Informed Intelligence

BUILDING BLOCKS

LIC HOUSING FINANCE | BSE Code: 500253 | CMP: Rs 250 | Volume: 563070

For the past few trading sessions, the volumes and the prices of this stock have not been moving in tandem. It has witnessed a spurt in volumes, but the price has remained in a range, which is an indication that something could be cooking in the counter. According to market sources, the parent company and some big fund houses have created long positions in the counter in view of the good valuations that the stock is currently offering. Active traders can create long positions in the stock according to their risk appetite for some short-term gains.

CONNECTING WELL

RELIANCE COMMUNICATIONS | BSE Code: 532712 | CMP: Rs 117 | Volume: 6174127

Readers may wonder as to why we are recommending this large-cap stock here. The reason is simple. According to market sources, the stock is likely to witness a strong northward move in the coming days. There has been a strong buzz that the company may come out with an announcement which may induce positive sentiments in the counter. A cartel of big ticket investors has been tracking the stock closely and at the same time has created buy positions on the stock. The easing of FDI in telecom is also a likely trigger for the stock. One may look at this stock for some short-term gains.

THE RIGHT MEDICINE

ABBOTT INDIA | BSE Code: 500488 | CMP: Rs 1410 | Volume: 653

If we go by the movement of the counter, it has seen volumes that are clearly on the upper side and the price movement of the stock is also on a northward journey. According to market sources, the stock is likely to witness more buying in the short term as a couple of large broking houses with a presence in both the retail and institution sides are pitching high on the stock and marketing it all out. Some big HNIs have already taken good positions in the stock and are in no mood of selling it in intraday trading. One can look at the stock from a short-term trading perspective.

STRONG YARN

ARVIND | BSE Code: 500101 | CMP: Rs 79 | Volume: 294463

Punters on the street have started talking about textile counters again. The volumes in the counter are on the higher side for the last few trading sessions, while the price has been moving in a range. It is being heard that the company has huge plans to expand its distribution network, which is likely to add to its profitability in the near term. Some have already taken positions, and there is still accumulation going on in the stock. One can look to this counter for short-term trading gains.