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Technical Picks – Stocks



Weekly Market, Sectoral and Stock Perspective – Technicals


Weekly Technical Report

Market Guide

Stock Exchanges – BSE and NSE There are two national stock exchanges in the country, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Most large brokers hold membership cards in both exchanges, offe...

Types Of Market Transactions You will find it easier to transact in the stock market once you attain a basic understanding of market mechanics. Before a share is purchased or sold, the investor must instruct his broker ...

Settlement Once you have bought or sold shares, the transaction is complete only when you have got the shares you purchased, or received money for the shares you sold. This is called settlement in stoc...

Auctions An auction is resorted to when there is a default in delivery by a broker. An auction is the exchange’s mechanism through which, in a settlement, a buyer broker gets shares in the eventualit...

Investor Protection Measures In the modern world, stock markets have evolved as important drivers of national economy. Fair and clear-cut rules and regulations are enforced by governing bodies to ensure safety of all pa..

Src: HDFCSEC

Fuel price hike may be big drag on Dalal Street

Fuel price hike may be big drag on Dalal Street

MUMBAI: Domestic shares may be under pressure early this week on fears that the government’s decision to hike fuel prices will boost inflation. Investors are concerned that a further rise in prices could prompt the Reserve Bank of India (RBI) to take stronger steps in monetary policy to combat inflation. Shares of automakers are likely to be subdued on concerns that higher fuel prices could dent demand for vehicles. Shares of oil marketing companies (OMCs) such as HPCL, BPCL and IOC and explorers, including ONGC, could rise. “We may see these stocks (oil) going higher in the next few days because they had been lacklustre for a very long time,” said Ambareesh Baliga, vice-president, Karvy Stock Broking. He added that auto stocks should be avoided, as they will see some profit-booking, after a good rally in the past few weeks. Though the move to raise oil and gas prices is expected to improve the government’s finances in the long run, a section of the market is concerned about the timing of the increase, as inflation is still high. Also Read → ONGC, IOC could hit market soon with FPO → How to make exit decisions in volatile market → Private oil companies to go full throttle with expansion Inflation, as measured by the wholesale price index (WPI), rose to 10.16% in May. A silver lining for the stock market would be the better-than-expected progress in the monsoon, which is likely to bring down food prices. “A good monsoon will take care of food inflation and will boost the agricultural sector, which is one of the key constituents of economic growth,” said Mr Baliga. Mid-cap shares are likely to see more activity than their frontline peers, if futures and options data are any indication. “There have been aggressive rollovers in the mid-cap space. So, they will witness an increase in trading activity in the days to come,” said Bhavin Desai, manager-derivatives, Motilal Oswal Financial Services. Analysts said the drop in volumes in the futures segment, despite a strong rollover to the July series, suggests investors have become more risk-averse. Global investors will closely watch the outcome of the G-20 meeting over the weekend. On Friday, overseas markets ended weak on concerns that the decision by European governments to cut down on spending and increase taxes could delay global recovery.

Greek crisis, inflation and rate hike may impact India's economic growth
28 Jun 2010, 0539 hrs IST

Pace of India's economic growth depends on growth in global economy and its impact on Indian economy through trade linkages.

UTI Leadership Equity a highly conservative equity scheme
28 Jun 2010, 0537 hrs IST, Bakul Chugan Tongia

UTI Leadership Equity’s extremely conservative play has led the fund to miss out on some of the brilliant opportunities.

Financial planning can limit the impact of job loss
28 Jun 2010, 0537 hrs IST, Amrit Mathur

Loss of employment is a difficult period for salaried individuals and their families, but suitable financial planning can limit the impact.

Technofab an attractive bet for investors
28 Jun 2010, 0536 hrs IST, Shikha Sharma

Technofab seems to be an attractive bet for investors considering its strong order book and superior EBITDA margins.

Bull's eye: Sintex Industries, Bank of India, Dish TV, Gruh Finance, HDFC Bank
28 Jun 2010, 0535 hrs IST

JP Morgan initiates coverage on Sintex Industries with an `Overweight’ rating and a target price of Rs 435.

Long-term investors can consider Parenteral Drug
28 Jun 2010, 0534 hrs IST, Jwalit Vyas

Given its growth prospects, Parenteral Drug’s stock looks reasonably priced at the current levels. Long-term investors can consider the stock.

Some upside still left in Ess Dee Aluminium
28 Jun 2010, 0533 hrs IST, Abhineet Singh

Given the pace of growth in the organised packaging industry, there can still be some upside left for Ess Dee Aluminium's stock.

Cairn India lucrative for long-term investors
28 Jun 2010, 0530 hrs IST, Ramkrishna Kashelkar

With the commissioning of its pipeline, Cairn India’s profits are set to soar in FY11. Its growing resource base and focussed efforts on E&P make it lucrative for long-term investors.

Deregulation of prices a relief to oil industry
28 Jun 2010, 0529 hrs IST, Ramkrishna Kashelkar

The government’s move to deregulate oil prices may give a sigh of relief to the debt-burdened industry. Investors of oil companies are also likely to benefit from this as they will be rewarded with good dividends in future.

GTL - Reliance Communication - Relinace Infratel merger details

Pidilite Industries

Weekly Outlook - June 27 2010

Src: ET and DP blog and etc