27-02-2013

HOPE SHOULD BE AS STRONG AS.........

HOW MARKET TAKES ECONOMIC SURVEY?

Yesterday, Bansal's Railway bulldosed the Nifty from its levels. We have to wait for puller from Economic Survey and Chidambaram's Budget.  

ICICIdirect reports Nifty rollover at 23.97% versus 30.97%. as on 26th.  Since OI levels are been maintaining between 5800 - 6000, with weak technical and sentiment, some more volatile can see.  As per Eq buying data, FIIs are in buying side only.  This may be good opportunity to buy equity stocks in phased manner.  

NIfty's may test its next retrenchment level of 5680, if the today's Economic Data and Tomorrows Budget disappoints.  Since market is almost in oversold zone, pull back rallies will be strong, even though they stay for shorter period. Positional Traders can take this opportunity to average their Value Stocks.

Yesterday the following stocks have reacted technically, may keep watch on Buy or Sell for Trading with Strict SL (as per your bearing capacity)

INDIACEM (THE INDIA CEMENTS LIMITED)

JSWENERGY (JSW ENERGY LIMITED)

GODREJIND (GODREJ INDUSTRIES LTD)

COREPROTEC (CORE PROJ. & TECH. LTD.)

BHUSANSTL (BHUSHAN STEEL LIMITED)

DLF (DLF LIMITED)

NHPC (NHPC LTD)

IDEA (IDEA CELLULAR LIMITED)

INFY (INFOSYS LIMITED)

WIPRO (WIPRO LTD)

TCS (TATA CONSULTANCY SERV LT)

PATNI (PATNI COMPUTER SYST LTD)

HCLTECH (HCL TECHNOLOGIES LTD)

SUNPHARMA (SUN PHARMACEUTICALS IND.)

APIL (ALSTOM PROJECTS INDIA LTD)

IGL (INDRAPRASTHA GAS LTD)

TECHM (TECH MAHINDRA LIMITED)

MCLEODRUSS (MCLEOD RUSSEL INDIA LTD.)