Aug 4, 2007

Correction the flavour of the Season !!!! : Stocktrendz

Markets saw aggressive buying on the last day of the week on the back of unchanged ratio's from the RBI which was largely accepted across the market and a robust earnings season.Market remained +ve on the overall basis.

The Most Worrying factor of the market is the overall sell off seen in the global markets in the last week triggered by US subprime mortgage and credit market worries.On Friday both the Us Indcies DowJones & Nasdaq saw a deep cut of over 2 % for second time in 8 days this is a sign of worry for our market as well.

The crude prices are on high as well which will a negative news for inflation in coming weeks as well.Overall asian markets also reacted sharply on the trendz of other global markets.

FIIs were net sellers to the tune of Rs 1,341 crore ($575.7 million) in five days between July 27 and August 2. They reported net sales of Rs 142.70 crore (provisional) on Friday.

The BSE benchmark index plunged by 615.22 points, registering the third biggest fall on August 1st.

The coming week of the market will not be an easy one as well.Markets might see another fall if the overall breath remains -ve for the global market.

Investors should keep a watch on sensex movements in coming session which might see a great amount of volatility.Our advise to the investors would be to book profits and keep cash in their hand to buy good frontline stock on every decline.Do not keep any open position in F&O markets.

Some Stocks that can be bought on Decline for delivery ( Longterm ) :

Ongc -- Target -- 1100
Rcom -- Target -- 700 +
Reliance Capital -- Multibagger Stock of the Year 2007
Hindustan Zinc -- Target -- 1250 + ( 1 year )
Tata motors

Midcap Picks :

Idea Cellular -- Target -- 195 +
Cinemax -- Target -- 200 +
Enil -- Target -- 600 +
Jindal Steel -- Target -- 6000 +
Adlabs -- Target -- 625+
Utvsoft -- ( long term Multibagger )

Top Performing Sector :

Capital Good & Engineering
Media & Entertainment
Oil & gas Sector
Power Sector
Metal Sector -- ( Bullish overall )

Note : Buy these stock's on decline with a long term view only.


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