Last week was a week of high volatility.The sensex gained around 730 points during the same. There was frenzy buying and selling of frontline stocks throughout the day. Capital goods and banking stocks showed buying intrests.
These week we expect the market to consolidate amidst high volatility. Results of all frontline stocks are already out and there are not any major triggers left.
There is a concern in the telecom sector due to tough spectrum allocation norms which may eat into profit margin of leading GSM players.We may expect furthur dips in gsm players stock and this could be a good buying oppurtunity.
Medium Term Recomendation
Subscribe to Mundra port IPO.
Short Term Recommendation
Buy petronet lng @89 target 110
Wish all our readers a happy Diwali.
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