OUTLOOK
Today global markets are in mixed territory and we may see a dull opening in our markets today.
The rally has been supported mainly by the positive global cues ans sustained buying by the FII's. After several bad days globally, FII flow to India has been positive whihc is a good sign for India.
We are still not out of the woods as there has been no confirmation yet and there still remains some kind of a risk that something could go wrong in the European economies and that could be complete disaster for all risk assets including our market.
Today on global front in US. President Obama Speaks on Job Creation & Fed Chairman Bernanke Speaks on Economy which the whole investor committe is keeping an eye on.
We continue with cautious view on markets.
Yesterday we relaesed a VALUE PICK - GUJARAT GAS. The company has good financial perfromance, is a consistent dividend player, low on debt and with potential growth seen in the sector and company it looks good for longer term perspective. We have a target price of 575.
No comments:
Post a Comment