Our markets have seen superb rally, nifty moving from 7500 to an all-time high of 18604. There are investors who are still looking to invest in the markets but couldn't find proper stocks. One simple approach should be to buy those stocks which are already trading cheap of their prices are low. Now since the prices are already low, they may not fall a lot. But if these stocks start to rise, ... [Continue Reading]
Which direction nifty futures will move in this month?
Looking at the daily charts we see nifty future will be moving much higher in coming trading sessions. Global markets like DOWJONES and S&P 500 are ready for fresh up move as momentum has already started to build on charts. We are now looking for buying opportunities on nifty future we have also positioned our self in bank nifty future, however we have written NIFTY 5600 call option and on ... [Continue Reading]
Midcap Stock: Buy Syndicate Bank Ltd.(SYNDIBANK), For Target 146
A positive breakout move was seen in the Syndicate bank chart, we are now bullish on the stock and one can start accumulating this stock at current levels as stock is now in consolidation phase as seen on charts. The market capitalization of this company is more than Rs.6,000 crore as on 4 March 2011. EPS of the company is at Rs.17.7 per share and book value of the stock stands at Rs.100. At ... [Continue Reading]
Short Term Stock: Buy Reliance Industrial Infra (RIIL), Target 773
This stock has shown a strong breakout above its resistance of 637 (50 DMA on 4 Hr. Chart). Today this stock is up more than 16% and is trading near 592. But at current levels we see this stock has become bullish and can test its next resistance of 745 in near term. On NSE, the stock was trading with huge volume of 3.4 million. Fundamentals of the company are very strong and healthy. we recommend ... [Continue Reading]
Short Term Stock: Buy Amtek Auto Ltd.(AMTEKAUTO), Target 156
This stock has corrected more than 48% from its 52 week high and hit its 52 week low of 110.05 last Friday (10 Dec 2010). But at current levels we see this stock is very attractive as its a company having market cap at Rs.2500 crore. at current market price it is trading with P/E of 7 and book value of around Rs.180. Also its a good dividend paying company which has consistently given dividends in ... [Continue Reading]