Stock Recomendations

After the decent correction we can see some revival in today's trade. As all global clues are positive. US consumer nuber are encouraging. Asian markets trade with healthy gains and local news flow are without bad flow. Amid expiry the high volatality is the concern. All public sector bank deciding to cut intrest rate which is the boost for indian stocks for whole day. So buy is the only mantra for today's trade but with stoploss as expiry(mind it)!!

Yesterday Punjab is burnning and Bengal is storming the two new challenges for us. One is god's clamity and other is from human. One we can handle and one we can't. Think on it!

We are facing hurdle at 4280-4300 level daily suggesting that we are in tight range. See for close above this level for more upside. Inearly trade we ma face some profit booking as not clear clues from any side. Waiting for cabinet expantion today, after that market get some fresh clues and may decide their direction. On expiry note strict stoploss for intraday player is advised.

Who is the better for fiannce minister than pranav mukerji. Pranav dada is the expectation of marke which reflects on friday at the decent gain after intial profit booking. Early monsoon may give more push this rally in today's intial trade. The next big event is the monsoon. Good monsoon is the key for rural economy and still we have more than 60% of our population in rural area. the biggest consumer population in india still awaiting for good product and if they have to participate strongly than the monsoon is the factor for their income.

Today we can get some early gain. We are at the range of 4250-4550 in nifty but all the analyst predicting that the now bull in strong command after the good news from local front. So advised to hold some position if you are active. and If you are not so active in the market then go for silected midcp and defencive sector like pharma.

Have a Nice trading!!!

After profit booking today I expect some gain in our large cao section. As all Heavy weights are down in last three session, now they have to move on. As the rumour on bault that the new government may plan for OMC to decide to change the structure of petrol and deisel prises. All OMCs rallied on that note. US intial jobless claims fal in last week. But this news doesn't help US indices to plunged after positive opening.

Stronger rupee may give some pressure on earnings of IT companies. As all rating agencies downgrade the IT giant INFY and TCS, today they are to watch if they can give us the support or they are the laggards.

Buy on decline is the mantra for intraday.

We have lots of confusion around it. Today, I expect further consolidation. Global cues are negative today and Crude oil touched $62 per barrel. The secnario not change for global markets. Global industrialised economies are yet to turn the corner.

Making a fresh entry at this juncture should be done in smaller quantities. Gradual buying is recomended on every meaningful dips to reap a bumper harvest over the medim term.

Some of our economic news: