Cupid Trade and Rose patel are expected to witness speculative buying

The speculative market has become dull since last three weeks. The retail investors and players have been severely hit due to shasrp erosion in the infotech prices.Most of the retail investors had entered the market at the very high prices during February and March of this syear and sharp erosion in thesuch investments have made them jittery.

In spite of the index believed to have been bottomed out, the retail investors are skeptical of the market trend and are expected to remain away from the market. During last week, the speculative forces have concentrated their strength at Reliance counter. The stock which normally moves in the trading range of Rs. 3-5 moved vehemently by Rs. 20 on the both sides with huge trading volumns of 3-5 crores shares.

The Mutual funds and FIIS have remained net investors during last week. During last three sessions, The FIIs hasve poured more than Rs. 200 crores . The speculative interest has aroused once again at low priced infotech stocks. Satyam is getting ready for ADR issue. After consolidating itself, the company isexpected to offload 2-3 % holding in its subsidiary company: Satyam Infoway. More over the higher bottomline is expected to support the speculative buying at this counter.

SSI announced growth in its net profit,and the successful completion of its ADR is expected to push up its sprice as has happended in ICICI and other ADR listed scrips. But the speculatiive thrust at the counter is not quite strong. On the other hand, I suggest Silverline which getting prepared to ADR issue. The company achieved higher turnover and the speculative thrust has improved at this counter.

Larsen and Toubro is being accumyulated in large quantities. The company has bagged huge order from IOc and its cement division has received higher valuation after the deal for Raymonds cement plant. The scrip at current p[rice of Rs. 233 is expected to spurt in the short term Short selling at this counter should be avoided.

The players have evinced interest in IDBI and IPCl. IDBI has registered lower profits for the year 99-00 but the analysts now believe that the FI has made enough provisions and now the balancesheet has been clean. The scrip at current level is believed to be bottomed out . Similarly IPCL has announced substantial higher turnover and now the scrip which has glained Rs. 8 in the two weeks is expected to touch Rs. 55 in short time. Sail is witnessing huge long purchsse position and sthe punters are strongly recommended the scrip ast the current price, yet according to my reports and analysis , the scrip is a bit risky and hence should be avoided.

Indian Rayon has announced huge loss of Rs. 241 crores which made many investors skeptical about eh share, yet the investment and speculative fancy for this stock has improved during the last week. The scrip is expected to have bottomout and can fetch good returns. Global Telesystem has declared higher share of e-commerce income. the company is out of product-business. the current price of Global Tele at Rs. 1200 is expected to gain Rs. 300 in the two weeks time. The downward risk at this counter is Rs. 100.

Century Textile and Kesoram are being accumulated by the Bombay based operators. the cement-plant valuations have impact on both these scrips. Accumulate with medium term goal. Bajaj Auto at Rs. 360 is expected to show impressive gains during next one month. The company is believed to be getting ready for buyback timetable. The buyback is expected at Rs. 460 and according to Bombay based fund manager, the scrip is to touch this buyback price till that date.

Tisco is also witnessing speculative thrust. the company`s CR mill has commenced commercial productiion and in the current quarter, the bottomline and top line will have positive impact. The steel prices all around the world have firmed up which has boosted the margins of the company. The scrip is expected to show smart gains in the short to medium term. Short selling should be avoided.

Zee Telefilm is also witnessing speculative buying.. The company has received sasnction for ADR issue and the scrip is now believed to have bottomed out. Speculative thrust is expected at this counter. Reliance Petro is epxected to remain sideways at Rs. 55. Since the players have concentrated on Reliance, the Petro is expected to remain stagnant for the time being. Pharma and FMCG scrips have weak speculative trend.In most of the cash section scrips the lspeculative force has turned weak. Rollatainers at Rs. 20 is being accumulated and in the next week, the scrip is expected to touch Rs. 25.

We had suggested to keep away from Parekh Platinuim and the scrip after delcining to Rs. 42 has show upward movements. Yet at the current price of Rs. 50, the speculative force is quite weak.Monalisa Info is witnessing speculative interest. The scrip at Rs. 22 is expected to gain rs. 5 in short time frame. Gems Eye touched Rs. 5 from Rs. 2.5 yet the players believe offloading game.Heritage Food is witnessing speculative thrust at Rs. 20 The scrip is expected to be pushed to Rs. 25 in very short time .

We had suggested to keep away from Alok Textile which had declined to Rs. 27. The scrip is now being pushed up but the speculative force is weak. keep distance or use the opportunity to book profit. Sonata Software has declined to Rs. 806 but the players expect the scrip to decline further by Rs. 50-60 in the short time. Yet from that level the scrip is expected to show 100% growth. Accurate Export has show speculative movements but the force is weak. Adam Comsof has declasred its results but the trend is weak better keep distance from the counter.

Anco communication has declined from Rs. 310 to Rs. 70 and the scrip is expected to lose further Rs. 10 in very short time . We had suggested to book profit at Gramophone company which has declined to rs. 955. The scrip remained at Rs. 43 at one time. The trend still is downward. Hitech Enterprise is being accumulated at rs. 65 and within next two weeks, the scrip is expected to gain Rs. 20 Speculative trend at Kajaria Ceramics is over. The scrip has declined to Rs. 40. Profit taking is recommended.

.VLS Finance gained form Rs. 37 to Rs. 40 and in the next week, the scrip is expected to touch Rs. 45. S.I.Bank gained during last week but the scrip is expected to remain range bound and speculative buying is not recommended. Last Week, Arvind Remedies gained to Rs. 99 but the speculative buying is insignificant. Profit taking is suggested.

Cupid trade at Rs. 18 is expected to touch Rs. 25 in short span.Rose Patel at Rs. 11 is expected to spurt to Rs. 16 in the few sessions. Pantaloon Retail is now fancied by the players. The company is expected to witness FII interest due to retail chain.