Stocks to look for

BSE
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Bihar Tubes


LSE
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EMG - Profits up 60%

BSE Market Update

Ratio's in market are slowing turning towards red side. Loads of factors: negative sentiments, profit booking, high inflation, rising oil prices; all are having effects on the share prices.

However few sectors are emerging as winners in this. First because of weak rupee, IT sector is doing good. The other is Pharma which is usually a safe bet in uncertain times.

Sleeping Giant

After underperforming for a long term, Japan might be waking up. Nikkie has rallied 15% in last 2 months. More fund managers are now putting money in Japanese stock market. Could this be the next destination for investors after BRIC???

Bear or Bull?

Worries about about high inflation is taking its toll on the market. Last few weeks inflation has been on the rise. Also the goverment is proposing to hike petrol prices by Rs 10 which is almost 20% hike. Now this will push up prices of almost everything in India as road transport is one of the most widely used mode of transport. This will squeeze the spending power of the consumers.
Looking at last few weeks data, market has a support at around 16500 and resistance at 17100 to 17300. As it is hitting the support level, there are high chances that market will rally a bit start of next week. Swing traders can make a killing here.

BSE Market update

Market still is in green zone. There has been some pull back recently after some strong rally but most of the stocks seems to be holding gains and moving up in steps.

Some stocks to look for....

Assam company
All technology shares; Wipro, Infy, TCS and some small not nery popular companies like omnitech
Transworld International
Gujrat NRE Coke
Bombay Dyeing
McLEod Russel

LSE Market update

I am not posting any updates for LSE as I think free data from yahoo for Amibroker is not very reliable. In recent weeks some stocks have shown unusal spikes. There seems to be no explantation other than bad data. I am looking for some pther source of reliable data but it is not free.

Blog updates

Due to various personal commitments, I am not getting time to update the blog. I will resume the udpates very soon.

LSE Market Update

No candidates for any scans due to market condition. MM is still in green but I doubt the free data from yahoo for 30 days ratio. I am looking for a reliable souce of data.

BSE Market update

Market is hitting a resistance level at this stage but MM is still in green zone.

EP Candidates:

505190 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=505190
517146 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=517146
522183 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=522183
530951 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=530951
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532478 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=532478
532797 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=532797

BSE Morning update

I am off today hence I am making this post early today.

Morning update:

BSE is racing ahead. If you look at MM for last few weeks, we have been in green zone and this is confirmed by the 15% rally in BSE. MM has been really usefull and it has helped me to stay in market even though many high flying analyst from Bombay have been very bearish about this rally. What is good about the recent rally is that is slow and steady unlike last year. Most of the stocks are holding gains. Also global cues that worst about credit crisis might be over is helping.

Last few weeks Banking, reality and tachnology stocks have made some healthy gain. For someone wiliing to invest in technolog stock, you can invest on some pullback. Most of these companies had good earnings. Banking stocks like ICICI, HDFC, BOI and SBI are doing good. So keep an eye for some pull back.

LSE Market Update

Even though MM is in green zone, market seems to be stalling i.e. it is opening higher but then really struggling to race ahead and closes just very near to previous days closes. Last night there were 0 points gains. Now this is very rare also bit worring at the same time. Stalling is usually followed by a bear rally. Lots of neagtive news about housing market and higher fuel and food prices are also impacting the sentiments to some extent.

Due to above market conditions there are no candidates for either DT or EP scans.