Equities - Monthly Presentation - New Year, new hopes...
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NIFTY
NIFTY (6002), Nifty has made high of 6042, we had a target of 6050 & 6150 and till the index doesn’t close below5820 , Targets of 6100 & 6250 are possible. Range Bound market 5850-6250 could be the range.
SENSEX
SENSEX - (19743) has almost 8 pending gap-ups out of which few can be closed if Sensex doesn’t cross 20150 before any fresh rally can start. Month of January can be flat and rally towards Month of February would start ahead of Budget expectation.
What we like?
Picks of the Last month
|
Reco Price
|
High after Reco
|
% returns
|
Last month Pick
| |||
Sun Pharmaceuticals Inds (Dec)
|
715
|
775
|
8.39
|
ING Vysysa Bank (Nov)
|
471
|
576
|
22.29
|
BASF (Oct)
|
665
|
781
|
17.44
|
Tata coffee (Sep)
|
993
|
1656
|
66.77
|
Bayer Cropscience (Aug)
|
922
|
1341
|
45.44
|
This month Pick
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LIC Housing (Jan 2013)
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289
|
289
|
-
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- Pick of the month - LIC HOUSING FINANCE
- Sector for the year – We like “Housing Finance Companies (HFCs)”
Picks we like –
1) LIC HOUSING FINANCE
2) GIC HOUSING
Top 6 picks –2013
1) RELIANCE CAPITAL
2) THERMAX
3) ARVIND LTD
4) TVS MOTORS
5) KARUR VYSYA BANK
6) Dr. REDDY’s LABS
Thanks & Regards
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Signs of new hope…
2012 saw markets closing on gains of close to 28% due to renewed policy action which
made the difference along with FII flow crossing $23bn in the same period.
New year 2013 has begun on a better note with changed sentiments and lighter mood
though investors remain skeptical which is reflected in markets as we see Nifty hovering
around 6000 levels but is unable to cross the same.
Global scenario needs to be supportive as well as US has seen the fiscal cliff decision
postponed for 2 months, Europe is still uncertain with countries like Italy-Spain still under
scanner.
Most of the negatives are largely factored in by now and everyone is eyeing the easing of
interest rate scenario.
January will be a action packed month with number of important events lined up –
Q3FY13 result season will start with IT bellwether Infosys declaring the result.
Inflation and IIP data will be keenly watched as it would act as a key indicator ahead of the
RBI policy month end.
Due to the results season we may see more of stock specific movement therefore we
continue with our stock specific approach going forward.
Sector for the year – We like “Housing Finance Companies (HFCs)”
Picks we like –
1) LIC HOUSING FINANCE
2) GIC HOUSING
Top 6 picks –2013
1) RELIANCE CAPITAL
2) THERMAX
3) ARVIND LTD
4) TVS MOTORS
5) KARUR VYSYA BANK
6) Dr. REDDY’s LABS
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