Money Tree

Yesterday was a big day for the bulls, they were able to take the Sensex beyond 13000 levels giving signals for a reversal in trend. Some profit booking might come today and we suggest covering of long positions created yesterday morning as they are in good profits. Some short covering might take the sensex further, in all the market is expected to remain highly volatile.

M&M buys stake in Punjab Tractors

The stocks to watch today are Punjab Tractors and Mahindra & Mahindra. Try to grab Punjab Tractors in the morning between 303 to 310 as it is expected to shoot up in the morning, it has a short term target of 345 to 350. M&M is also a good buy at this level, it has 5 to 10 percent upside in the short term.