I hold shares of Tulip IT bought at Rs 725. Should I add more or exit now? I can hold for one to two years. Suresh IyerTulip IT Services (Rs 710.3): This stock is currently correcting the up-move that ...
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Reliance
RIL was one of the least affected from Friday’s carnage. But the star in the weekly chart with a long upper shadow does denote that the downward pressure could be beginning to build in this counter. The supports for next week ...
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SBI
SBI dithered in the early part of the week before falling 3 per cent on Friday. The sideways move has turned into a terminal corrective as indicated last week. A 5-wave impulse move has been completed from the March low. A move below Rs 1,400 ...
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Tata Steel
Tata Steel moved in line with our expectations to a low of Rs 646 on Friday. Momentum indicators in both the weekly and daily charts are implying the continuation of this down move. If this down-move is correcting the rally since March, ...
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Infosys
Infosys is developing a negative correlation with the Sensex. In a week in which all the pivotals ended in the red, Infosys recorded a 1 per cent gain! The irony is that the stock that has looked the weakest over the last one month turned in ...
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ACC
ACC took a severe jolt last week, losing about 10 per cent. The stock has moved below the medium-term support at Rs 1,032 and formed an evening star on the weekly charts, thus making this outlook negative. If this down move is the fourth wave ...
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ONGC
ONGC put in a strong performance last week but the Friday’s sell-off wiped out most of these gains. Low volume accompanying the fall is a negative signal. Daily and weekly momentum indicators are denoting weakness in the stock. The stock ...
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Prominent bulk deals on NSE & BSE
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RECOMMENDATION
Thermax: Buy
Investments with a one-two year perspective can be considered in the stock of Thermax, a leading energy and environment engineering solutions provider. A strong business outlook on the back of capex across user industries, a robust order book, ...
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Magnum Taxgain: Invest
Investors looking for tax-deductible options can consider allocating a portion of their planned investment in Magnum Taxgain. A strong track record, ability to deliver returns superior to average returns of diversified funds and good stock ...
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Reliance Growth Fund: Invest
Investments in Reliance Growth Fund can be considered based on its track record since inception. The fund has delivered a return of 34 per cent during the time-frame, making it an ideal option for investment in the midcap space. Apart from ...
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DSPML Equity Fund: Higher IT exposure
DSPML Equity Fund has a well-diversified portfolio, with 65 stocks from 21 sectors. The top 10 stocks account for 30 per cent of the assets and the preferred three sectors make up 38 per cent of the portfolio. Here’s a look at the ...
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McNally Bharat Engineering: Buy
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Puravankara Projects — IPO: Invest at cut-off
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Indraprastha Gas: Buy
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SEL Manufacturing — IPO: Avoid
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OUTLOOK
Volatile conditions may continue
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Index Outlook
It is generally believed that news moves markets. But E-wave analysts think otherwise. They believe that market makes its move first and the news ‘explaining’ the move is pulled out later from the stack of good and bad news that is ...
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