(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/sun-tv-has-target-of-rs-240-245-mathew/)
Technical Analyst, E Mathew feels that after a little bit of consolidation, Sun TV Network is able to breakout above this congestion zone of Rs 173-175 possibly you could have here an excellent trading opportunity, which could give you as high a price target of around Rs 240-245.
"Sun TV is a great favourite amongst the southerners; there is no doubt about that inspite of the problems between Maran sons and the powers that be. But what I would like to see is though we have seen a very handsome move we are heading into resistance zone of Rs 173-175 is stiff resistance in my opinion and we are almost there. If after a little bit of consolidation, this stock is able to breakout above this congestion zone of Rs 173-175 possibly you could have here an excellent trading opportunity, which could give you as high a price target of around Rs 240-245, which in this market where people are consistently losing money, this could possibly one of the better trading bets."
Source : MoneyControl
Thursday, December 4, 2008
Avoid Ashok Leyland, says Baliga
(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/avoid-ashok-leyland-says-baliga/)
Ambareesh Baliga of Karvy Stock Broking is of the view that one should ignore Ashok Leyland.
"Among IVRCL Infra and Ashok Leyland, IVRCL would be a better choice but there are many more companies in that sector, which are much better. In fact I would prefer a stock like GMR or a Punj Lloyd. Ashok Leyland from an excise cut angle there could be some interest but for this sector to come out from where it is right now, I think it will take at least 3-4 quarters minimum. So at this point of time one can ignore a stock like Ashok Leyland."
Source : MoneyControl
Ambareesh Baliga of Karvy Stock Broking is of the view that one should ignore Ashok Leyland.
"Among IVRCL Infra and Ashok Leyland, IVRCL would be a better choice but there are many more companies in that sector, which are much better. In fact I would prefer a stock like GMR or a Punj Lloyd. Ashok Leyland from an excise cut angle there could be some interest but for this sector to come out from where it is right now, I think it will take at least 3-4 quarters minimum. So at this point of time one can ignore a stock like Ashok Leyland."
Source : MoneyControl
Stay away from metal space: Baliga
(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/stay-away-from-metal-space-baliga/)
Ambareesh Baliga of Karvy Stock Broking is of the view that one should stay away from metal space.
"We need to look at the steel cycle, which is still on the way down, as long as the commodity prices still moved on or possibly hold at these levels. You can’t expect the sort of performance, which you have seen from Tata Steel over the last 8 quarters. I don’t think that will be repeated at least for the next 2-3 years. So I don’t think any sort of bounce back should be a reason to buy this stock. I think one should stay away from the metal space, which includes Tata Steel and Steel Authority of India."
Source : MoneyControl
Ambareesh Baliga of Karvy Stock Broking is of the view that one should stay away from metal space.
"We need to look at the steel cycle, which is still on the way down, as long as the commodity prices still moved on or possibly hold at these levels. You can’t expect the sort of performance, which you have seen from Tata Steel over the last 8 quarters. I don’t think that will be repeated at least for the next 2-3 years. So I don’t think any sort of bounce back should be a reason to buy this stock. I think one should stay away from the metal space, which includes Tata Steel and Steel Authority of India."
Source : MoneyControl
IVRCL Infra can test Rs 205-206: Mathew
(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/ivrcl-infra-can-test-rs-205-206-mathew/)
Technical Analyst, E Mathew is of the view that if IVRCL Infrastructure and Projects does breakout pass Rs 150, this move could surprise you with a move all the way to possibly Rs 205 and Rs 206, which would be a good trading opportunity.
"At least in the short-term IVRCL Infrastructure and Projects has given a lot of encouragement to the bulls because the bottom, which it has created at around Rs 103, is substantially higher than the bottom of Rs 57, which we saw in the month of October. So to that extent, I think the bulls have lot of encouragement and for a smart trader, the stoploss is defined as Rs 101, we could look for a breakout pass that Rs 150 zone. If it does breakout pass Rs 150, this move could surprise you with a move all the way to possibly Rs 205 and Rs 206, which I think would be a good trading opportunity but beyond that I would not read too much into this move."
Source : MoneyControl
Technical Analyst, E Mathew is of the view that if IVRCL Infrastructure and Projects does breakout pass Rs 150, this move could surprise you with a move all the way to possibly Rs 205 and Rs 206, which would be a good trading opportunity.
"At least in the short-term IVRCL Infrastructure and Projects has given a lot of encouragement to the bulls because the bottom, which it has created at around Rs 103, is substantially higher than the bottom of Rs 57, which we saw in the month of October. So to that extent, I think the bulls have lot of encouragement and for a smart trader, the stoploss is defined as Rs 101, we could look for a breakout pass that Rs 150 zone. If it does breakout pass Rs 150, this move could surprise you with a move all the way to possibly Rs 205 and Rs 206, which I think would be a good trading opportunity but beyond that I would not read too much into this move."
Source : MoneyControl
Limited downside in IT stocks: Baliga
(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/limited-downside-in-it-stocks-baliga/)
Ambareesh Baliga of Karvy Stock Broking feels that there is limited downside in IT stocks.
"IT provides a lot of value at this point of time but we can’t recommend people to buy right now because people surely expect some sort of returns, at least over the next 3-6 months, which I don’t think is possible at this point of time. I think IT should be there on the radar to be bought, like the downside is quite limited from here. But I think people should wait at least for the next month or two before they really decide which stocks to buy and on the top of the radar is surely Infosys, TCS and Wipro."
Source : MoneyControl
Ambareesh Baliga of Karvy Stock Broking feels that there is limited downside in IT stocks.
"IT provides a lot of value at this point of time but we can’t recommend people to buy right now because people surely expect some sort of returns, at least over the next 3-6 months, which I don’t think is possible at this point of time. I think IT should be there on the radar to be bought, like the downside is quite limited from here. But I think people should wait at least for the next month or two before they really decide which stocks to buy and on the top of the radar is surely Infosys, TCS and Wipro."
Source : MoneyControl
Wednesday, December 3, 2008
Intraday Tips and Market Outlook for 4th Dec from IndianMoneyPlus.Com
(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/intraday-tips-and-market-outlook-for-4th-dec-from-indianmoneypluscom/)
IndianMoneyplus.Com - US markets rallied.
IndianMoneyplus.Com - US markets rallied.
Markets are expected to be rangebounded for some time.
Technically speaking I expect a break out to come.
Asia has opned positive. Expect Indian markets to open a positive note. Markets may not be able to sustain its positivity.
Nifty has a strong support at 2550 and a resistance for upmove at 2810 and 2950.
Day Trading Ideas.
IDBI Bank.
Buy above 57 for targets of 58.10 and 59.20
Sell below 55.25 for targets of 54.10 and 53.20
Orchid Chemicals
Buy above 82 for targest of 84 and 85.90
Sell below 80 for targets of 79 and 77.50
Unitech
Buy above 26.50 for targets of 27.10 and 27.80
Sell below 25.80 for targets of 24.90 and 24.10
Suzlon
Buy above 37.90 for targets of 39.10 and 41.20
Sell below 34.90 for targets of 34 and 33.10
Happy Investing.
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16% return across 9 stock ideas
(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/16-return-across-9-stock-ideas/)
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On the cafestocks stock market community, ideas of our member blueice are giving 16% average returns across 9 stock ideas. There is 100 accuracy in these stock tips.
You can also register for free at cafestocks and track 'blueice'. This will make sure that you get an email when bluice shares the next stock idea.
You can see blueice's performance at http://www.cafestocks.com/userSearch.do
You can register for free at www.cafestocks.com/register
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