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1.STOCK MARKET:The trend of market is up however profit booking at higher levels may take place.Nifty is 25-30 points short of its previous high rally.Lighten your portfolio if sitting on profit as May has been a month where vast fluctuation in stock market has taken ;remember last year May,2006 when the fall was steep.Guard your profit with strict stop loss.
2. Strong Future Stocks: Nagarjuna Fertil, Matrix Laborator, Rel Capital, SBI, Mcdowell, Orient Bank, Bank Of Baroda, IOC, Canara Bank and IDBI Ltd.
3.Weak Future stocks: Punj Llyod, Sun TV, Cipla Ltd, M&M, Dabur India, Dr Reddy, I-Flex, Suzlon Energy, Ashok Ley and Polaris.
4.Trading:(a)Sell Mahindra and Mahindra<724.9,718,712,700 Sl 736.The trend of this stock is down and the day market opens in negative territory stock will fall.
(b)Sell Century Textile<618.9,615,605 sl 631.Keep watch of this level as stock is trading at a crucial level.
Undertake these recommendation with strict stop loss and as per negative trend of market.
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