1. Recap:Due to overnight trip I could not post yesterday but had one followed previous recommendation as per the entry price one would have had gained and am quoting just two i.e M&M, Bajaj hindustan etc.As advised earlier for RNRL has met its target of 100 in just a matter of few days.One must exit RNRL if it breaks 90 mark on downside.Nifty and Sensex are in uptrend till Expiry and may hit 5000 & 17000 mark respectively.Do not forget stop loss else yopu will burn your hands.All those who traded with recommendation given for 24 Sep made handsome profit for all recommendations.reliance energy has crossed 1000= as advised earlier.
2. Stock Market update:I definitely cannot fathom the fact market has gone up by around 1200+ pts with in a short span of 5 days.This can be attributed to Ben Bernanke effect who is the federal reserve governor of US.His Fed rate cut has made additional liquidity available to the developing markets but definitely we have to graduate from Mr Ben Bernanke being the governor of RBI than Mr YV reddy.You can now straight away book nprofit in all sectors which have given unexpected returns or can follow the stock with profit booking strategy as advised earlier in previous posts.Sugar sector stocks have given unexpected returns on the hope of govt Sops but exit with profit as market.For long term investors exit all holdings if ever Sensex breaks 13750 mark.Wait for expiry to get over and avoid taking long positions.Key worls indices is as following:
SENSEX 16899.54(+53.71)
NIFTY 4938.85( +6.65 )
FTSE 6391.9( -1.21% )
NASDAQ 2667.95( -0.12% )
DOW JONES 13759.06( -0.44% )
NIKKEI 16401.7 (+0.55% )
3.Strong Future Stocks
Rajesh Exports
Triveni Engg
Bajaj Hindustan
Oswal Chemicals
RNRL
Jaiprakash Hydro
Nagarjuna Fertilisers
MRPL
IFCI
Petronet LNG
4.Weak Future Stocks
Infosys
Lupin
Mphasis BFL
Tata Consultancy
Hcl Tech
I-Flex
Satyam
Wipro
Patni Computers
Aia Engineering
5.Free tips Indian Share market for day Trading:(a)Buy M&M>778.05,799,805,838 SL 769
(b)Buy PFC>206.05,209.9,211,217 Sl 204
(c)Buy GMR Infra>874.05,880,890,899 Sl 865. This stock has a potential to touch 1000+ as a delivery but should be purchased by those with higher risk appetite.
(d)Buy Bajaj Hindustan>190.05,194,199 SL 187.9
Note:Day Trade with caution as market may reverse direction any time as except for liquidity no other fundamental has changed which should lead to such mind boggling rally.
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FREE INDIAN STOCK MARKET TIPS:26 SEP
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