Cash in on the Oil Exploration Companies:
Good morning to u all.........today the markets are expected to open in the green, due to Federal Reserve's Beige Book of regional economic conditions said inflation was in check. But still all eyes are on the Fed meeting on 8 th August.
Today there will be volatily in the overall market due to F & O Settlement today but the markets will close in the green--so a good day ahead for the bulls. Yesterday after ONGC posted very good numbers, the markets are expecting similar trends from the other players in the Drilling and Oil Exploration Field. Two names which comes to my mind at this stage is Alphageo and Selan Exploration and Technology Ltd. I have already recommended the latter yesterday, at Rs.50.20. Today I am also recommending the same . Energy stocks will gain due as a spike in oil prices A barrel of light crude settled at $73.94, up 19 cents, on the New York Mercantile Exchange. Oil had advanced as much as 90 cents a barrel earlier in the session. Another thing the metal stocks will soon stage a come back, as China wil need huge supply of them as their economy moves ahead with a great pace. Keep Holding Hindustan Zinc and Monnet Ispat for some more time. Tough many pundits are saying that due to 16% increase in Chinese Production, there will be glut in the Steel sector, but I am very much bullish on this sector as demand for the metal is still very strong in US and Europe.Domestic demand for Steel is also very high and only last month many companies increased the price of the products. Some more price hike is in the offing...... Yesterday partial profit booking was advised on Cummins India. Today I advise a buy if it crosses Rs.173 convincingly with good volume.Since the Coal prices have started to move northwards keep watching Coal Companies like Guajrat NRE Coke and also Chandra Prabhu International Ltd(
www.cpil.com). Yesterday Chandra Prabhu International Ltd rose 6% intra-day before settling at Rs.6.85, with a modest 3 % gain. The company is expected to declare the results soon, and the results will be in line with expectations, as the last quarter was offseason for the company. But it will be better than the same quarter previous year.Everest Industries also did well yesterday rising by almost 2 % to Rs.97. One can still buy this company for some handsome gains.Today Asian markets aer mixed with Nikkei and Strait Times showing handsome gains. THE OIL PRICES WILL RISE FURTHER IF THE FIGHTING IN THE MIDDLE-EAST CONTINUES SO CASH IN ON THE DRILLING AND EXPLORATION COMPANIES.More in the following mails....Best wishes,
Suman Mukherjee.
India.
http://finance.groups.yahoo.com/group/SumanSpeaks
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