VIEWPOINT: MARKET APPROVES THE BUDGET
Our markets, after digesting budget, decided to move forward and staged a spectacular 2% rally yesterday to close at the highest level since 25th January. Broader market also participated in the rally. Auto stocks surged on the back of robust February sales figures. While Exports for the month of January rose by 11.5% in January, non-oil imports rose 28.8%, an indication of industrial pick-up. FIIs provisionally pumped in Rs. 1335 cr in cash segment while DIIs sold worth Rs. 977 cr. In the derivative segment FIIs pumped in a whopping 2817 cr, out of which 1222 cr was in index future where open interest went down, indicating short covering. Puts across the board added huge OI with 5000 strike adding the highest OI. Auto, Banking, Metal and IT indices are looking the strongest while FMCG, Oil & Gas, Realty and PSU indices are the weaker lot.
| OPEN POSITION CALLS | |||||||||
| Reco Date | STOCK | RECO PRICE | RECOMMENDATION | SL | TARGET | TIME FRAME | CMP | % Gain/ Loss on CMP | Comments |
| 05/01/2010 | ELECTRO STL | 51.70 | BUY 50% AT CMP AND 50% AROUND 47 | 42 | 67,75 | 2-3 MONTHS | 45.60 | -7.60 | Call Open |
| 16/01/2010 | BEML | 1185.00 | BUY 50% AT CMP AND 50% AROUND 1100 | 985 | 1525 | 2-3 MONTHS | 1040.3 | -8.95 | Call Open |
| 18/01/2010 | J B CHM | 66.50 | BUY 50% AT CMP AND 50% AROUND 61 | 55 | 83 | 2-3 MONTHS | 67.10 | 5.25 | Call Open |
| 29/01/2010 | GARW POLY | 53.55 | ACCUMULATE BETWEEN 53.55-51 | 46 | 67 | 1 Month | 50.3 | -6.07 | Call Open |
| 02/03/2010 | USHA MARTIN | 91.9 | ACCUMULATE BETWEEN 92-91 | 86.4 | 98 | 3-4 DAYS | 91.7 | -0.22 | Call Open |
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Anagram Research
Happy Trading,
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