BHEL being one the largest electrical equipments manufacturer in India it also manufactures turbines for power companies. The stock price of BHEL suggest that there is more downside possible from current levels. So traders can go short on BHEL future below 1900 level and hold it for the target of 1750 and 1600. Also keeping the stop loss above the 2000 level. It is important to note from technical ... [Continue Reading]
Short Sell Nifty Future, More Downside Likely From Global Markets
Today we have seen Italian bond yields has gone up sharply and this was the reason for most of the global markets turmoil, this down move or huge selling will bring Indian markets in its radar. Most of the negative news flows are from Europe, lower PMI, high Inflation, Greece to default, Unemployment a concern, Lower GDP, Unsuccessful bond auctions. These are all negative factors affecting our ... [Continue Reading]
Metal Sector Stocks: Hindalco May Outperform Metal Sector in Short Term, Increased Demand Seen
Hindalco Industries Ltd. is largest producer of aluminum in India. The company was listed on NSE on 8 January 1997, However the stock performance is not very attractive in the metal space. HINDALCO stock has made a new all time high of Rs.253 on 6 January 2011, since then the stock has been weakening and we are looking for selling opportunities as long as the price action is below the 190 level on ... [Continue Reading]
Cairn India May Weaken in Short Term, Due to Drop in Oil Prices, Strategy Short Sell on Bounce
Cairn India Ltd. is in the oil exploration sector, this is one the high growth sector. But in case of CAIRN we feel that there is much more correction left from the current levels. The technical analysis suggests that some correction is likely to enter into this stock. So our advice is to enter short positions below 330 and we are now looking for short opportunities at every up move our profit ... [Continue Reading]
Steel Sector Outlook: Sail may Outperform in Short Term, We Advice Short Sell Sail Today Target 100
Steel Authority of India Ltd. is one of the largest steel producers in India. The company is in the iron and steel production business. SAIL was listed on NSE on 6 July in the year 1995. The stock was like a penny at that time but now sail stock trades near 102 level on NSE and BSE. The growth of the company was not that good as we have tough competition in this sector by Tata Steel and JSW ... [Continue Reading]