Wednesday, 26 September 2007

Stock Markets today

Markets ended relatively flat today after a rather dramatic day!! SENSEX touched 17000 mark but closed at 16921.39, 21.85 points up from yesterday. It took 6 days for SENSEX to reach 17K from 16K!!

Although Technology shares have being lagging behind for quite some time now but they were the major propellers today. Satyam gained 4.81% while Wipro closed 4.33% higher than yesterday. Banking shares also had a relatively good day today.

Stock idea: Idea Cellular

Idea cellular looks like a good buy from a long term perspective.

CMP: 129.70

Hot Stock: GMR Infra

You can buy GMR Infrastructure with a stop loss of 760-770 for a target of 990-1015.

CMP: 855

Tuesday, 25 September 2007

Ashwani Gujral's Views

Ashwani Gujral has given a buy recommendation for Oswal Chemical with a stop loss of Rs 40 for a target of Rs 62.

I had given this call when it was 36.15 :-)

CMP: 50.40

Monday, 24 September 2007

Zoooooom

RNRL was up 21% again today and closed at 93.60!! NSE posted record turnover today thanks to anything named Reliance!!!

Rate cut

HDFC has cut the floating home loan rates by 0.5%, FIxed home loan however remains at 13.25%.

Stock Tips: Unitech

Unitech has the momentum to touch Rs 400 levels.

CMP: Rs 350.25

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.