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Mid-day assesment:Mid and Small Cap rally to
spillover in the next month:
The markets have opened firm today with almost all the Sensex stocks giving the necessary push. SBI is pushing on well after the passing of the act in the Parliament.
The mid-cap and Small caps stocks are now moving up with a roaring price. But we are just on the tips of a Iceberg as far as Mid and Small rallies are concerned. There is lot of steam left in this space.
Today also Hazoor Media and Power is on the buyer Freeze. But I would ask all to book some profits in the counter. Unless the stock Closes above Rs.12 for at least 2 days no definitive trend will emerge.
FCS Software Ltd was also locked in the upper circuit in the morning due to heavy buying by some South Based operators. The stock has already moved up more than 40% from its low of Rs.66 in the month of June, 20006. I think it will be better if investors partially exit the counter taking the help of this rally.
There is no doubt that market will end in the green today. The bull run and small caps will continue is expected to spillover in the next month.
Afternoon Recomentation:
1. Buy Essar Shipping Ltd at the current price of Rs.25. There are lot of developments in the company taking place as mentioned before.
2. Be Cautious of California Software Company Ltd. Do not enter now, let the stock break out at Rs.77. Till then do not take fresh positions
3. Buy Monnet Ispat for delivery at Rs.170. This stock was recommended at Rs.150.
4. Buy Samkrg Piston and Rings Ltd at Rs.82 for delivery. This is one of the cheapest stock in auto ancilliary space.
5. Book Some profits in Hindustan Zinc Ltd. This stock was recommended at Rs.510.
6. Buy Soma Textiles Ltd at the current price of Rs.31. This was first recommended at Rs.24
7. Book Some partial profits in GDL. This stock was recommended at Rs.170.
8. Buy Garnet Construction Ltd at the current price of Rs.41.
More in the following postings...
Best wishes,
Suman Mukherjee
India.

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