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Chart Focus – Sintex Industries: Buy

January 30, 2012 in Best Penny Stocks, Daily Stock Picks by pennystocks

Investors with medium-term perspective can consider buying the stock of Sintex Industries (Rs 83.3). After the stock peaked out in November 2010, it has been on a long-term downtrend. The stock resumed its downtrend after encountering significant resistance in the range between Rs 185 and Rs 190 in July 2011. It was on an intermediate-term downtrend until it found support at Rs 58 to Rs 62 zone in December 2011….. Read More  http://bit.ly/zw8nAu

Upward Movements On Coach Inc Stock Picks

January 17, 2012 in Daily Stock Picks, hot penny stocks by pennystocks

Coach Inc (NYSE:COH) was incorporated in 1941 and is engaged in designing and marketing of accessories gifts for women, men in United States and around the globe. Based in New York, the company’s products include handbags, women’s and men’s bags, accessories, business cases, footwear, wearables, jewelry, sunwear, travel bags, watches and fragrance products. The company is reported to have 345 retail stores and 143 factory leased stores in United States. Moreover the company has 169 coach department stores, retail stores and factory stores in Japan… Read More  http://bit.ly/zsQbaX

Nifty ranged with downward bias Infy TCS outperform

January 16, 2012 in Daily Stock Picks, hot penny stocks by pennystocks

The market remained rangebound on the downside; the Nifty was moving in a narrow range of 4830-4850 since the opening. Index heavyweights Reliance Industries, SBI, L&T and ONGC put pressure on the market while the buying in Infosys, TCS and Bharti has limited the downside. …. Read More  http://bit.ly/x2fG3I

Butchered market best time to build fortunes, say experts

December 21, 2011 in Best Penny Stocks, Daily Stock Picks by pennystocks

It was a day of new lows for the market, with the Nifty hitting a fresh 52 week low and then going ahead to its lowest closing since August 2009. It is now clear that the bears are reigning over the market as investors prefer to sit on cash instead of dipping their toes in the market….. Read More   http://bit.ly/uxG4Rw

Sensex sinks to 28-month low

December 20, 2011 in Best Penny Stocks, Daily Stock Picks by pennystocks

The stock markets continued their downward spiral at the opening session on Monday as global cues remained negative. Reports of the sudden demise of North Korean leader Kim Jong-il sparked sell-off across the region. However, recovery in the European stock market helped Indian benchmarks to shave off most of the losses but still ended at 28-month lows. For the fourth straight session, Indian indices closed in the red….. Read More   http://bit.ly/rxEMWV

Stock Market Update: Trades Of The Day

December 16, 2011 in Best Penny Stocks, Daily Stock Picks by pennystocks

The markets are surging higher again today, following more optimism in Europe over a drop in Italian yields and the slightly less ugly debt situation. In addition, light volume due to the Veterans Day holiday in the United States allows the upside to hold and gain. As the markets advance, key stocks are making moves. Below are the keys to the trade…. Read More   http://bit.ly/ticNV4

Worst not over, Sensex may slip to 13k-14k: First Global

December 12, 2011 in Daily Stock Picks, Hot Stocks Picks by pennystocks

Global markets rallied on the back of European Union (EU) Summit outcome. Nifty also reacted mildly positive to this news on Monday. Despite this relief rally, Devina Mehra of First Global doesn’t see the euro zone crisis getting solved ….. Read More   http://bit.ly/rt83Ki

Sensex falls 1% as Germany thwarts Europe rescue plans

November 25, 2011 in Daily Stock Picks, hot penny stocks by pennystocks

The Sensex gave up yesterday’s gains, falling 1% in the early trade following weak global cues. German Chancellor Angela Merkel’s comments that “Euro bonds are ‘not needed and not appropriate,” triggered a wave of negative sentiments. She also ruled out an expanded role for the European Central Bank in fighting the debt crisis….. Read More  http://bit.ly/sAEr3m

Mkt to see 10-15% downside in near-term: BofA Merrill Lynch

November 8, 2011 in Daily Stock Picks, Hot Stocks Picks by pennystocks

Gary Baker, head of European equity strategy at BofA Merrill Lynch Global Research feels 10-15% downside might be possible in the short-term, but the valuations still look supportive. However, although global growth is heading down in terms of estimates, he indicated that there might not be a major downside risk… Read More  http://bit.ly/tvHsMh

Euro, Stock Market Countertrend Rally

November 4, 2011 in Daily Stock Picks, hot penny stocks by pennystocks

That said, so far the up-leg has not followed through to the upside, which is curious technical behavior on the second hurdle of 1.3830. Inability of the Euro/USD to sustain and accelerate above 1.3830/55 will be a technical warning signal that the Euro/USD may not be as “strong” as it otherwise appears…. Read More  http://bit.ly/sa0ANt