Opening
Date 20th Jan 2010 Powered by Bazaaredge.com
Market Outlook
Indian markets dropped on Wednesday erasing earlier gains. After trading strong in the first half markets plunged in the later to close deep in the red after touching low of 18898.Auto major Bajaj Auto, Midcap IT heavyweight Hcltech and Hindustan Zinc announced better than expected quarterly results. However the markets seemed to be more worried about the governance deficit, high inflation and FII outflows. All eyes on next week RBI reviews and forthcoming results from leading companies. Any surprise in the results of the heavyweights will have an impact on the markets sentiments. Markets is expected to consolidate in a range of 5550 / 5800.
Traders should ideally stay away in falling markets and investor should look at entering defensives like pharma,FMCG and technology stocks to some extent.
Intraday Calls
Buy ATFL cmp 380 stoploss 372 target 387
Buy Electrotherm cmp 243 stoploss 232 target 256
Positional Calls
Buy MBECL cmp 222 stoploss 218 target 226
Buy Polyplex cmp 305 stoploss 287 target 320
Technical Fundamental Calls
Jagran continues to dominate the Uttar Pradesh market (
Investment Picks
Alok Industries Ltd, one of the largest textile companies in
Future & Options Strategy
Sell Lupin cmp 458 stoploss 468 target 453
Buy Hcltech cmp 508 stoploss 501 target 515
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