Money Tree

Both Nasdaq and Dow Jones have closed in the green and Governor of Bank of Japan has recommended a 25 bps hike in interest rates. No signifiacant global cues to react. Our markets had a sharp knock yesterday and NIFTY closed near 4100, its strong support level. Today the markets are expected to remain range bound in the wake of Expiry of futures contracts on thursday and budget. NIFTY should trade in the range of 4075 to 4140 for the day.

Stocks to watch

Suzlon Energy
The stock has fallen below 1000 levels yesterday and has come down to a very attractive price. A buy below Rs. 1000 should be good in the long term for targets of 1400 in 6 months. For intraday trading also one may go long at below 1000 levels for targets of 1020 to 1030 during the day.

Blue Bird

The stock is showing signs of bullishness, it seems to be a good buy at around Rs. 80. The stock should take out its issue price of Rs. 100 in a month’s time. Also good for intraday trading.