- The markets recovered sharply on Monday closing almost flat after being deep in the red through the day. The positive growth numbers from the EU region and lower oil prices also aided a recovery in the markets.
- Indian markets return after a trading holiday on 01st May and will make up for a $4/bbl fall in oil prices and also a rally in the US. The status quo with a dovish language by the Fed will also work in favor of the Indian markets.
- FIIs were net buyers to the tune of Rs.115 crore while DFIs bought Rs.730 crore on Monday. While the FII action has been slower in the last few days, one will have to keep an eye on the DFI buying going ahead.
- US markets did come under some pressure later in the day on Wednesday and the SGX Nifty also shows early trading pressure. Global markets should see some positive tendencies on the back of dovish Fed and positive Apple numbers.
- With a series of downgrades coming on Yes Bank, we suggest long players on Yes Bank be very careful. The stock could lose value from current levels and it is best to exit the stock or buy put options on the stock at each level.
- Despite Titan being very close to its high levels, we see the stock surprising positively to newer highs on positive demand traction and a greater flow from the coming festive season. We suggest buying with targets of Rs.1350.
- For those of you who are looking at a strict speculative trade, you can look at 63 Moons at the price level of Rs.125. With the merger with NSEL quashed by the court, the stock should see its biggest overhang removed. Strict stop loss at 110.
- This is another truncated week and markets may feel some pressure off going light over the weekend. Play a stock selective approach.
