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Market Commentary
PM today launches NDA government's three flag ship schemes
Posted On : 2015-06-25 10:45:50( TIMEZONE : IST )
Mr. Rohit Gadia, Founder & CEO, CapitalVia Global Research Limited.
PM today launches NDA government's three flag ship schemes. PMAY, AMRUT & 100 SMART CITIES. India is on the direction of creating mega cities by launching the PMAY and AMRUT schemes. Mixed feelings are coming from all the sectors of the economy which is going to benefit the every section of Indian Population over the long term. This program will boost up banking and Real estate sector and other major sectors of the Indian economy .These schemes individually going to benefit the different section of Indian public and business world like schemes of 100 smart cities is going to boost the production of Infra sector as well as the steel and communication sector with the promise of providing world class facilities at there. As these schemes are going to be funded by PPP model. In the same way PMAY is going to benefit the lower section of the Indian Urban population.
Top five stocks which likely to benefit more from the Smart City
STRETCH : The stock is looking strong on charts as it is consolidating from the last few months below the resistance of 80 and is expected to move up with the crossing of the same. Immediate support is at 45, which can act as stop loss in it. IT is expected to move up with the crossing of the same. Immediate support is at 45, which can act as stop loss in it.
ABB: After the bullish trend, the stock is forming a continuation pattern; it is likely to continue the major trend with the crossing of the resistance of 1435. Support is at 1100.
KALPATPOWR: Recently the stock has given breakout of the range bound move after showing rally from the bottom, it is expected to trade in up rally with the crossing of the resistance of 270, and important support for the stock is at 195.
SMARTLINK: The stock is accumulating at the lower level and recently it has experienced a pull back. It has important resistance at 95 above which stock may continue the northward journey. Major support is at 30.
DREDGECORP: The stock is trading slanting after giving good upside move from the bottom. It is falling in channel pattern. It is expected to continue the positive move with the crossing of immediate resistance of 415. Major support is at 300.
