Web Exclusive: Should you buy news-based stocks HCC, Suzlon?
HCC, Suzlon and Coal India are among the few news-based stocks that are buzzing in trade today. Is it a good time to buy them? Check out the strategies with Hemen Kapadia, CEO, Chart Pundit.
Smartinvestor : The markets have started the F&O expiry week on a positive note. How do you see the Nifty shaping up over the next few days? Do you think it can re-test the 4,800 mark post expiry?
Hemen Kapadia : The Nifty has been rangebound between 5020 & 5180 over the last 10 trading sessions and would need to breakout on either side for a 200 point move to materialise.
Hemen Kapadia : As of now, there is a mild upward bias. Too early to take a call on re-test of 4800 post expiry but sometime down the line it does seem possible.
Smartinvestor : A lot of mid-cap names such as Sintex, HCC and Suzlon have gained ground in today's session based on newsflow. How do they look on the technical parameters?
Click here for the full transcript
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Sensex
| Company | Price | Gain (%) |
|---|---|---|
| Sun Pharma.Inds. | 1,001.35 | 2.85 |
| Dr Reddy`s Labs | 2,068.10 | 2.41 |
| Coal India | 312.70 | 1.82 |
| Bharti Airtel | 309.90 | 1.62 |
| St Bk of India | 2,391.20 | 1.27 |

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