Market outlook for week starting 29th Oct

Last week was a fantastic week for the Indian investors as sensex jumped up by nearly
10 % thereby recovering all loses of previous week.

Yesterday even Dow and Nasdaq ended 2.10 and 2.90 % higher respectively.

The rise in sensex was triggered by the following factors

a) Sebi’s meeting with FII’s giving them clear picture of PN notes unwinding and registration of pending sub accounts.
b) Expectations of a further cut in interest rate by the US Federal Reserve.
c) Strong results by sensex heavyweights like L&T, ONGC, SBI, ICICI Bank and Reliance Energy.

This week we expect the volatility to continue.
The markets momentum would be dependent on results of sensex stocks like BHEL, Bharti and HDFC.

Recommendations

Medium Term

Buy Tata Teleservices @ 40 with a target of 65.


Short Term

Buy Powergrid @135 with a target of 160.


We recommend a hold on our last weeks recommendation as both stocks have moved considerably on a positive side.

Happy Investing

Market Outlook for week starting 24th Oct

Indian Markets are going through a rough patch currently.

The markets have already crashed by whopping 1500 points in
the last week.

The US markets are still reeling under concerns of slowdown
in economy and that has shown up with nasdaq down 80 points and
Dow Jones crashing by 370 points.

Points of concerns for Investors in coming week.

a) CPM stating that it wants a complete ban on PN.
b) Tremendous selling pressures due to weakness in
US economy and a hazzy picture on PN.


Advice for Investors

a) Long Term investors can Buy into sound stocks during the crash

b) Short Term Investors be cautious for this weeks and let the markets stabilise.

Our Recomendations for this week

Company Entry Price Duration Target
India Bulls 500 Till Dec 750
Yes Bank 165 Till Dec 240

We will offer advice for short and long term Investors on a weekly basis.

Happy Investing.