Pre-Market Report: 28.07.2009
0 views
Skip to first unread message
B. Karthick
Jul 28, 2009, 12:12:13 AM7/28/09
to Kences1
Stocks to trade in a narrow range, Realty stocks set to extend their
gains
Stocks on Dalal Street are likely to trade in a range after ending
flat yesterday in choppy trade. Expect the benchmark index or the
Sensex to trade in a band of 100 to 150 points. Some sector specific
buying should emerge in Housing related stocks, especially Realty,
Housing Finance and Cement companies after the announcement from FM.
Stocks edged higher Monday after zigzagging in subdued trading on
mixed economic and corporate earnings reports.The Dow rose 15.27, or
0.2 percent, to 9,108.51, its first finish above the 9,100 mark since
Nov. 5. The broader Standard & Poor's 500 index rose 2.92, or 0.3
percent, to 982.18.
Finance minister Pranab Mukherjee on Monday proposed to provide
support to borrowers by way of interest subvention of 1% on all
housing loans up to Rs10 lakh to individuals, provided the cost of the
house does not exceed Rs20 lakh. The loan rebate will be available for
one year.Watch out for stocks like DLF, Unitech finance companies like
HDFC, LIC Housing Finance and other midcap stocks in the realty
stocks.
Banking stocks are likely to make a come back after being flat for the
past few weeks. We like private banks like Yes Bank, Vjaya Bank and
Bank of Rajasthan might see some action after being the woods for a
while.Midcaps will be the bright spots in this choppy markets as
investors are more likely to look for winners in this space.
Watch out for stocks like 3I Infotech, Bajaj Hindustan, Clutch Auto,
Gitanjali Gems, GMR Infra, GVK Power and KingFisher Airlines which are
expected to report their quarterly numbers today. RNRL is another
stocks that might be under the radar on the news of QIP placement some
time soon.
"USE EVERY RISE TO BOOK PROFITS"
"ALWAYS KEEP STRICT STOPLOSS TO AVOID HUGE LOSS"
Key Levels for Today Trade:
NIFTY INDEX Resistance : 4586 / 4637 / 4655 / 4690
NIFTY INDEX Support : 4568 / 4523 / 4502 / 4469 / 4398
Mean : 4577
Key Numbers for NIFTY on upside ------
Key numbers for NIFTY on down side -------
Key resistance for NIFTY for this settlement ------
BANK NIFTY INDEX Resistance: 7486 / 7575 / 7663 / 7745
BANK NIFTY INDEX Support : 7368 / 7280 / 7186 / 6992
Mean : 7427
Previous Close Box:
BSE Sensex 15375.04 -3.92
NSE Nifty 4572.30 3.75
USD Rs.48.21
Oil Nymex $68.15
gains
Stocks on Dalal Street are likely to trade in a range after ending
flat yesterday in choppy trade. Expect the benchmark index or the
Sensex to trade in a band of 100 to 150 points. Some sector specific
buying should emerge in Housing related stocks, especially Realty,
Housing Finance and Cement companies after the announcement from FM.
Stocks edged higher Monday after zigzagging in subdued trading on
mixed economic and corporate earnings reports.The Dow rose 15.27, or
0.2 percent, to 9,108.51, its first finish above the 9,100 mark since
Nov. 5. The broader Standard & Poor's 500 index rose 2.92, or 0.3
percent, to 982.18.
Finance minister Pranab Mukherjee on Monday proposed to provide
support to borrowers by way of interest subvention of 1% on all
housing loans up to Rs10 lakh to individuals, provided the cost of the
house does not exceed Rs20 lakh. The loan rebate will be available for
one year.Watch out for stocks like DLF, Unitech finance companies like
HDFC, LIC Housing Finance and other midcap stocks in the realty
stocks.
Banking stocks are likely to make a come back after being flat for the
past few weeks. We like private banks like Yes Bank, Vjaya Bank and
Bank of Rajasthan might see some action after being the woods for a
while.Midcaps will be the bright spots in this choppy markets as
investors are more likely to look for winners in this space.
Watch out for stocks like 3I Infotech, Bajaj Hindustan, Clutch Auto,
Gitanjali Gems, GMR Infra, GVK Power and KingFisher Airlines which are
expected to report their quarterly numbers today. RNRL is another
stocks that might be under the radar on the news of QIP placement some
time soon.
"USE EVERY RISE TO BOOK PROFITS"
"ALWAYS KEEP STRICT STOPLOSS TO AVOID HUGE LOSS"
Key Levels for Today Trade:
NIFTY INDEX Resistance : 4586 / 4637 / 4655 / 4690
NIFTY INDEX Support : 4568 / 4523 / 4502 / 4469 / 4398
Mean : 4577
Key Numbers for NIFTY on upside ------
Key numbers for NIFTY on down side -------
Key resistance for NIFTY for this settlement ------
BANK NIFTY INDEX Resistance: 7486 / 7575 / 7663 / 7745
BANK NIFTY INDEX Support : 7368 / 7280 / 7186 / 6992
Mean : 7427
Previous Close Box:
BSE Sensex 15375.04 -3.92
NSE Nifty 4572.30 3.75
USD Rs.48.21
Oil Nymex $68.15
Reply all
Reply to author
Forward
0 new messages