1. MARKET Watch 3992 level ,if broken market will FALL and to aid its fall budget rumours will add fuel to fire.
2. Budget 2007 Market is ripe with rumours that STT (securities transaction tax)may be raised and short term capital gain tax on sale of shares may be raised from present level of 10%.So these negative announcements may trigger fall in market.
3. Action Wait till 10:15 AM and let market show its direction and then trade.
4. Strong Future Stocks: Praj Industr, Ifci Ltd, Aban Offshore L, Ndtv Ltd, Bharti Airtel, Escorts Ltd, Lupin Limited, Orchid Chem, Bharat Elect and Sail Ltd.
5. Weak Futures: Parsvnath Develo, Shree Renuka Sug, Balrampur Ch, Hindustan Const, Lanco Infratech, Sobha Developers, Zee Telefilm, Ivrcl Infrast, Bombay Dyein, and Triveni Engg.
6. Trading Calls
(a) Buy Rolta at opening as it is showing technical upmove with a target upto 370.The stock is a breakout candidate tgt1 357.5,tgt 2 361.5 and final tgt till 367.95.Use stop loss 346.
(b) Suzlon is a long term story call as its in mega power wind turbine business and power shortage is going to give it an up flip in times to come.However for today trading follow following set up
Buy Suzlon>1050.05 Tgt1 1065.5,Tgt2 1076.5 Stoploss 1038.95
Recommendation Indian Share Market-23 Feb
