1.MARKET:The trend in market is not clear and intraday swing can wipe out your gains.Thus let the trend be clear before committing funds.As per global heavy weight analysts opinion, we may be near a correction as presently market has witnessed a fall of 12% from its peak and this fall may continue upto 30% from its peak.It appears that the worst for sugar stocks is over and these stocks have shown their bottom and concept of alternative fuel add on i.e ethanol may further fuel these stocks as and when the policy of blending petrol with ethanol gets through to minimise fuel foreign exchange burden.
2. Strong Future: Triveni Engg, Shree Renuka Sug, Bajaj Hind, Bharti Airtel, Praj Industr, Aban, Reliance Petrole, Wockhard ltd, Sun Pharma and National Aluminium.
3. Weak Futures: Srf Ltd, Bata, Ultratech Cemco, Acc Ltd, Nagarjuna Fertil, Parsvnath Develo, Ind Cements, Matrix Laborator, Ivrcl Infrast and Grasim.
4.Trading
Buy Financial Technology at opening if market opens positively and book intraday profit else same can be held as delivery.Buy as per your funds state and risk profile and strict no to margin funding.
Buy century textile >555.05,562,573.5 sl 549
Buy Jet airways>584.05,589.9,594,599 sl 577
Note:Book profit as and when available in market as market can change diretion at short notice due to non clarity in trend.Do not day trade if you cannot watch screen.
RECOMMENDATION INDIAN STOCK MARKET-13 MAR 07
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