Jan 24, 2009

Stock Pick's ....24/01/09

The Result Season Started with Infosys was not encouraging enough to infuse cconfidence in the market for a big rally. Other IT companies like Wipro & Tcs could not meet the street expectation on the results which ever almost flat on back of week US economy.

Markets largely remain to be in week zone & selling pressure might continue for a long time than expected. Nifty levels on the lower side 2550 can be a support & 2800 on the upside looks a trading range.

Stock Watch

Hindustan Zinc
PNB
Tata Power

Telecom Sector Looking Very Volatile in the near tearm but remains a very attractive sector to invest for long term Top Pick Reliance Communucation.
With the Entry Into the GSM Space Relaince Communincation Once again triggred the price war by providing a SIM card for as low Rs.25 which was a history repeated when they lauched their CDMA service for Rs.100. Reliance Communication is well placed on a growth path with a huge capex to expaned its services on pan india level.
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