Source – Squamble : Its recession most people are free as there is nothing to trade or else salary cut and so less on spending on luxury and comfort and worst case is that they have lost their jobs so nothing to do.
But one should not underestimate these recession times as they can last longer than the good times.
Trade Guru Goja is Calling to buy Satyam
MUMBAI: Key indices sprung back Friday after a dismal session the previous day, mirroring overseas markets and cheered by signs the US government would do Investment whatever is necessary to prevent its economy from sinking deeper into recession.
Rajesh Jain of Pranav Securities is of the view that one can buy Unitech only for a greater than three year horizon at this point.
International Markets : Bank Of America has come out with its quarter four results. The bank’s revenues were at USD 15.7 billion. Its loss was at USD 1.8 billion versus net profit of USD 268 million year ago. Its credit loss provision was at USD 8.6 billion versus USD 3.3 billion.
International Markets : Citi has declared its fourth quarter results. Its revenues were at USD 5.6 billion versus USD 6.4 billion. It has reported loss of USD 8.3 billion versus USD 9.8 billion.
Brokerages remain positive on Tata Consultancy Services (TCS), despite net profit for the third quarter falling below market expectations, citing
cheaper valuations compared to its larger industry peers and relatively higher visibility in earnings.
VK Sharma of Anagram Stock Broking is of the view that Infosys is a better bet.
Rajesh Jain, VP & Head R&D of SMC Global Securities is of the view that at the moment one can put a stoploss of Rs 30 in Unitech.
Rajesh Jain, VP & Head R&D of SMC Global Securities is of the view that one can hold TCS with stoploss of Rs 450.
Technical Analyst, E Mathew is of the view that one should be in sugar sector or fertilizer space as they are looking more convincing than IT.
Mathew told CNBC-TV18, “one should be in sugar sector or fertilizer space as they look more convincing than IT.”
Sunidhi Securities & Finance has recommended a buy rating on Gujarat State Fertilizers Company (GSFC) with a target of Rs 100 in its January 15, 2009 research report. “Considering the growing demands of water-soluble fertilizers for application in micro irrigation, GSFC is setting up 1500 tpa Urea Phosphate Fertilizer Project based on its in-house R&D design. With an increase in the irrigation facilities in Gujarat, there is likely to be an increase in demand of fertilizers in Gujarat. GSFC is well placed to exploit this opportunity.”
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