1.Trend for Stock Market:The uptrend of stock market continues with profit booking leading to decline on certain days.Critical levels for Nifty is (4310) and support for Nifty is 4286 and resistance to the up move for Nifty is at 4383 level.The support for Sensex is 14583 and the resistance to the up move is with in a band of 14760-14845
2.Strong Future Stocks
- GMR Infrastructure
- IFCI Ltd
- Hindustan Construction
- IDBI Ltd
- Lic Housing Finance
- Titan
- Punj Llyod
- Divi Laboratory
- Reliance Petroleum
- GE Shipping
- TVS Motors
- SAIL
- Praj Industries
- Tata Conusltancy
- Polaris Software
- Bajaj Auto
- Wipro Ltd
- Jindal Stainless
- Escorts
- Wockhardt
4.Day Trading Cum Delivery:Buy Selan Exploration as a delivery and day trade also for a target of 107.Book profit during intraday else hold it as a delivery.
5.Recap:Selan Exploration has been recommended a number of times by me and it has achieved targets as per my previous recommendations,however a lot of juice is still left to be extracted from this scrip as oil exploration companies are commanding a hefty valueation and have a look at alphageo,shiv vani etc.