markets were down and out 200 odd points then suddenly gained a positive momentum after montek singh's annoucement of healthy capital inflows in the country this year. As i had suggested in my yesterday's post , banks and oil stocks did well , so did the capital goods and power sectors...power wasnt bad either.
yesterday's recommendations -
lakshmi energy -up 6 %
Sun pharma up - 3%
mercator lines up - 4%
icici bank up -2%
dishman pharma - went up 3.5 %..then profit booking led to 3 % down closing
sulzer was up 5 % during the day but ended 1.5 % up
and other calls had similar results...
tata motors has given a clean break out frm the 630 level with most FII'S giving it a "over weight" rating. I give it a "buy" with a target of 725
keep an eye on GVK , powergrid and PSU banking space.
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