Pre-Market report on 17.07.2008
0 views
Skip to first unread message
suguhopes
Jul 16, 2008, 11:39:29 PM7/16/08
to Kences1
Friday is here, one day ahead of schedule
===================================================
Friday is here a day ahead of schedule, as bulls are expected to party
on Dalal Street in today's trade. Not sure how long the party will
last, but expect a 7 to 8 percent move in the coming sessions.Sensex
should comfortably cross the 13,000 mark today.
Stocks soared on wall Street as Oil dropped and Well Fargo bank
surprise on the upside and reassured investors that things are not so
bad as expected in the financial sectors. All the financial stocks
moved between Dow ended up by 2.5 percent, where as the Nasdaq
finished up by more than 3 percent. Oil tummbled more than $ 10 in 2
days helping to tame the rising inflation. Asian stocks are expected
to make big gains today on positive news from abroad.
Things are looking really good for a change. Inflation might go down
if the Oil continues to fall and might make the central bank rethink
about raising the interest rates. Watch out for banks to outperform
other stocks. It is not a bad idea to stop thinking about technology
stocks and concentrate on banks, Oil marketing companies and some
select midcaps for a good short term trade.Auto sector is another one
to watch out for, look for Tata Motors and M&M. Mahindra bought the
assets of Kinetic Motors for Rs 110 Crores and this might bode well to
the shareholders of Kinetic Motors.
We should see buying across the board and may be a 800 point rally is
in the offing intraday. We advise investors not to get carried away
with this rally. Load in good quality stocks and do not go for third
rung stocks. Make a list of your favorites in private banking space,
Auto, Oil marketing companies and not to forget Aviation stocks which
might turn out to be the stars of the day.
Suitable stocks for "Intraday" today
<RCOM,AXISBANK,ONGC,HDFCBANK,TATAPOWER,SUZLON,ACC,JSWSTEEL,WIPRO,DRREDDY>
Market Close Box
BSE Sensex 12575.80 -100.39
NSE Nifty 3816.70 -44.40
USD Rs.43.17
Oil Nymex $134.6
N.Sukumar
Research Analyst
===================================================
Friday is here a day ahead of schedule, as bulls are expected to party
on Dalal Street in today's trade. Not sure how long the party will
last, but expect a 7 to 8 percent move in the coming sessions.Sensex
should comfortably cross the 13,000 mark today.
Stocks soared on wall Street as Oil dropped and Well Fargo bank
surprise on the upside and reassured investors that things are not so
bad as expected in the financial sectors. All the financial stocks
moved between Dow ended up by 2.5 percent, where as the Nasdaq
finished up by more than 3 percent. Oil tummbled more than $ 10 in 2
days helping to tame the rising inflation. Asian stocks are expected
to make big gains today on positive news from abroad.
Things are looking really good for a change. Inflation might go down
if the Oil continues to fall and might make the central bank rethink
about raising the interest rates. Watch out for banks to outperform
other stocks. It is not a bad idea to stop thinking about technology
stocks and concentrate on banks, Oil marketing companies and some
select midcaps for a good short term trade.Auto sector is another one
to watch out for, look for Tata Motors and M&M. Mahindra bought the
assets of Kinetic Motors for Rs 110 Crores and this might bode well to
the shareholders of Kinetic Motors.
We should see buying across the board and may be a 800 point rally is
in the offing intraday. We advise investors not to get carried away
with this rally. Load in good quality stocks and do not go for third
rung stocks. Make a list of your favorites in private banking space,
Auto, Oil marketing companies and not to forget Aviation stocks which
might turn out to be the stars of the day.
Suitable stocks for "Intraday" today
<RCOM,AXISBANK,ONGC,HDFCBANK,TATAPOWER,SUZLON,ACC,JSWSTEEL,WIPRO,DRREDDY>
Market Close Box
BSE Sensex 12575.80 -100.39
NSE Nifty 3816.70 -44.40
USD Rs.43.17
Oil Nymex $134.6
N.Sukumar
Research Analyst
Reply all
Reply to author
Forward
0 new messages