Home > Market View > Market commentary-Infosys at 1600, Brokerage,Cement stocks in action, JP Hydo hits new high

Market commentary-Infosys at 1600, Brokerage,Cement stocks in action, JP Hydo hits new high

Tuesday, November 20, 2007 Leave a comment Go to comments

Infosys is hitting 1600 levels and our first target is reached. If this level too gets broken watch for 1400 on the stock. Read my previous post on Infosys here.

With Religare listing tomorrow and Edelweiss IPO closing today, brokerage stocks are attracting lots of attention.

As suggested yesterday cement stocks are showing lots of momentum.

JP Hydro along with Nagarjuna Fertilizer are again resuming the uptrend after a brief correction. Both stocks were picked sometime back as the next IFCIs.

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Categories: Market View
  1. sagecapital
    Friday, January 11, 2008 at 8:39 pm

    In my view Infosys shall hit 1500 first and I still remain bearish on the stock.
    Watch for 1535 -which is a strong support for the stock. Below that 1490 is possible on the stock.

  2. kudan mishra
    Friday, January 11, 2008 at 5:51 pm

    Should I invest in Infosys for a short term period? if yes then what should be my target to sell the stock,will it hit 1900 in short term,please reply me

  3. sagecapital
    Tuesday, November 27, 2007 at 8:05 am

    Muthu- Please don’t chase it now. You need to find a good entry point.

  4. Muthu
    Monday, November 26, 2007 at 10:36 pm

    Sage,

    Shall i enter in to JP Hydro at 115 level, or should wait for correction.

    regards,
    Muthu

  5. sagecapital
    Wednesday, November 21, 2007 at 8:26 am

    Jatin-60 looks possible on Geojit. Lets wait and see. We have also built long positions on the stock around 50 bucks ūüôā

  6. sagecapital
    Wednesday, November 21, 2007 at 7:12 am

    JK-The brokerage seems competitive. I don’t have any personal experience with it but the feedback which I have is positive.May be some of the readers can share their experiences!

  7. Jatin
    Tuesday, November 20, 2007 at 11:37 pm

    Sage,

    Geojit has made a very strong comeback.
    Above 52, ppl r talking about 60-70.
    What do you reckon?

    Regards
    jatin

  8. JK
    Tuesday, November 20, 2007 at 11:11 pm

    HI SAGE
    just tell me abt reliance money and their coupon scheme of 500 rs in which u can do trading of 5 lacs
    for a yr.
    they are charging 700 rs opening charges but better than this icici what i m using which sucks 50% of trading profits immediately

    sorry for sending the same post but i just want u to plz chk for me abt reliance money bcause i dont want to make mistake again
    thanks
    jk

  9. sagecapital
    Tuesday, November 20, 2007 at 9:46 pm

    Gautham- Looks good. This has high probability of heading higher. Also check my favourite in pharma sector-Divi’s Labs.

  10. Gautham
    Tuesday, November 20, 2007 at 9:28 pm

    Hi Sage
    Whats your take on Nicholas Piramal?

  11. sagecapital
    Tuesday, November 20, 2007 at 4:43 pm

    My apologies Sreeni. Please check your inbox. I have sent the details.

  12. Sreenivasula Reddy
    Tuesday, November 20, 2007 at 4:06 pm

    Hi Sage,

    I have sent an email asking about your products(“Stock ideas”), but no reply as of now.

    Thanks,
    Reddy

  13. sagecapital
    Tuesday, November 20, 2007 at 2:12 pm

    Go for any broker but NOT ICICI Direct. it is highly unreliable and highly unsafe.
    High brokerage, unreliable website and no margin trading (for delivery). i don’t understand what people are getting from ICICI direct?
    Someone hacked my client’s ICICI direct account and did some unauthorized trading. Now we have approached Cyber crime branch to nab the culprit!

  14. jk
    Tuesday, November 20, 2007 at 1:55 pm

    HI sage

    just tell me abt reliance money and their coupon scheme of 500 rs in which u can do trading of 5 lacs
    for a yr.
    they are charging 700 rs opening charges but better than this icici what i m using which sucks 50% of trading profits immediately.

  15. sagecapital
    Tuesday, November 20, 2007 at 12:34 pm

    Karthik-Good to hear about your profits. Keep the momentum going. My best wishes!

  16. sagecapital
    Tuesday, November 20, 2007 at 12:33 pm

    Mathi -We have been long on GMR after 190+ levels. Infact it is one of the stocks which has given us the maximum money post Diwali!
    Looking very good but the stock might consolidate in short term.

  17. Karthik
    Tuesday, November 20, 2007 at 12:31 pm

    Hi Sage,

    Am a regular reader of your blog and find your insights very useful. I invested on the following scrips
    RPL @110
    Rcom @ 530
    Power Grid IPO @52
    JP Hydro @82 (a bit late)

    and have reaped good dividends. Thanks!

  18. Mathi
    Tuesday, November 20, 2007 at 12:28 pm

    Sage,
    Am sure you must be following GMR.It seems to be showing an uptrend.I had asked about GMR sometime back as well.But it was quite stagnant then.What would be your recommendation now for GMR.A buy call?.Please let me know

  19. sagecapital
    Tuesday, November 20, 2007 at 12:05 pm

    Yes dude..
    115-120 very much possible.
    Disclosure- We are long on the stock

  20. jk
    Tuesday, November 20, 2007 at 12:00 pm

    IFCI STILL LOOKS GOOD TO ME
    uptrend

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