The fact that the Indian bourses are among the most
resilient was proved yet again as the key indices bounced back on Tuesday, the last day of
the settlement at the NSE in the aftermath of a nervous Monday which was the first trading
day following the devastating earthquake.
There is fair hope among investors and
institutional investors that the forthcoming Union Budget will be a fairly market-friendly
one. Once again, IT stocks have returned to the forefront, and that was, in many ways
inevitable given the fact that no other sector records even comparable growth rates.
Amidst this mood of quiet optimism, there are
trading gains for the taking and bull operators could consider taking up positions at the
counters of Mphasis BFL at Rs.412 (square up at Rs.459) and Satyam Computers at Rs.404
(square up at Rs.447).
Bear operators could consider taking up short
positions at the counters of BSES at Rs.229 (cover up at Rs.206) and TV18 at Rs.249 (cover
up at Rs.218).
Yet again, the portfolio pick of the week for
discerning investors is VISUALSOFT whose quarterly results were exceptionally good.
(Ashok Kumar heads Lotus Strategic Consultants,
Mumbai. While due care has been taken to prepare this report, readers are advised to take
specific investment advice before taking any investment decisions.)