1.MARKET:Watch NIFTY 3520 level if broken we may be heading for 3425.However technical bounce is not ruled out as market is highly oversold.
2.Strategy:Go long in fundamental stocks in which you can commit funds in cash.Donot worry if trapped in any long position as fundamentals of India as a market has not changed over night.Similar situation was seen in MAY06 mayhem due to meltdown in metals at LONDON stock exchange and we witnessed bounce back with market scaling new highs.The long term outlook for market still stands at figure 20000 for Sensex.
3.Strong Future Stocks: Wockhard ltd, Reliance Petroleum, Bajaj Hind, Glaxo (i) Ltd, Jindal Stainless, Aban Offshor, Karnataka Bank, Ntpc Ltd, National Aluminium and Hero Honda.
4. Weak Futures: Hindustan Const, Srf Ltd, Bombay Dyein, Bata (i) Ltd, Ivrcl Infrast, Nagarjuna Constr, Parsvnath Develo, Orient Bank, Polaris Softwar and Century Textile.
5.Sell Reliance in case held in your portfolio and book profit.Buy good fundamental stocks in return like Nagarjuna Construction,Biocon and Praj Industries
6.Trading:Buy Praj industries>362.05 ,369.9,379 sl 351.95
Sell Tisco<420 for a target for 380.Book profit in intraday at every opportunity as market can change direction at any moment.
Best Stock Recommendations in India 06 Mar
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