1. MARKET:Due to Chinese melt down of stocks by close to 10%,DOW closed approx 500 pts down. Asian markets slid following dip in global stocks on fear about China with Nikkei losing 3.8%.Budget is on the head and it is better that fresh longs be not created as BLOODBATH may occur as due to buoyant stock market, it has to bear the brunt by being levied with additional tax burden and may be market gives it a thumbs down.Watch nifty 3800 level if broken will lead to blood bath.So avoid trading if possible today.
| Nasdaq | 2,407.86 | -3.86 |
| DJIA | 12,216.24 | -3.29 |
| S&P 500 | 1,399.04 | -3.47 |
| FTSE 100 | 6,286.10 | -2.31 |
2. Strong Future Stocks: Ifci Ltd, Jsw Steel Limit, Jindal Stainless, Praj Industr, Sesa Goa, Sail Ltd, Bajaj Hind, Aban Offshore, Cesc Ltd and Wockhard ltd.
3. Weak Futures: Bata (i) Ltd, Zee Telefilm, Parsvnath Develo, Orient Bank, Punj Llyod Limit, Tvs Motor Company, Sobha Developers, Jet Airways, Shree Renuka Sug and Grasim.
4. Today only sell startegy to gain from falling market.
(a) Sell ACC if breaks 949.95 tgt1 946,tgt 2 932 sl 957
(b) Sell Sbi if breaks 1086.95 tgt till 1037 sl 1094
(c) Sell Polaris software if break 193.95 tgt1 191,tgt 2 185 sl 198
(d) sell Can bank if break 216.25 tgt 1 213.6,tgt 2 211.35 sl 220.5
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