Q2 results to drive market
The reporting season for the quarter ended 30 September 2004 began on an optimistic note last week, and it is expected to gather steam in the next few days.
Frontline Tech companies have shown impressive results and this will help the market move up in near future.
Election results in Maharastra have added strength to Congress at center this will help congress move ahead with reforms sidelining the left.
There may be some amount of correction in the market but Bull's will rule atleast till Diwali.
4th Sep Bombay Dyeing call showed good results and the stock move pass 185 ( 13-14 % gain) but is again down at 180 levels. The stock is likely to hit 200 mark by Month end / Diwali. Book full profits above 195 level.
Pick for today Shanthi Gears.
Buy Shanthi Gears @ 24-25.5 --> 4/6 Weeks view.
Frontline Tech companies have shown impressive results and this will help the market move up in near future.
Election results in Maharastra have added strength to Congress at center this will help congress move ahead with reforms sidelining the left.
There may be some amount of correction in the market but Bull's will rule atleast till Diwali.
4th Sep Bombay Dyeing call showed good results and the stock move pass 185 ( 13-14 % gain) but is again down at 180 levels. The stock is likely to hit 200 mark by Month end / Diwali. Book full profits above 195 level.
Pick for today Shanthi Gears.
Buy Shanthi Gears @ 24-25.5 --> 4/6 Weeks view.