- The sharp rally in the Dow and the NASDAQ on Friday should keep the hopes of the Nifty buoyant on Monday. The Nifty has already shown positive momentum bouncing sharply from lower levels on concerted short covering.
- The disbursal of the first tranche of PM-Kisan Yojana to farmers and the reduced GST on real estate transactions will be seen as a reiteration of the reforms process. This is likely to hold the markets in good stead on Monday.
- FIIs were net buyers to the tune of Rs.6311 crores while DFIs bought Rs.839 crore on Friday. The FPI flows included the large block deal that was sold in Kotak by ING Vysya Bank and if that was removed then FIIs were actually sellers.
- A sharp rally in the Dow and the NASDAQ could drive sentiments on Monday. The Shanghai Index is up nearly 3% after hopes of a near trade resolution coming from the US-China trade talks and that could be the positive trigger.
- We have been talking about a bottoming out in metals and minerals for some time now. We suggest aggressive traders to start accumulating Vedanta in the 160-165 range for targets of Rs.210 in one quarter.
- With the first leg of the PM-Kisan boost coming through, one can start looking at rural consumption stocks. Havells could be the stock to watch out for and one can look to buy around Rs.690 for targets of Rs.800 in one quarter.
- With real estate getting a big boost in the form of lower GST, one can look to buy DLF, which is anyways planning to go debt free from this fiscal end. Target Rs.210 on DLF in one quarter. Sobha Realty could be another stock to bet on.
- We feel that real estate could be the sector of the day with positive vibes coming from the GST announcement on Sunday. Position your trades accordingly.
