1. Market: The techinical recovery took place yesterday but its still not confirmed that this rally will be an upbeat rally.
2. Strategy: Do not initiate any fresh long.
3. Strong Future Stocks: Wockhard ltd, Reliance Petrole, Bajaj Hind, Aban Offshor, National Alumini, Triveni Engg, Praj Industr, Glaxo (i) Ltd, Bharti Airtel and Jindal Stainless.
4. Weak Futures: Srf Ltd, Parsvnath Develo, Bombay Dyein, Nagarjuna Constr, Hindustan Const, Sobha Developers, Ivrcl Infrast, Indusind Bank, Matrix Laborator and Century Text.
5. Trading:
Buy Cummins>256.1,259,263 sl 252(this stock is my favourite,can be held as delivery)
Gail can be bought for delivery with a sl 264.
Buy Ashok Leyland >39.35,,41,42.9 sl 34.95(This stock can be a multibagger in a few years down the memory lane as largest supplier to defence for vehicles).
Those with higher appetite of risk can buy Century Textile which can show a sharp technical upmove
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