Markets Snap The Losing Streak:Mariginally Up,May Remain Range Bound.

20 Dec

Posted by Shyam as Opinions

So finally the losing stream going on in share markets came to an end yesterday.The sensex closed the day marginally up with a gain of 12 points.Nifty was also up by 9 points.The markets had a nice initial surge but the momentum was not maintained and finally it had a flattish close.

The sensex had lost 1306 points or 6.4% in the last 4 trading sessions.The FIIs seems to have sold stocks of worth 2736 cr on Dec 19th.Meanwhile the US markets had a mixed closing with Nasdaq gaining 0.3% and Dow losing 0.3% points in yesterdays trading basically due the loss made by the MOrgan Stanley in its results.But the Asian markets had opened up in green today so we may see sort of buying activities happening in the Indian stocks markets also today.

Some of the stocks as said earlier looks attractive at these stages.The start attraction of the calls made here in very recent times id Gillete which gave returns of 40% in a weeks time.The other calls like Essar shipping called at 64 levels is now trading at 118 gave returns of 84% in 15 days time.The biggest of all are Pudumjee agro which gave 127% returns in 2 weeks and Ispat which also gave returns of 130% from its called time.Now lets have a look at few calls for coming days.

Medium Term:
IVR Prime cmp 446
Lupin cmp 600
Nalco cmp 414
Ispat cmp 227

Short term calls:
Rashtriya Chem cmp 93
VSNL cmp 714
Gillete cmp 1417
Alok Industries cmp 92
Subhas Projects cmp 487
Essar shipp cmp 118
Trans Infot cmp 140
Prime securities cmp 288
Suven life cmp 50.4
Shristi Infra cmp 663

Good Luck and Happy Trading.