Hot Stocks To Trade Today 8 January

Good Morning readers, heading direct from the markets, in the opening bell market is showing flat trend. Nifty is now expected to head higher till 6,040, with support around 5,960 in the short term. The key support in the immediate run will be around 5,982 and resistance will be at 6,020. 

Active Stocks To Watch Today :-

1) Reliance Industries

2) United Spirits Ltd

3) Telecom stocks

4) GMR Infrastructure Ltd

5) Kingfisher Airlines Ltd

6) Marico Ltd

7) Bajaj Auto Ltd

8) State Bank of India

9) Suzlon Energy Ltd

10) NTPC Ltd

Today's Call :

BUY HIND MOTOR CMP 12 STOP 10.80 TARGET 14

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Share Market Trend Tomorrow 8 January 2013

Market Review Today 7 Jan :-

It is a weak start to the week. After closing for two days above the 6,000-mark, global sluggishness took a toll on the Nifty. It closed at 5,988, losing half a percent in trade. The Sensex lost 92 points or 0.47 percent and ended at 19,691. Ending the four-day rally, the Sensex closed 92.66 points down, or 0.47 per cent, to 19,691.42 led by stocks of capital goods and realty, while a rise in auto and metal stocks capped the losses. 

Share Market Trend and Predictions :-

This phase will continue for a while. But in the next week to ten days, we should see a move towards 6,100-6,150. By this month-end, we should see new highs.

Brokers said the market remained under pressure as cautious investors indulged in profit-booking from recent star performers, while energy stocks rose on expectations of hike fuel prices.

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Share Market Trend : Reliance Result Today

Share market today gave a slow start following the week Asian cues. Banking Amendment Act cleared by cabinet will be passed by notification on 30th Oct. Source north bloc. This will clear the road map of new licenses as well 26% voting rights in pvt banks. Huge plus for Karnataka Bank, Dhanlakshmi Bank, Ratnakar City, Union Bank, IFCI, Reliance Capital & Shriram City.

Stock Market Recommendations :-

Ranbaxy lab :- Ranbaxy Labs has consolidated for a long period. Investors should accumulate this stock on SIP basis on dips for good long-term growth.

Havells India :- Share price of Havells India has been consistently rallying. At a market cap of over Rs.8,000 crore, its fundamentally overvalued. Best time to book profit and exit. 

Reliance index super heavy weight, Results today :- 

Looking at options buildup before results, it is seen that bears are having positions of heavy shorts at 840-00 calls of reliance which means bears will not let reliance cross 840 futures even after results while on lower side bulls are heavy short at 800 puts which means they will not let it fall below 800 with ease

Reliance has habit of falling after results 9 out of 10 times it falls, so any bounce near 835---40 futures for risky players with stop loss of 850 fut..can be shorted But remember on results only those should play who can take risk as little data's here and there can bring much change in results, so no grumbling if you bet on results.

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