SBI mutual fund bought 540942 shares of Mcdowell Holdings @130 on 01/12/2010 on NSE while sold some 130000  share on BSE at same price

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Value buying…

After a sharp correction in the equity market now it is giving  opportunities to the retail investors to do some value picking.Certain stocks like IDBI Bank,SAIL,Videocon Industries,First Source Ltd,NTPC,GIC housing finance are looking good for a medium term.Buy Ranbaxy  Laboratories for 2 to 3 days.

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Buy

Buy Union bank @ 377 for  short term.

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Expect more from Market…

After a splendid rally last week market closed a new all-time high. The rally was led by SBI, Tata motor, JP associate, M&M,Hindal co etc.SBI jumped 1.65% to new all-time closing high of 3,489.95 but surprisingly newly listed Coal India is just short of Rs.731 crore to surpass SBI as India’s 3rd most valued firm(in terms of market capitalization) after Reliance and ONGC.

With the expectation of good Q2 result from SBI (8th), Tata motor (9th) Tata steel and Tata power (12th) coming week also looking promising however it is advisable to trade stock specific with strict stop loss.

Reliance power, Tata motor and Tata steel is looking good for long position, same time Power grid can be sold as Power Grid FPO price band fixed at Rs 85-90 with an additional 5 % discount to retail investors.

Going ahead majority of the analysts are bullish on Indian equity and expecting at least 15-20% returns from the market next year.

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Markets to touch new high during the Mahurat trading.

Look at buying Gammon Infrastructure,Videocon Industries and Indosolar on Diwali .

Wishing you all a Happy Diwali.

 

 

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Major bulk deal on 01.11.1010(NSE)

 

Security Name Client Name Buy/Sell Quantity Traded Trade Price
Cantabil Retail Ltd AXIS BANK LTD BUY 90500 70.84
Indosolar Limited RELIANCE CAPITAL TRUSTEE COMPANY LTD A/C EQUITY OPPORTUNITI BUY 2430500 24.05
Indosolar Limited RELIANCE CAPITAL TRUSTEE COMPANY LTD A/C RELIANCE SMALL CAP BUY 2430500 24.05
K S Oils Limited M/S MERRILL LYNCH CAPITAL MARKETS ESPANA SA SV BUY 2260000 60.66
Mangalam Drugs And Organi INVENTURE GROWTH & SECURITIES LIMITED BUY 107147 19.33
Mangalam Drugs And Organi THIRDWAVE FISCAL AND  INVESTMENT SERVICES PVT LTD. BUY 100000 19.51
Orchid Chemicals Ltd. M/S MERRILL LYNCH CAPITAL MARKETS ESPANA SA SV BUY 444000 298.43
Genesys International Cor CITI GROUP GLOBAL MARKETS MAURITIUS PVT LTD BUY 200000 272.51

 

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Great week ahead….

Expect a great trading week ahead after a robust Q2 result from Reliance Industries and a high expectations of Coal India listing..Market likely to touch 6250 again.SBI could be the best buy for 1 week.

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