Head, Research at Geojit BNP Paribas Financial Services Ltd, Kochi, Kerala. Financial analyst with over two decades of industry experience.Empanelled analyst for channels like NDTV, UTVi, CNBC Awaaz, Zee News, Manorama News,Doordarshan and various International news agencies like Reuters, Bloomberg, Dow Jones as well as other print media.
Wednesday, 30 November 2011
Stock Views.
Stocks like ICICI Bank(717), Tata Steel(383), L&T (1257), Relcap(278) are looking weak.
Further sell-off is expected in these stocks in the next few trading sessions.
Global scenario is looking weak.It is more likely that we may break the support of 4739 on Nifty.
Rather than sitting on the sidelines one can buy 4700/4600 puts.