Talks about Greece bail out resulted in strong rally in Global markets. US markets also rallied on the back of fall in jobless claim and this increased the confidence of market participants in US economic recovery.
Back home we may also see a strong follow up.
Today we are discussing about two stocks which are a good short term as well as an invest buy for one year horizon.
We believe that Insurance Sector along with Health Care is Sun Rise industries. Insurance will also penetrate in rural areas once the big companies realize the great potential they have in the rural sector. UID, NREGA and a very simple approach of claim, record keeping and printing of Insurance forms in Hindi or other vernacular language will go a long way in tapping this yet another bottom of the pyramid market. Hope Insurance companies wake up to these realities soon as the present Insurance system is heavily tilted towards urban educated populace.
Max India can be a safer bet for long term from this sector. It has support at 170-175 and resistances are at 200-225 and 240.
Another sector is from leisure and hospitality. .
Country Club has support at 21 and resistances are at 33-38-45.
Friday, April 30, 2010
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