Now we are in a bullish mode and Nifty can touch 5350-5400 levels provided the level of 5200 is protected and we do not have any lobal cockroaches coming out of the cupboard and spoiling the party. We may see some sideways action in market as it will be looking for some positive triggers to get going towords 5350 and higher levels. The daily trend of Nifty remains in Up trend and now is the right time to make use of the sure shot hot stock of the day and make money like professionals traders in the Indian cash and derivatives market.
It is a good news for ICICI as it has been able to negotiate its dead money with SREI Infra by selling the Rs 430 Crores Kingfisher Loan to SREI Infra. Now it needs to be seen that how debt restructuring will benefit SREI Infra as Kingfisher is going from bad to worse and banks are going to classify loan rendered to Kingfisher airlines as dead money.
The short-term moving average has remained above medium-term moving average and this is a positive sign for the NSE & BSE and we may see a rally taking place to 5350 mark.
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Strong future shares at National stock exchange
NCC, HDIL, LITL, GMR Infra, Pantaloon R, Educomp, NMDC, Finan Tech, GVKPIL & SRE Infra.
Weak future stocks at NSE
OnMobile, Tata MTR DVR, JP Power, Ashok Ley, Cairn, Tata Motors, Guj Fluoro, Ruchi Soya, Max India & Core Education.
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