The market is heading towards October lows in the near-term as global economic conditions fail to improve, says Vibhav Kapoor of IL&FS on CNBC TV18. He expects commodity, technology and oil and gas stocks to drag indices lower. He finds that bank stocks are showing first signs of weakness.
House View: Over last few days we have been indicating that market has no steam left and is headed to 8000 levels. It is also because of the forthcoming electons that money may move out of the markets for campaigning funds.
However Reliance and SBI remain strong supports to the markets. Reliance can be boght around 925-950 levels in next few days and SBI around 890-910 levels.
Disclosures: No personal holdings
Part of the Dream Weave Walk Network 1998-2010
Labels
- 000 to 15 (1)
- 14700 (1)
- 300 levels (1)
- 300 we predicted it (1)
- 350: we see more losses (1)
- 500 now (1)
- airlines (1)
- Asian Meltdown (1)
- Bharti Airtel (1)
- budget (1)
- Cairn (1)
- Contra Call: Market will not fall below 4350 (1)
- DLF (2)
- dow jones (1)
- hotels (1)
- ICICI Bank (4)
- international Market review (5)
- Is it 13 (1)
- Market (18)
- Market at 16 (1)
- Market set to fall from 17 (1)
- Market will move to lower levels (1)
- Maruti Suzuki (1)
- Nifty (5)
- RCom (1)
- Reliance (4)
- RPL (2)
- Rupee $ (1)
- SBI (1)
- sensex (6)
- Tata Motors (1)
- Tata Steel (3)
- The Market at 15 (1)
- We predicted it (1)
- We see more losses (1)
Followers
Indian Property Blog
0 comments:
Post a Comment