The BSE Sensex jumped nearly 200 points, while the broader Nifty edged
past the key 8,500 levels on Wednesday. Domestic equities tracked global
markets that reacted positively to the Iran nuclear deal.
Market Outlook
Prakash Diwan of Altamount Capital Management says markets have not digested the slew of positive global outcomes (Greece and Iran deals). Markets have enough legs for momentum and real buying is happening in broader markets, he added. Mr Diwan expects the Nifty to edge higher to 8,750-8,780 over the short term.
Market analyst Rajat Bose says Nifty is likely to trade in a broad range of 8,200-8,550; as long as 8,450 is held, there is no reason for concern.
Stock Talk
Tata Motors: The stock has faced heavy selling amid concerns about Jaguar Land Rover sales in China. Mr Diwan says he will buy Tata Motors at current levels. However, Mr Bose expects Tata Motors to fall to Rs 370- Rs 360. He said investors should not buy the stock.
Zee Entertainment: The media company will surprise the Street with its Q1 earnings, Mr Diwan said. A re-test of Rs 375-Rs 380 is on the cards and investors should buy the stock with a target of Rs 386, said Mr Bose.
Aban Offshore: The stock jumped 16 per cent yesterday and is up another 5 per cent today. Mr Bose says there's more upside left in the stock. Mr Diwan said investors, who have Aban Offshore in their portfolio, should continue with the investment.
BHEL: Mr Bose says the stock is looking strong on the charts and expects BHEL to hit Rs 285.
Coal India: Mr Bose expects the stock to hit Rs 448. Investors should buy with a stop loss at Rs 435, he said.
Maruti Suzuki: Mr Diwan says the stock has made a decisive move from Rs 3,600 to Rs 4,100. Maruti is facing no competition even in the premium segment, he added. Mr Diwan expects Maruti's latest offering - SX Cross - to be a success.
Sun TV: Mr Diwan says investors should stay away from the stock. Zee Entertainment is a better option, he added.
Alstom T&D: Mr Diwan says it is a good stock to accumulate as it is insulated from day-to-day market volatility due to low liquidity. Government's plan to revive the power sector augurs well for the stock.
Market Outlook
Prakash Diwan of Altamount Capital Management says markets have not digested the slew of positive global outcomes (Greece and Iran deals). Markets have enough legs for momentum and real buying is happening in broader markets, he added. Mr Diwan expects the Nifty to edge higher to 8,750-8,780 over the short term.
Market analyst Rajat Bose says Nifty is likely to trade in a broad range of 8,200-8,550; as long as 8,450 is held, there is no reason for concern.
Stock Talk
Tata Motors: The stock has faced heavy selling amid concerns about Jaguar Land Rover sales in China. Mr Diwan says he will buy Tata Motors at current levels. However, Mr Bose expects Tata Motors to fall to Rs 370- Rs 360. He said investors should not buy the stock.
Zee Entertainment: The media company will surprise the Street with its Q1 earnings, Mr Diwan said. A re-test of Rs 375-Rs 380 is on the cards and investors should buy the stock with a target of Rs 386, said Mr Bose.
Aban Offshore: The stock jumped 16 per cent yesterday and is up another 5 per cent today. Mr Bose says there's more upside left in the stock. Mr Diwan said investors, who have Aban Offshore in their portfolio, should continue with the investment.
BHEL: Mr Bose says the stock is looking strong on the charts and expects BHEL to hit Rs 285.
Coal India: Mr Bose expects the stock to hit Rs 448. Investors should buy with a stop loss at Rs 435, he said.
Maruti Suzuki: Mr Diwan says the stock has made a decisive move from Rs 3,600 to Rs 4,100. Maruti is facing no competition even in the premium segment, he added. Mr Diwan expects Maruti's latest offering - SX Cross - to be a success.
Sun TV: Mr Diwan says investors should stay away from the stock. Zee Entertainment is a better option, he added.
Alstom T&D: Mr Diwan says it is a good stock to accumulate as it is insulated from day-to-day market volatility due to low liquidity. Government's plan to revive the power sector augurs well for the stock.
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