The May Nifty option chain and the three-month Nifty chains offer several signals worth noting.
The lowest FMCG index valuation has been around PE 27, while the highest have been above 42PE.
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Wonderla is promoted by Kochouseph Chittilappilly, promoter of V-Guard Industries.
In the capital goods space, Punj Lloyd and KEC International could be in limelight for the expected turnround
Except for liquidity, which could act in favour or against the market in the short term, most market participants are bullish.
Stop-losses are mandatory to prevent losses going out of control
Capital goods stocks rallied nearly 16 per cent since January on purchases by foreign institutional investors and in anticipation of a change of government at the Centre.
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The GDP numbers destroy any hopes of an economic rally prior to the elections, and the installation of a new government.
Why do people need to trot out a moral justification for doing certain appalling things and not for others, asks Devangshu Datta
The auto sector has been among the worse-hit in terms of sales in the past two years.
While sale of stake in airport business and adjacent land will help lower debt, improvement in power business is crucial.
The Bank Nifty is likely to be a bellwether.
No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
If a stock predictably moves to the top of a defined range, hits resistance and drops back down to the bottom of the range where it hits support, it can be traded.
The 22-year-old Carlsen leads 5-3 and needs to score another 1.5 points in the next four games to wrest the title away.
Instead of starting an aggressive attack, Anand played very positionally, seeking a small advantage
Over the short to medium term, valuations are more likely to move down than up.
Although the current long-term bullish trend is intact, markets are awaiting clarity on the taper and the Assembly election results.
Trading through this coming week could be influenced by reactions to events in Europe and the US.
Net capital gains from the sector over a full cycle may be more than the gains logged by cyclical sectors.
