Hello Readers,
After a choppy NIFTY last week, it seems as if markets will remain range bound (5800-6200).
I don't expect much volatility in NIFTY till jan first week as even FII's will be buzy celebrating this Christmas season. Expect moderate capital inflow by FII's.


Stock to look out for on Monday :

HeroHonda

• Expect action in this counter on monday as the price at which the Hero will buy 26% stake from Honda is still not disclosed and so as valuations are a concern
• Even the royalty paid for using goodwill of Honda is expected to be reduced from Jan-11

Ispat

• Company is making severe losses past two quarters and is under Rs. 6300Cr debt
• Lenders are going for stake sale which is pleged by the promoters of the company
• Companies interested in buying stake are major stell companies like JSW Steel, TATA Steel, ArcelorMittal, Jindal Steel
• I personally feel that SAIL will take over the company in near future

Derivatives :
Sell Nifty 6300 call of December expiry


Regards,
Ankit Rambhia