morning thoughts..

The Federal Reserve's decision on monetary easing at its meeting next week holds the key to emerging markets including India. Back home the Reserve Bank of India (RBI) will hold its next quarterly monetary policy review on Tuesday, November 2, 2010. It is widely speculated that the RBI will hike the key lending and borrowing rates by 0.25% each at its next policy review. Rate hikes by the RBI have a direct impact on interest rates offered by banks on loans to Indian companies. Investors will also closely watch the second quarter results by India Inc which will run till the second week of November.
Technically there are no signs of immediate weakness in the indices , however the broader indices will continue to trade in a range with huge speculative activities in stock specific.
So we would like to concentrate on stock centric and wait for big moves in the particular stock.
The trading strategy remains to buy on dips and exit near resistance zones on higher levels.

Stocks to watch

Essar oil , petronet lng , punj lyod

After 1 year of waiting its again time to rejoice and time for cracker and bumper diwali calls which will be given on muhurat trading day.

Same can be taken before , contact for the same

Our last diwali to diwali pick

Lic,gmdc , supreme petro ,flex foods.

One can see the result.


Friday’s call sent via sms and messenger

Billionaire Drum Essar oil – buy at cmp 145 sl x targets x – holding

Platinum Punter India info – buy at cmp 117 sl x targets x – holding

Golden Fii Suzlon – buy at cmp 55 sl x targets x – holding

Silver Dii Punj lyod – buy at cmp 118 sl x targets x – holding

Jackpot Jp associates – buy at cmp 120 sl x targets x – holding

Nifty – sell at cmp 6035 sl 6055 targets 5965 , went 5963

Nifty 6000 pe – buy at cmp 115 sl 105 targets 135 , went 148

Hind oil – buy at cmp 268 sl 165 targets 280 , hit sl

Ivrcl infra – buy at cmp 146.50 sl 145 targets 151 , went 152