NIFTY FROM 4130 TO 4230 A DEAD CAT BOUNCE ..............
After making a low of 4130 the markets bouned back upto 4230 levels. Our supports were 4140 & resistance at 4225 & 4240. This was a dead cat bounce as we recomended yesterday.
Repeating again use this rallies to book profits in & exit markets for short term.
Our contra call IT & Software stocks are rockin the markets.
Nifty crucial supports are 4140 & 4100 below that we see more dips. Until nifty gives close above 4240 levels for 2 to 3 days till then we cant say a trend reversal in the markets. Below that we can expect minimum 5% correction in the markets.
Our Btst calls of cummins , Praj Inds , Punj llyod & Rcom wil hold their good.
Good Day ahead , Happy Investing.
Market Commentry :
IT sector outperforming the markets as we are recomending it since last one week or so. Infosys ,Satyam, Wipro & many more small cap & mid cap stocks.
Rumours in markets tht Vodafone to sell Bharti's stake at around 600 to 650 Rs per share. Take care to your buys in this stock
buy sasken comm at 515 sl 500 tg 540 - 550 positional call
Btst peninsula land buy around 550 to 555 sl 545 tg 580+
RCOM & BHARTI ARE GOING TO DEMERGE ITS TOWER BUSINESS.
KEEP STRICT STOP LOSS TO YOU TRADES.
AS PER INDIAN MENTALITY PEOPLE DONT BELIEVE IN DOING SHORTS IN MARKETS AS THEY ARE ALWAYS BULLISH. THIS IS GOOD FOR THE LONG TERM VIEW BUT PEOPLE SAYING THIS TRADE FOR SHORT TERM IN MARKETS & MAKE LOSSES. THIS ARE BASICALLY THE SHORT TERM TRADERS WHO ARE ALWAYS BULLISH & ALWAYS MAKE LOSSES IN WHEN MARKETS START FALLIN IN SHORT TERM.
IF U CANT GO SHORT THEN AT LEAST BOOK PROFITS IN MARKETS WHEN EVER ADVISED.
HAPPY WEEKEND , HAPPY INVESTING
