure due to BSNL GSM equipment order troubles.

7. Religare bought ADK foods. Closely watch this stock as it is a acquisition target.

8. Tata Tea may bounce back on Cadbury buying rumours. Caution advised.

9. TVS Motors will continue to see selling pressure due to poor results.

10. Stay away from current IPOs. There will be good IPOs in the coming weeks.

11. Among entertainment stock, Shree Ahtavinayak is currently available at attractive value.

12. KRBL posted unimpressive results but stock is already bottomed out.

My stock investments in the last 3 days:

1. IFCI- So much value left in this stock.
2. Dhampur sugar mills – Low valuations. Strictly for long term.
3. Wire and Wireless – strictly for long term.
4. TFCI- short to medium term.
5. Hindustan Sanitary ware – with risk.
6. Mastek – Medium to long term.

Please share your opinion on my stock views.

Indian stocks will open on positive note

Indian stock markets will open on positive note on Monday due to rise in global markets. But Overall sentiment is bad but this range bound volatility will continue for some more time. Rupee will continue its march between 40.4-41.2 against dollar. If CBDT circular will spoil the whole sentiment, Nifty will touch 3600-3700 by Friday.

Major concern: Liquidity. Will markets face liquidity crunch after ICICI Bank issue?

Market sentiment: BSE Sensex may move between 14,100-14,300. Nifty will oscillate in the range 4,190-4,230.

Dangerous news:

1. Will US federal bank rise interest rates on June 28?
2. Crude is at 9 month high.
3. Rupee appreciation against dollar.
4. CBDT issue on share taxation is a big worry.

Significant stock news:

1. ICICI Bank fixed price band for its FPO at Rs 885-950.
2. Government may increase FII investment in oil PSUs from current 23% to 49%.

My stock for Long term investors:

1. EID Parry: Mutual funds have started accumulating this stock at low prices. Duration 1-2 years.
2. Long term investors should stay away from IT and Textile stocks and shares of companies whose business is mainly depended on US exports.
3. Weakness in dollar will continue against international currencies coupled with slow down in US economic growth will leads to major correction in International stock markets.
4. It is better for cautious long term investors to stay away from the markets until this volatility is over.

Positive stock news:

1. Kingfisher joined the race to acquire SpiceJet.
2. Aurobindo Pharma received US FDA approval for Tralandopril.
3. BHP Billiton may buy 51% stake in Ashapura Minichem’s Aluminium project in Orissa.
4. Cranes Software will buy Proland Software.
5. Indiabulls tied up with Europe’s Strabag SE.
6. NTPC is in race to set up power exchange.

Negative news:

1. Hindalco and Nalco slashed Aluminium prices.
2. Unsatisfactory progress of monsoons.
3. Oil prices are in upswing.
4. Hindalco will see selling pressure.


Best stock picks for day traders and investors:

1. BEML:
2. Sparsh BPO: Stake sale.
3. Orchid Chemicals: It may bounce back.
4. Aurobindo Pharma: US FDA approval.
5. Ashapura Minichem: Stake sale.
6. Dewan Housing and S Kumars nation: Positive momentum.
7. Royal Orchid hotels.
8. Mahindra&Mahindra: New Scorpio launch.

Please share your views on my stock analysis.

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.

Indian Stock Markets will rebound on Global cues

Indian stock markets will rebound today on positive cues from Global and Asian markets. Dollar appreciation and fall in crude oil will increase the positive sentiment. BSE Sensex may open with more than 100 points rise but short-medium term outlook remains negative while stock specific news based trading will continue in the next 2 months not an ideal environment for real investors. Nifty may touch 4200 and retreat back. Investors may closely watch DLF IPO subscriptions to get an idea about realty stocks. Nifty will trade between 4200-4170.

Positive News:

1. Reliance may get 5-year extension in KK basin.
2. Jet Lite may operate in international routes.

Stock of the Day: Glenmark Pharma.

Stock advice:
1. Invest in Vishal Retail IPO.
2. Vishal retail IPO will give better returns than DLF IPO on the listing day.
3. Short term sentiment is bad for markets. Serious investors should stay away from markets until markets give a clear signal.

Best stock picks for Long term investors: (Buy them on dips).

1. RNRL: Target is Rs 100 by 2008-09.
2. BHEL and L&T:
3. Dishman Pharma.
4. KSB Pumps.
5. Tamilnadu news Print.
6. Idea cellular: Target Rs 250-300 by 2008.
7. Wire and Wireless and Dish TV: Buy them immediately and hold them for 2-3 years for stunning returns.
8. Sun TV: Fundamentals are strong.
9. Gateway Distriparks.
10. Power is the best sector for Long-term investors.
11. Ispat Industries.

Best stock picks for this week:

1. Hindustan construction Company.
2. Idea cellular: It may touch Rs 129 again.
3. AIA Engineering: Good results.
4. Dr Reddys labs.
5. Unitech: depends on DLF IPO response.

Dangerous stock of the week:

1. Hindalco: I may never understand why some investors buy some stocks? Operators irrationally lifted Raj TV stock in May now they fall back on Hindalco. SEBI should monitor these activities. Hindalco may rise another Rs 5-10, it will return back to Rs 145-150 levels soon.

Hot stocks for Investors and Traders:

1. Glenmark Pharma: Stock split.
2. Reliance Capital: Market sentiment.
3. Reliance Communications: Market sentiment.
4. GAIL: Unexpected fall in the last week..
5. SAIL: JV with JAYPEE and recent fall. High Risk.
6. Kinetic Engineering: Order from Tata motors.
7. Mahindra and Mahindra: Chinese tractor company acquisition.
8. Dr Reddys: Steroid drug launch.

Indian markets will continue to follow Global markets in the coming days. Don’t take long position in any high value stock. Q1 results may increase the P/E valuations and spoil the mood.

Please share your views on my stock recommendations.

Black Friday for Indian share market investors

D-Day finally arrived. Indian stock markets will be suffered huge losses and will see a panic selling from investors on black Friday. Nifty will fall below the final support point that exists at 4090 and BSE Sensex may lose 300-400 points. Long term investors can buy sound stocks at attractive price after the heavy fall. Though fall in markets is bad, it is good for long term investors.

Sentiment: Indian investors will see second biggest crash of 2007. All the global markets have suffered huge losses especially Dow Jones and Japan and Taiwan markets.

Sector of the day: IT and Sugar shares will be in lime light due to Government decision to allow sugar mills to retain central excise for 3 years from 2007 July.

Good signs:
1. Inflation is under control and it will be around 5%. Stocks may bounce back in the afternoon session due to inflation data or over correction.
2. Dollar may gain on weak currency.

Stock of the Day: Patni computers.

My stocks:

Enter into these stocks after the crash. Risk taking investors can take future positions in good stocks.

1. Sterlite India Industries.
2. Hindustan construction company (HCC)-Medium term.
3. Ispat industries – Long term.
4. Mahindra and Mahindra- short-medium term.
5. Idea Cellular.
6. Reliance Communications.
7. Patni Computers.
8. Cambridge Solutions.
9. Tata Chemicals.
10. Suzlon Energy.
11. Aurobindo Pharma and Glenmark Pharma.
12. AIA Engineering.
13. Alok Industries.

Significant stock news:

1. Textile sector will get relief package from government within a week or so. Take short term bet on textile stocks.
2. Tamilnadu petrochemicals- short-medium term with some risk.

Stock advice:

1. Mahindra and Mahindra will be going to rise in short term due to lack of options in auto sector.
2. I don’t believe in this Hindalco rise. It is a clear sign of herd mentality and I can’t understand why investors always fell in the trap of operators.
3. Risk taking investors can take short position in Tata tea.

Positive stock News:

1. Tantia construction received $1.8 billion order.
2. Patni computers will continue to rise on stake sale.
3. HCC got contract from Tata Steel.
4. Biocon signed MOU with an Australian University.
5. ONGC Board approved Rs 1200 crore investment to develop oss-shore fields in Mumbai high. 6. Mahindra and Mahindra is in acquisition mood in Italy.
7. Marico industries in restructuring mood and good bet for medium term.
8. Biotech industry touched $2 billion revenue in 2006-07 financial year.
9. Cambridge solutions is a good bet for short term.

Negative stock news:

1. Idea and Spice telecom called off merger deal. Invest in Spice IPO.
2. Tata motors decreased car production by 20% and delayed launch for India. Closely watch Tata motors, it may available at attractive value by mid July.
3. Negative momentum in Auto stocks will continue for another 10-15 days.
4. Hindalco will lose more around 7-10%.
5. Hindustan Zinc will suffer losses due to fall in Zinc prices.
6. Oil refining stocks will lose yesterday’s gains.

Day traders should stay away from Indian markets. Today is black Friday.

Please share your comments on my stock recommendations and analysis. Please share your views.

Correction will continue in Indian stock markets

In the recent days, Indian stock markets bounced back after every fall since March. But this time, correction will continue according to global sentiment along with profit booking and panic selling. There are no significant positive triggers to propel markets into next territory. US and European markets fell yesterday due to interest rate hike and rising inflation concerns. Except China, all Asian markets are trading in negative zone.

Major Concern: If Nifty breaks 4090 final support, this correction will go a long way. If Nifty gets enough support at 4140 level, Day traders can play with favourites like IFCI, RNRL, RPL etc.

Market movement: Bearish/Heavy crash. Today session will give a clue about future direction.
Stock of the Day: Ispat Industries. Take long term position in this stock. Take medium-long position in Idea if it falls below 118.

Sector of the Day: IT Stocks if rupee continues to be weaken.

Stock Advice:

1. If rupee continues to fall, IT stocks may recover to boost the market sentiment.
2. Accumulate money to invest in good stocks when they will be available at attractive prices.
3. Invest in DLF IPO to get good returns. Markets will be in bull phase at the time of DLF listing.
4. Exit from rupee and penny stocks. There will be no buyers when this Bull Run is over.
5. Closely follow ITC, Tyre stocks, you will get good price to invest by the end of June.

Significant news:

1. There are signs of overheating in Indian economy – C. Rangarajan.

Positive stock news:

1. UTV is in consultation with ABC News to launch a business channel.
2. IT industry would require 5 lakh people within the next 5 years.
3. 3-G Mobile services will be announced by the end of this month and Spectrum sharing by the end of this year. Positive news for Mobile operators.
4. Indian real estate will get $6 billion FDI in the coming years.
5. Ashok Leyland will not cut production like Tata Motors.
6. Aviation sector may get boost due to liberalisation in FDI. Aviation stocks are good medium-long term bets.

Negative stock news:

1. Russia banned Indian food imports. Stay away from rice exporters.
2. European central bank hiked interest rate. Will RBI follow?
3. NTPC is not giving any bonus issue.
4. 2-wheelers reduced output due to weak sales. More correction is due in Hero Honda, Bajaj Auto and TVS Motors.

Best stocks for Indian traders:

Advice: It is better to stay away from markets and watch out the unfolded action from sidelines.

1. Cambridge Solutions:
CMP: 127
Target: 129 AND 132.
Stop Loss: 125

2. Ispat Industries: Wonderful results.
CMP: 15.2
Target: 16.4

3. Alstom Projects: Project order.
CMP: 569
Target: 582
Stop loss: 556

4. Geojit Financial services: Best stock pick for short-medium term investors.
CMP: 41.4
Target: 44 and 47
Stop loss: 38

5. Strides Arcolab: It received 2 more NDA approvals from US FDA.

6. Suzlon Energy:

7. MTNL: It may bounce back. It emerged as top bidder for Suntel.
CMP: 160
Target: 164.8
Stop loss: 155

8. AIA Engineering: Results are to be announced today.

Stocks to watch out:

1. UTV.
2. ONGC.
3. Idea.
4. ITC.

Please share your analysis and views on my stock recommendations and also share your stock picks.

Unpredictable markets-news based trading

Indian stocks are moving in unpredictable ways with momentum is concentrated on few select stocks. One thing is sure correction due within a short period. Investors may take long positions in blue chips after the correction. Risk taking investors may buy stocks like EID Parry, Wire and Wireless, FDC Pharma, Berger paints and Rajashree sugars.

Stock advice: Don’t believe in the rumours of Hindalco and IDEA take overs.

Sector of the day: Sugar. IT Shares will be in reckoning if Dollar appreciates against rupee.

Market sentiment: Unpredictable markets. Forget index. Concentrate on select stocks.

Significant news:

1. Government will create 3 million tonnes of sugar buffer stocks to check fall in prices.
2. Aircel, Spice and Idea may merge to form a new entity. Invest in Idea for medium term. Target- Rs 145.

Positive Stock news:

1. Unitech received nod for establishment of IT SEZs at Greater Noida and Kolkata.
2. Cement companies like ACC and Gujarat Ambuja announced increase in sales.
3. Sterlite ADS will be listen in Mid June.
4. Parsvnath launched Rs 6 billion township.
5. ONGC bought stake in 3 Brazilian blocks.
6. JSW steel posted 36% jump in crude steel production.
7. Fortis appointed new medical team at Escorts heart institute.
8. Bajaj will launch LPG bike soon.

Negative stock news:

1. Bombay high court rejected Reliance Energy plea on MTHL.

Best Indian stocks for day traders:

1. Mount Everest: Open offer to buy a further 20% stake by Tata Tea at Rs 140.
2. Idea Cellular:
3. Sterlite:
4. GAIL: (with risk).
5. JSW Steel:
6. MTNL:
7. Shree Renuka sugars.
8. NIIT Tech: (Closely watch rupee value).

Stocks to watch out:

1. ONGC.
2. Parsvnath developers.
3. Fortis healthcare.

Please share your stock views.

Analysis: Unpredictable Indian Stock Markets

Indian Share Markets are highly unpredictable as they are neither following Global Markets nor triggering news. Uncertainty may prevail until the announcement of Uttar Pradesh Election results. Volatility may continue with deep falls and range-bounds due to lack of confidence in the investors on the new highs of Indian Stock Markets. Only hope in this sad story is some good Mid-Caps are still trading at lower values.
Market Trend: May be Bullish. Inflation figure may set the trend for next week.
Stock Picks for Day Traders:

1. ONGC:
CMP: 909.35
Target: 928
Stop Loss: 890
ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (ONGC), has made a big natural gas discovery in Iran with in-place reserves being estimated at around 10 trillion cubic feet.

2. GAIL:
CMP: 281.2
Target: 287
Stop Loss: 275
Gail (India) plans to invest about Rs 25,000 crore in laying new pipelines and expanding its petrochemical business during the next five years, a part of which may be raised through sale of its stake in Oil and Natural Gas Corporation (ONGC).

3. Hindustan Zinc:


1. Standard and Poor reduced ratings of Tata Power.
2. Stay away from Bharti as Govt. fined for violating rules.