1. Recap: ONGC tip did not reach its entry price and thus was not executed but can be executed the day it reaches recommended level. SRF touched a high of 165 giving a profit potential of Rs 2/- only. As suggested regarding Nifty breaking 5624 it touched close to 5370 levels.
2. Stock Market Update: A technical bounce back is expected and thus go long only if Nifty trades>5626. However on the lower side if market breaks Nifty 5389 we may be seeing more downfall till Nifty 4900 levels. However a correction is good for market in case it has to achieve higher highs. So do not get perturbed if market falls as one thing which goes up has to either fall or consolidate to commence for its next leg of journey. Volatility will continue due to PN crisis, crude touching $100 and fears of subprime crisis being deep.
3. Strong Future Stocks
Ballarpur Industries
Jai Prakash Asso
Vijaya Bank
Essar Oils
Gmr Infrastructure
Everest Kanto
Deccan Aviation
Rel.Capital
MRPL
Bombay Rayon
4. Weak Future Stocks
Ansal Prop & Infrastructures
Federal Bank
Sterlite Inds
Infosys
Unitech
Sobha Deve
Idea Cellular
Peninsula Land
Patni Computer
I-Flex
5. Free Day Trading Tip:
Buy SRF>155.1,159.9,162,169 sl 152.5
Buy RPL>209.1, 214.5,219.9 Sl 205.9
Sell Century<1075,1040,1000>710.3,720,739 sl 699
6. Delivery: Those with cash can accumulate Reliance apetroleum as am bullish for the stock. Tata motors can be alo held as delivery as it will pay good returns.
Free Online Profit Making Tips for Indin Stock Mkt::23 Nov
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