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India Equity Research Reports, IPO and Stock News
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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Top stock picks of the week
Check out the top 5 picks of the week by Ashwani Gujral, Technical Analyst, ET NOW
The Nifty closed up for the third week in a row; this time rising about 3.09%. In the extreme short term, as Nifty keeps moving up every day, the risk reward is unfavorable for shortterm traders. January has FIIs pouring in about Rs 10,000 crore. I believe the odds are shifting towards the bear market ending and equity exposure must be increased on declines.
Inflation is still not in RBI's comfort zone and decline in rates may be slower than people expect. Global markets seem to be in a strong uptick and fund flows towards EMs have started. The US Fed has indicated QE3, so equity environment continues to be favourable.
Immediately, I think the market could correct in the short-term towards 4900-4950. On a stock-specific basis, one can reduce exposure to defensive stocks and can be more aggressive in exposure. FMCG, pharmaceuticals and technology stocks will underperform in this market rally. On declines, investors must get into rate sensitive, cyclical stocks, which include banking, metals and infrastructure.
The biggest alpha will be created in the most beaten-down stocks. The only due diligence needed is to avoid companies with regulatory issues, some sectors which come to mind are aviation and mining. The levels for the week for Nifty, Bank Nifty and CNX IT are 5245, 9933, 6256.
(Views expressed are personal. The chartist may have interest in some or all of the stocks. The readers are advised to take their own investment decision or may take professional advice before investing.)
The Nifty closed up for the third week in a row; this time rising about 3.09%. In the extreme short term, as Nifty keeps moving up every day, the risk reward is unfavorable for shortterm traders. January has FIIs pouring in about Rs 10,000 crore. I believe the odds are shifting towards the bear market ending and equity exposure must be increased on declines.
Inflation is still not in RBI's comfort zone and decline in rates may be slower than people expect. Global markets seem to be in a strong uptick and fund flows towards EMs have started. The US Fed has indicated QE3, so equity environment continues to be favourable.
Immediately, I think the market could correct in the short-term towards 4900-4950. On a stock-specific basis, one can reduce exposure to defensive stocks and can be more aggressive in exposure. FMCG, pharmaceuticals and technology stocks will underperform in this market rally. On declines, investors must get into rate sensitive, cyclical stocks, which include banking, metals and infrastructure.
The biggest alpha will be created in the most beaten-down stocks. The only due diligence needed is to avoid companies with regulatory issues, some sectors which come to mind are aviation and mining. The levels for the week for Nifty, Bank Nifty and CNX IT are 5245, 9933, 6256.
(Views expressed are personal. The chartist may have interest in some or all of the stocks. The readers are advised to take their own investment decision or may take professional advice before investing.)
Anant Raj Industries Ltd
Recommendation: Buy
Stop Loss: Rs 63
Last Close: Rs 67.85
Target: Rs 77
Stop Loss: Rs 63
Last Close: Rs 67.85
Target: Rs 77
Deccan Chronicle Holdings Ltd.
Recommendation: Buy
Stop Loss: Rs 44
Last Close: NA
Target: Rs 53
Stop Loss: Rs 44
Last Close: NA
Target: Rs 53
PTC India Ltd.
Recommendation: Buy
Stop Loss: Rs 49
Last Close: Rs 53.85
Target: Rs 62
Stop Loss: Rs 49
Last Close: Rs 53.85
Target: Rs 62
Jindal South West Holdings Ltd.
Recommendation: Buy
Stop Loss: Rs 625
Last Close: Rs 693.20
Target: Rs 675
Stop Loss: Rs 625
Last Close: Rs 693.20
Target: Rs 675
Hathway Cable & Datacom Ltd.
Recommendation: Buy
Stop Loss: Rs 139
Last Close: Rs 146.45
Target: Rs 156
Stop Loss: Rs 139
Last Close: Rs 146.45
Target: Rs 156
CESC Ltd
Recommendation: Buy
Stop Loss: Rs 258
Last Close: Rs 270.15
Target: Rs 297
Stop Loss: Rs 258
Last Close: Rs 270.15
Target: Rs 297
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