Financial results and be cautious lot of negative news items on pending.
Spectrum scam goes seriously, Avoid 3G spectrum scam related companies and telecom stocks.
After Petrol price hike, Diesel and LPG Gas cylinder prices also considering to hike. Focus on oil and gas stocks.
Tata Power: Okays Stock Split, Ratio 10:1.
NorthGate Technologies: Approved scheme of arrangement and amalgamation.
Gammon Infra: Approved rights issue.
Crompton Greaves: Buys Sweden-based Emotron Group.
BSE Sensex - NSE Nifty technical level:
CNX Nifty technical level is 5,200 to 5,700 points for May 2011.
BSE Sensex technical level is 17,000 to 19,000 points for May 2011.
If indices break these levels, be cautious. Expected outlook is bearish.
Performance of hot tips
Yesterday recommended Koutons jumped to above Rs 33 with in minutes.
We continuously recommended to avoid telecom stocks. Now see Reliance communication near 52 week low. Many telecom companies facing license cancellations from DoT (recently Idea and Spice telecom).
Dynamatic Technologies: Dynamatic Technologies Ltd, The largest producer of Hydraulic Gear Pumps in Asia.
NSE Stock close price is Rs 1335. Must Buy at current market price with stop loss of Rs 1300 for the immediate target Rs 1400. Technical tip, not for investment purpose.
Shalimar Paints: India's oldest paint company based in Mumbai. The company engaged in manufacturing and marketing of paints for industrial and domestic use.
Stock trading at Rs 480. Sell when opening if trades above Rs 500 with stop loss of Rs 520. Immediate target price is below Rs 450.
State Trading Corporation of India: STC is a premier international trading house owned by the Government of India. Government owned company dealing mainly in bulk international trade.
Stock trading at Rs 232. Buy at current market price with stop loss of Rs 225. Immediate target price is Rs 250 to 260. Technical tip, not for investment purpose.
Prithvi Information Solutions: PISL is a trusted global IT service provider of Apple platform design and integration services.
Stock trading at Rs 35. Must Buy if you can at current market price with stop loss of Rs 30 for the immediate target Rs 50. Technical tip, not for investment purpose.
Hot stocks
Kwality Dairy, Hindustan Copper, 20Microns, Reliance MediaWorks, DLF, Patni Computers, Voltas, Patel Engineering.
Note: No expecting any panic to markets technically, but use strict stop loss to all trades. It protects from capital loss.
Update on: [ 20-May-2011, 8.45 AM ].