Hexaware call Hits all our Targets with ease !!! ..Gains more than 13% in almost a week.

The stock was at Rs.150.00 on March 15 when we wrote ....'Hexaware's management has confidently projected the bottom-line to double in the next 24-30 months making it a strong candidate to lock-in gains along with the fact that it is available at an attractive PE.'.....On March 22, we wrote...... 'Hexaware (Rs.159.05) gains 5.19% today, can gain further....It looks good for Rs.165-170 levels soon.'.....A day later, on March 23, it crossed Rs.165 and also touched Rs.169.75 intraday.

Dow Jones Index at 12,447 surpasses our 2nd Target as well !!!!

Our post on March 15 (Dow Jones..12,160)......we boldly wrote 'Dow Jones Indl could touch 12300 - 12400 levels soon'.......during the time when fears on China stocks melt-down , Yen-carry trade, US Housing mortgage debacle and Indian inflation worries had dented the sentiments of global investors and fund managers. Dow Jones Indl crossed our 2nd target of 12,400 yesterday - March 21 by a fair margin and closed at 12,447.

YESTERDAY we said further 300-500 points upside seen, TODAY Sensex up 362 points !!!

YESTERDAY we confidently said ........'Experts on leading television channels have expressed 'surprise' at the upmove and have admitted being caught on the wrong foot. Another 300-500 points upside cannot be ruled out from prevailing levels'.......TODAY.....Sensex climbed up by a whopping 362 points !!!

Blue Chip calls of March 9 beat small / mid caps while Sensex moves up from 12,885 to 13,308

Wrote on March 9 .... 'Bargain hunt in blue chips '....... 'ICICI Bank, Reliance Industries, Infosys..... Maharashtra Seamless, Crompton Greaves ......good bets with very limited downside'... Check out March 9 and March 22 prices : Reliance (Mar9)..1318,..(Mar22)..1375,..ICICI..(Mar9)..859..(Mar22)..900,..Crompton Greaves..(Mar9)..188..(Mar22)..192, Maharashtra Seamless..(Mar9)..462..(Mar22)..505........The Sensex has gained over 400 points between March 9 and March 22 and the BLUE CHIPS /large caps have provided good/safe returns by beating small and mid-caps amongst the strongest bout of all-round weak sentiment & skepticism...with our bargain-hunt-strategy.

Reliance up 2.63% today

Yesterday we wrote 'Reliance Industries (Rs.1340) could hit Rs.1400-1450' ......today it hit Rs.1380 intraday and closed at Rs.1375 with a 2.63% gain.

Federal Bank up 3.28% today

Yesterday we wrote .....'Federal Bank (Rs.217) can give reasonable upside ....in the short term Rs.230-240 target does not look far-fetched and is achievable'.....today it touched Rs.227 intraday and ended at Rs.224.25.

Hexaware gains 5.19% today, can gain further

Wrote on March 15.......'Hexaware's management has confidently projected the bottom-line to double in the next 24-30 months making it a strong candidate to lock-in gains along with the fact that it is available at an attractive PE.'.....The stock was at Rs.150.00 on March 15, today's close was Rs.159.05. It looks good for Rs.165-170 levels soon.

Federal Bank (Rs.217) can give reasonable upside

Federal Bank (Rs.217) has a similar story to South Indian Bank - FII accumulations in the past and good fundamentals. In the short term Rs.230-240 target does not look far-fetched and is achievable.

South Indian Bank (Rs.92) looks good

South Indian Bank (Rs.92) has shown strength in a weak market. FIIs have been accumulating the stock over the last few months. It is backed by strong fundamentals with a target of Rs.100 in the short term and possibly Rs.105 as well.

Infosys (Rs.2094) could soon test Rs.2200-2250

Infosys (Rs.2094) has the potential to touch Rs.2200-2250 and now looks a better bet than TCS. A dip below current levels will be a safe buy. TCS (Rs.1,267), however, may remain range-bound between 1,280 - 1,300 levels and is unlikely to see much of an upside in the short term.

Reliance Industries (Rs.1340) could hit Rs.1400-1450

Reliance looks good to scale Rs.1400-1450 levels soon if the current momentum continues. An announcement from the company could be a possibly a positive trigger to look out for.

Blue Chips stand tall - Banking services / Energy sectors lead the way

Wrote on March 9 .... 'Bargain hunt in blue chips '....... 'ICICI Bank, Reliance Industries, Infosys..... Maharashtra Seamless, Crompton Greaves ......good bets with very limited downside'. All these stocks have stood rock solid even in the face of market carnage. Today ICICI up 5.60%, Reliance Ind up 1.06%,Infosys up 1.85%, Maharashtra Seamless up 1.06%, Crompton Greaves up 4.50%. Per March 15 note in this blog.......'the sectors to look out for will be energy / alternate energy, services / hospitality and IT in particular'...... today's best performers were energy stocks like Reliance Energy up 3.10%, CESC up 3.40% apart from good all round gains in banking services stocks like ICICI Bank up 5.60%, PNB up 3.56%, SBI up 3.21% etc.

BSE Sensex 400 points bounce back Target Achieved!!!!

On March 15 wrote ......'Markets are poised to spring a surprise with a sharp bounce back of 300-400 points in the next few days'......when the BSE Sensex was ruling at 12,543. Today the Sensex had ended at 12,947..... up 400+ points from March 15 levels - the day when all the experts were unanimous in trying to talk it down to 11,500 levels. Experts on leading television channels have expressed 'surprise' at the upmove and have admitted being caught on the wrong foot. Another 300-500 points upside cannot be ruled out from prevailing levels.

TCS, NIIT Tech do well, Tata Elxsi, Hexaware steady

Refer March 15 article.... 'TCS seems a better bet than Infosys bacause of lesser exposure to business risk associated with the US markets and will outperform the latter in the medium term. Tata Elxsi & NIIT Tech have stood very strong in the recent swings'......These 2 scrips have infact given excellent rewards between 5-10% in a matter of only a couple of trading sessions. Indeed, TCS has also proved a better bet than Infosys which is still around the same levels.

Dow Jones at 12,290 ... & almost there !!!

Refer March 15 article 'Dow Jones Indl could touch 12,300 - 12,400 levels soon....' - written at the time when the market sentiments were very weak and the index was around 11,900 levels. Today, the Dow Jones Indl was just 10 points shy of 12,300 on intraday basis.

Indian Market Bounces back!!!

Refer to the article on March 15 when almost everyone had given up on the market..."Indian Markets to bounce back.... 'Markets are poised to spring a surprise with a sharp bounce back of 300-400 points in the next few days.....sectors to look out for will be .... and IT in particular.' The markets have staged a strong recovery on the back of frontline stocks and midcap IT as well. The momentum is likely to continue with a sideways bias since the volumes remain low. After a brief rest, markets could see another spurt the end of the week.

Dow Jones Indl could touch 12300 - 12400 levels soon

With the market having digested all recent bad news coupled with the Asian markets now looking positive the Dow has the potential to hit these levels within next couple of weeks, however, volatilty will continue to be the order of the day(s).

IT Sector : TCS, Tata Elxsi, NIIT Tech, Hexaware look attractive

TCS seems a better bet than Infosys bacause of lesser exposure to business risk associated with the US markets and will outperform the latter in the medium term. Tata Elxsi & NIIT Tech have stood very strong in the recent swings. Good fundamentals, strong pedigree and excellent future prospects will deliver good returns. Hexaware's management has confidently projected the bottom-line to double in the next 24-30 months making it a strong candidate to lock-in gains along with the fact that it is available at an attractive PE.

Hindustan Lever & ITC are main culprits

Hindustan Lever & ITC have been the main culprits from pre-budget 2007 days until now in significantly denting the sensex and affecting the overall sentiments. Reliance, Infosys & NTPC have provided some support to the BSE Sensex or else the situation could have been far more dismal.

Indian Markets to bounce back

Markets are poised to spring a surprise with a sharp bounce back of 300-400 points in the next few days. Nearly every 'expert' has tried and succeeded in talking down the market. In the near term it has had the desired effect, however, all things good or bad lasts only that long. Investors with a medium term outlook will do very well. The sectors to look out for will be energy / alternate energy, services / hospitality and IT in particular.

Stick to fundamentally strong scrips to gain in the volatile market

ICICI Bank, Reliance Industries, Infosys gained during the day but remained flat at close. Maharashtra Seamless & Crompton Greaves notched up decent gains to end positive. Tata Elxsi is another stock that will do well in this market - with a potential to climb to around Rs.300 levels. The mantra for now is to stick to fundamentally strong scrips that will protect ones investments from relative sharp declines.

Bargain hunt in blue chips

The market has thrown up good opportunities in blue chips. For short term gains one can look at stocks like ICICI Bank, Reliance Industries, Infosys for decent gains in the next couple of weeks. Maharashtra Seamless, Crompton Greaves are the other good bets with very limited downside.