1.Recap:As has been warned by me in my previous posts to stick with stop loss as market rise to stratosphere would result in its falling with same speed.Keep a close watch on market levels and definitely exit if those levels are breached.
2.Stock market trend:However market will remain in uptrend till 4299 level is not breached and watch it closing down 3 consecutive dys to indicate any long term trend reversal.If you are sitting on profit just book it as global weak trend may act as a method by bear cartel to trap bulls.Day trade only if in frontt of screen and use strict stoploss else retail investor can take a break for few days from day trading and let the market stabilise and go on vacation for few days with family.It will relax you,as well as remove family grieveances that you do not look them up as always engaged with stock market.A fresh mind can take better and pragmatic decisions.If you are with good scrips which are fundamentally sound do not worry by these large falls though as these falls appear large but when compared in percentage to sensex present position would appear small.Good fundamental stocks are like fixed deposits.Remember such type of falls give you an opportunity to go for bottom fishing in good fundamental stocks.
3.Sensex Levels To be watched:14830-14630-15572
4.Nifty Levels To be watched:4300,4555
5.Strong Future Stocks
Alok Industries
Reliance Energy
CESC
Ballarpur Industries
ITC
UBI
Crompton Greaves
Voltas
GNFC
Jindal Stainless
6.Weak Future Stocks
Polaris software
SRF
Mphasis Bfl
Lupin
Aurobindo Pharma
Suzlon Energy
Titan
Bharat Forge
IVRCL
Orchid Chemicals.
7.Day Trading Free Tip:(a)Sell tata Steel<645.9,640,632,625 SL 665.1
(b)Assess Strategy for day trading Infosys here and buy it only above 2041.Infosys has bucked the market trend and thus can be under strict scanner and this strategy holds true for coming days ahead also as these are proper researched strategy valid for consecutive days.
8.Delivery Tip:Buy Ballarpur industries(BILT) as a delivery for 3 months if it trades above 134.05 and book profit intraday.
FREE INDIAN SHARE TIPS FOR DAY TRADING AND DELIVERY:30 JULY
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