India Stock Market predictions for 10 February 2011

February 10, 2011 Leave a comment

Yesterday: Market continued its downward spiral after breaching the Sensex 18000 mark day before. ICICI bank bounced back owing to stock being bottomed out after being hammered for 3 sessions. Mahindra and Mahindra came back strongly riding on good results for quarter.

Prediction: The market are quite unpredictable right now owing the new revelations about scams everyday. I will recommend small term buying in selective counters.

Stock to Watch: ICICI  has breached its several lows. It can be a good time to enter the script. Gail is another long term counter showing some short term weakness. It will be good to get inside these scripts at these valuations. SBI was a bit expensive but has mellowed down yesterday. I see some further weakness for it in the coming days. Oracle Financial Services fall be over 4% yesterday. It is company with strong fundamentals and attractive valuations at this price.

Bears’ Honey

The 8-10% fall in ADAG counters owing to market rumors over irregularities by the group at different levels

Uncertainty about IIP numbers and government’s ability to reign in fiscal deficit and inflation

Bulls’ Horns

SAIL can rise owing to it getting environment clearances from Ministry of environment for its Chiria  Mines. Source

SKS and other microfinance companies can get some respite in light of announcement of ADB plans to set up $250 mn guarantee fund for microfinance. Source

Tomorrow shall put the report on what happened in market today.

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India Stock Market Prediction for 2 February 2011

February 2, 2011 Leave a comment

Yesterday: The result was not much in line with our xpectation and indices continued to bleed. IT majors like Oracle Financial Services were some of the biggest losers.  The index as a whole was in red barring minor aberrations.

Prediction: A recovery is visible on the horizon. The market should end its losing streak today. There is no need for widespread panic right now. To be safe Future contracts for April can be purchased to hedge the equity investments. It can be good opportunity for selective buying in the Banking sector. Hold your mid caps, it is the worst time to offload them.  Stay away from MFI  & Real estate at least for now.

Stock to Watch: RIL, Bharati Airtel( The results for today, the stock has shed close to 6.5% . The results are expected to be in line with street expectations and stock should rebound ), Indosolar ( down 30% from its listing prices , is attractive buy at current prices)

Bears’ Honey

Inflation  and oil breaching the 100$ barrel mark are ruling the minds of investors. RIL has continued to lose ground and breaching it support levels of  920 INR.

Bulls’ Horns

The raising on interest rates by bank to counter inflation provided some solace yesterday and the banks didn’t lose as much as others yesterday. Banks can build up some momentum today .  Bharti which contributes good numbers to Sensex index will be really looked forward to.

Tomorrow shall put the report on what happened in market today.

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Stock Market Prediction for 1 February 2011

February 1, 2011 1 Comment

Yesterday: As predicted the day started with across the board fall of 300 points on Sensex, but recovered later. Bharati Airtel reached further lows and is expected to bottom out today.  The technology sector with biggies like Infosys and TCS has corrected by good margins. However the storm is yet to settle post WIPRO and MindTree high profile exec exits.Banking stocks seems to be recovering but it is too soon to be complacent about them. The clouds have not cleared fully

Prediction: A minor upside , no wild movements for today . Selective n across the board fall with OMC bearing a fair degree of brunt owing to pressure on oil supplies. There is no need for widespread panic right now. It can be good opportunity for selective buying in the Banking sector. Hold your mid caps, it is the worst time to offload them.  Stay away from MFI  & Real estate at least for now.

Stock to Watch: RIL, Bharati Airtel( The results for tomorrow & sentiment are expected to be positive riding on the roll out of 3G services in India), Siemens ( Big Bull , rose due to buyback offer but buy date is too far …March End… Stay out but keep watch)

Bears’ Honey

Inflation data and continuous battering of mid caps is a big dampener. RIL after hitting its 52 week lows was  expected to bounce back and spearhead the northbound movement. Crude prices flirting with the 100$ /barrel mark might weaken the old horse ability to lead. Banking stocks might go back into red over NPA provisioning fight b/w RBI and SBI.

Bulls’ Horns

The Egypt clouds have cleared a bit and it would be a while till impasse is resolved. Close on the heels of all other indices recovering from Egypt shock, that factor is not expected to play a major role today. Sensex saw lot of comeback after registering a 300 point fall in the opening hours.  So the positive sentiment are expected to stay.

Tomorrow shall put the report on what happened in market today.

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Stock Market Prediction for 31 January 2011

January 31, 2011 Leave a comment

Prediction: An across the board fall with OMC bearing a fair degree of brunt owing to pressure on oil supplies. There is no need for widespread panic right now. It can be good opportunity for selective buying in the Banking sector.

Stock to Watch: Reliance ( RIL hitting 52 week low), Bharti Airtel ( Results on Wednesday, trading close to 2 month low, new African businesses + Egypt being trend setter of sorts for them)

Bears’ Honey

In light of Egyptian crisis and consequent fall in Dubai markets, the ripple effects are expected to be seen in Indian Markets today. Egypt crisis can complicate use of Suez canal and on a long term scale more instability in the middle east region leading to erratic oil supply. This can lead to price of oil which is currently less than its all time highs of >100$ per barrel , cross the psychological benchmark once again which could lead to triggering of negative sentiments.  Bullion will for sure be the smiling geek amidst all the turmoil.

Bulls’ Horns

Government of India mulling lowering import duties to tackle inflation can bring some respite though the steps taken will take some days to show affects.

Also after the catharsis of last seek which saw Sensex breach the 18500 mark and January future contracts expire, there might be some respite with the sellers coming in back to buy the stocks available at good valuations.

At the end of day , I shall put how the markets turned out today.

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