Thursday, August 26, 2010

Market Update

The trend remains UP. There is a high probability that Nifty sees new highs once we break above 5550.

Auto, Banking, IT, Consumer Durables remain bullish
Telecom and Real Estate have just turned bullish
Metals has the potential of turning bullish in the near term.
ADAG continues to underperform.

Friday, August 20, 2010

Changes in Nifty

Following are the changes being made in the Nifty

Stocks going out: ABB, Idea, Unitech
Stocks coming in: Bajaj Auto, Dr Reddy, Sesa Goa

This could be bullish for the stocks coming in as a lot of ETF and Index Funds would have to buy them...Keep a watch on these counters