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Posts Tagged ‘SBI’

Market update-Stocks to watch

Thursday, July 23, 2009 Leave a comment

In this rally, it might be a prudent strategy to stick to the large caps like Reliance, SBI and L&T. I am saying this because the volatility might be too high on small and mid cap stocks.
In terms of sectors-capital goods, banking and pharma look the best. In pharma stocks like Dr. Reddy and Cipla are hitting new highs, which is always a good sign.
The most critical thing will be manage the high volatility and make a timely exit. If NIFTY picks up momentum after 4700, it might be a good idea to hedge by selling some out of money call options. Alternatively putting tighter stops will do the trick.

The macroeconomics of Indian economy are improving as is evident from the fact that infrastructure sector is picking steam again. As last bull market was driven primarily by capital spending, market participants (read FIIs) might see it as a good sign.

So ride the wave but always look around for danger signs.(like 4250 on the NIFTY or a rise in upside volatility)

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Market outlook and stocks to watch

Monday, November 19, 2007 1 comment

Last week was extremely good for the markets with markets holding the 5500 level quite well. At the same time they failed to cross the 5960 level(on a closing basis) which is offering a lot of resistance. So one needs to wait for this level to cross on the upside for taking aggressive long positions.

Individual stocks are showing lots of action. The reliance pack seems to be cooling down with the exception of Reliance Capital which looks set for higher levels.

One sector which one can closely watch is cement. I am seeing some interesting moves there and some quick short term gains can’t be ruled out in the sector.

In banking our old favourites like SBI continue to do well.

in Steel, people seem to have taken fancy to small steel companies. I’d book my profits in the same as the sector is getting too hot. Ispat Industries might still have some steam left though.

Again in the refinery sector I see a lot of buzz around MRPL and Essar Oil and the a lot of retail is getting into the scrip at these levels. If you are smart its still time to skim some profits off the table if you still want to ride these. My best bet in the sector remains Indian Oil Corporation which looks decent from a medium term perspective.

If markets remain in a range, then action shall shift to individual stocks in the midcap and small cap sector. So you need to keep your eyes open and spot the opportunities there.

Categories: NIFTY Strategy Tags: , ,

Markets displays strength – SBI hits a new high

Monday, November 5, 2007 4 comments

The markets displayed a great strength on Friday and held the 5700 levels I had mentioned. All this, despite the negative global cues! this market has a mind of its own and does what it wants to do. If you remember we fell on Thursday despite stronger global cues.

Another interesting point to note is the FIIs were buyers when markets fell on Thursday and they were net sellers(provisional data) when markets rose on Friday. Usually it always happens the reverse way!Does this signal the arrival of the domestic investor? (Might be too early to draw a conclusion- one or two observations are not enough)

Things look positive as of now and we seem to be on track to have a nice Diwali. Also do you ever wonder as to why the TV channels have suddenly stopped talking about FII money slowdown? Everyone anticipated that after Oct 25 and predicted a sideways to downward move. As a result many people might have missed this upmove.

Banking stocks like SBI seems to be heading higher. This remains my top pick in the PSU banking space. For short term punts one can also look at Bank Of Rajasthan and Bank of India.

The Reliance pack looks very interesting and I have placed quite a few bets on them in the last two weeks. So far they have netted some handsome gains.

As long you manage your risks, you don’t have to worry in this market. the moment you go on extra dose of leverage or buy based on the “hot news”, you might land up in big trouble. This market shall conspire against you and throw you out of this game!

My next targets on NIFTY are pretty huge if the trades work out. I am being pleasantly surprised each day. At the same time I am aware that things can change any time. This market is evolving very fast and you have to adjust to it pretty fast.

So stay put and remain vigilant. Always remember-it is your hard earned money which is on the line.

Some big winners -L&T, Divi's Labs, Adani Enterprises,GE Shipping,RPL,SBI

Sunday, October 28, 2007 6 comments

When the markets are up, it is futile to talk about winners. So lets talk about some big winners today.

L&T-One of our three musketeers is up 10%. The stock has more than doubled since I first talked about it on the blog.

Divi’s Labs- My favourite play in the pharma sector is also up 10% touching lifetime highs.

Adani Enterprises – The stock is one of “really big” winners! The stock has gone from 300 levels to around 850 levels in a quick time. Thats almost 3 times in 3 months! Now I know some of you say that the stock might be rigged but I’d ride till it refuses to come down!

GE Shipping- This was a late entry to the party. The stock is trending up nicely and might be the next multibagger!

Keep also an eye on the SBIs, RPLs and IFCIs of the world.

Those who follow “reasons” are still sticking to the Infosys’ and TCS of the world. They will do anything to “explain” the underperformance and “bright future” of these stocks. I’d jump in these stocks as and when they start to show promise.

Some big winners -L&T, Divi’s Labs, Adani Enterprises,GE Shipping,RPL,SBI

Sunday, October 28, 2007 6 comments

When the markets are up, it is futile to talk about winners. So lets talk about some big winners today.

L&T-One of our three musketeers is up 10%. The stock has more than doubled since I first talked about it on the blog.

Divi’s Labs- My favourite play in the pharma sector is also up 10% touching lifetime highs.

Adani Enterprises – The stock is one of “really big” winners! The stock has gone from 300 levels to around 850 levels in a quick time. Thats almost 3 times in 3 months! Now I know some of you say that the stock might be rigged but I’d ride till it refuses to come down!

GE Shipping- This was a late entry to the party. The stock is trending up nicely and might be the next multibagger!

Keep also an eye on the SBIs, RPLs and IFCIs of the world.

Those who follow “reasons” are still sticking to the Infosys’ and TCS of the world. They will do anything to “explain” the underperformance and “bright future” of these stocks. I’d jump in these stocks as and when they start to show promise.