Money Tree

The pull back was confirmed yesterday. The markets traded firm without much volatility and NIFTY broke all crucial resistances during the day. Some heavy buying was witnessed in the last half hour of the yesterday’s trade, which is expected to continue today. Today the global cues have been very positive. The US markets have rallied and the Asian markets are all opened in green in the morning. We expect a gap up opening today. The crucial resistance is placed at 3885 for NIFTY.

Stocks to watch today are:

Media Video Ltd

The stock was on the upper circuit yesterday. It came down to Rs. 44 during the two day correction. We expect another 5 percent circuit today and it may move to Rs. 60 in a short span of time.

Jagran Prakashan

The stock has been very strong during the last one month and it did not fall too much during the correction. It is showing signs of bullishness. Yesterday it was closed at Rs. 289, try to grab it around 290-295 and it is expected to move to 325 and then to 350.