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.
Coal India: E-auction ban is major negative news for Coal India Ltd.
Gammon Infra: Board to consider rights issue.
Vaswani Industries: Recent IPO listing delay due to SEBI order.
Galaxy Surfuctants: Withdraws IPO immediately.
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 Cinemax at Rs 41 jumped suddenly to Rs 45 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).
Koutons Retail India: Koutons Retail India Ltd is a men's wear retailer company for shirting and suiting.
Stock trading at Rs 31. Buy at current market price with stop loss of Rs 28. Immediate target price is Rs 40 to 45. Looks very hot catch at opening to get jackpot gains.
Shoppers Stop: Shoppers Stop is an Indian department store chain. Shoppers Stop is one of the leading retail stores firm in India.
Stock trading at Rs 400. Buy at current market price with stop loss of Rs 390. Immediate target price is Rs 430 to 450.
Investment Idea - Zicom Electronic Security Systems: It is a leader in the field of Electronic Security products in India.
Stock trading at Rs 39. Buy at current market price with stop loss of Rs 35. Short term Investment target is Rs 70.
Investment time frame: within three months.
Why Invest: Strong fundamental company with steady business growth. In future having lot of requirement to e-security systems. Less competition is also one of the positive factor. One can consider to invest.
Hot stocks
RBL, Varun Shipping, Kwality Dairy, National Steel, Shiv-vani oil, Mic Electronics, Orchid Chemicals, ARSS Infrastructure, Anantraj Industries, Vaibhav Gems, Reliance Infra, Coal India, Opto Circuits, Pharma stocks and Construction stocks.
Note: No expecting any panic to markets, but use strict stop loss to all trades. It protects from capital loss.
Update on: [ 19-May-2011, 8.45 AM ].