As markets have rallied over the last week, due to positive global cues, sentiment on moneyvidya.com seems to have followed suit. Buy picks have been the order of the day and a look at the % of picks which have been to Buy stocks clearly tells this story,

Consistent with the increasing appetite to Buy stocks we have seen a shortening of Timeframes on Buy recommendations. This is another sign of increasing optimism and is most acutely seen in the IT and Energy & Infrastructure sectors, which are typically amongst the most active on the site.

The most popular stocks this week have been Satyam Computer Services and Geodesic Information Services and this is part of a wider trend towards the IT sector, which has been the clear favourite this week.

IT stocks have generated almost 30% of all Buy picks with not a single sell recommendation being made. The majority of these picks are for less than 3 months and probably result from increased optimism regarding the overseas earnings potential of Indian IT firms, as developed economies show signs of improvement.

A long position in the IT sector with a 1-3 month timeframe seems to be the current community recommendation.

This entry was posted on Wednesday, July 22nd, 2009 at 1:31 pm and is filed under About moneyvidya.com, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.