Indian Markets to remain ranged bound on lack of triggers - Microsec

Indian Markets is likely to remain range bound due to lack of major triggers. However, corporate earnings scheduled to begin next week may induce stock specific volatility.

IIP data scheduled to be released on 11th Jan. may have minimal impact as rate cut expectations in the RBI policy on Jan. 29th is already built in Besides stock specific movements, we expect Oil & Gas companies to remain strong on hopes of further reform in the sector. HPCL, BPCL, IOC, RIL, ONGC may continue to hog the limelight during the week.

For investments BUY on dips ICICI Bank, NMDC, LICHF, Hindalco, Sterlite. BUY IL&FS Transportation, Pidilite, Cera Ceramics, Eros International, Apollo Tyres, JK Cement, Aditya Birla Nuvo, Blue Star, Sesa Goa, Sundaram Clayton and NBCC.

Source : Equity Bulls

Keywords