We had predicted way back on 03 Feb 13 that Nifty is in a down trend and any up moves are false move to trap the traders and since than nothing has changed much as any pre budget rally appears to be a distance dream. However need not panic as long term trend of markets is bullish and we see Sensex at 24000 levels with in the current on-going year as proactive approach of the govt is going down well with the FIIs and if govt does something concrete on ground to control, we may see FIIs coming in hordes to invest in India. Thus the ideal way to make money in such markets is to trade with hot stock of the day as one is at least sure of the guaranteed profit.
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This is an interesting scenario where Fiis have been net buyers and in house domestic institutions and mutual funds are selling. Thus as a free advice one need to keep an eye on Fiis activities as they are the first ones to leave the market as soon as they sight any danger signals in the market. This analogy can be drawn to the same fact that rats are the first ones to leave a sinking ship. Now since we are heading into budget week and thus market breaking 5820 levels can be bad for market. We can only hope for some bullishness provided Nifty closes above 5900 mark. Nifty Retracement finds support at 5755,5705,5664,5624 and 5550. These are the levels till which nifty can fall during a downslide.
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Reserve Bank of India (RBI's) final guidelines are out and now we are aware that the following type of entities i.e. public sector entities and existing non-banking finance companies, private conglomerates including brokerages and real estate giants will be able to apply for a banking licence. Thus we can see a lot of action in stocks like Shreeram Transport, L&T Finance, Mahindra and Mahindra Finance, Reliance Capital as these companies are the top most contenders for a banking licence. The guidelines have cleared that entities like LIC Housing Finance, IDFC, Rural Electrification Corp and Power Finance Corp will be able to apply for a bank licence and thus all those looking to hold stocks for long term can consider adding above stocks with at least one year perspective.
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Strong future shares at National stock exchange
DLF, Sun Pharma, Mcleodruss, HCL Tech, TCS, Tech M, NHPC, Idea, Infy & Apollo Tyres.
Weak future stocks at NSE
Opto Circuits, HDIL, Welcorp, IVRCL Infra, Adani Power, JP Associat, Punjlloyd, Jindal Steel, Siemens & Finan Tech.
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