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1.Stock Market:Political turmoil is taking its toll and it appears Indian Govt is on borrowed time ranging from 3-9 months as differences are widening and this is the first time Sensex has slipped below 14000 levels since mid May,07.Observe the market to trade consecutively for 3 days to consider bull uptrend to remain intact else we may see 3900 levels in time to come.Watch Sensex levels 13475-13460-14400-14661-14869 and Nifty levels 3992-3972-3914- 4210-4266-4328.Key indices of the world is as following:
SENSEX 13989.11(-438.44)
NIFTY 4074.90(-134.15)
FTSE 6085.50(+0.11%)
NASDAQ 2508.59(+0.14%)
DOW JONES13121.35(+0.32%)
NIKKEI 15901.30(+1.07%)
2.Strong Future Stocks
Nagarjuna Fertilisers
Chambal Fertilisers
Jaiprakash Hydro
Triveni Engg
Ballarpur Industries
IFCI
Rel Natural resources Ltd
Alok Industries
Tata Power
Sun Pharma
3.Weak Future Stocks
Divi Lab
India Infoline
Gateway Distripak
Financial Technology
Praj Industries
Escorts
Balrampur Chini
NDTV
Parsvnath
JSW Steel
4.Day Trading:Buy ICICI bank>842.05,859,872,890 Sl 829
5.Day Trading:Buy IVRCL>358.05,363.5,370,374 Sl 353.9
6.Delivery:Take delivery trades like HDIL,Dcm Sriram for 3 months and reap gains as technical bounce has to take place.
7.Note:Use strict stop loss for day trading as intraday volatility will continue.
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