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1.Recap:Escorts traded in positive territory through out the day and I booked my intraday profit in it.PFC trade could not be entered as stock reversed from 200 whereas our entry price was 200.05 and thereafter it traded weak.Thus it makes it evident to enter at recommended levels to avoid being caught in any aftermath.Signals appear that market may now trade downwards.The scrip advised earlier i.e bartronics has skyrocketed since our recommendation and has crossed 221 mark as retail is the biggest revolution taking place and it is providing barcoding for these retailers.
2.Stock Market:Global markets are down and thus Indian markets will also open with a negative bias.I have booked profit on Friday from my investments and will like to enter only after some significant correction is available in the market.
3.Strong Future Stocks
Nagarjuna Fertilisers
Triveni engg
Jet Airways
Rajesh Exports
India Cements
Birla Corpn
Chambal Fertilisers
Rolta
Mcdowell
Praj industries
4.Weak Future Stocks
Sobha developer
I-Flex
Sterling Bioitech
Glaxo
Ansal Properties
Hind Petroleum
Mahindra Gesco
BPCL
Polaris Software
VSNL
5.Day Trading:Sell SBI<1612.75,1605,1590 Sl 1621.1
6.Watch: Selling opportunity exists in Reliance and century Textile in case market goes in bear grip.
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