Nifty Option Quote as on 15th September 2011

World Indices Streaming Quote Live

.

Top 10 Stock Picks for this Diwali (1 Year)

Samvat 2068 is likely to be better in terms of fundamentals as most of the negatives of the previous year get corrected this year and also it seems to be the end of week global cues. Significant changes may be seen in the latter part of Samvat 2068 only. We expect the next two-three months testing times for the market but gradually seeing improvement in fundamentals towards the other half of the SAMVAT 2068. The impact of the hardening policy is likely to bring down manufactured inflation hence giving reasons for the RBI to breathe easy and bring down rates. The Indian consumption boom is likely to be rejuvenated once interest rates come down.

This Diwali, we focus on only large cap companies and some Midcap companies  that has fallen significantly from their peak and whose fundamentals remain strong in the longer term. We expect these companies to beat the index return during Samvat 2068. My top picks are:

L&T

RCF (Rashtriya Chemical Fertilizer)

Educomp Limited

IDBI Bank

ITC Limited

Coromandal Chemicals 

Infosys Limited

State Bank of India

ONGC

Jain Irrigation

It is advisable to avoid Reality and Metal Sector Stocks at current levels. Buying of those stocks can be justified after the stability of metal Prices and stability in prices of Commercial Property in Metro Cities