Finance News: India Business News

Monday, August 6, 2007

calls for 6th

Extreme Risky players may catch the rally with a tight & Strict stop losses.

stocks for sell.... Akruti, Jyotistruc, Redingtone, Uniphose, Bluestrco, Eracon, Indiacement, Centurytex, GTCindia.

BEST SELL

KOTAK MAHINDRA (SELL) 758 (Target1) 749 ( Target 2) 741 (Sl) 773

RANBAXY (SELL) 362 (Target1) 358 ( Target 2) 354 (Sl) 370

INDIABULLS (SELL) 579 (Target1) 572 ( Target 2) 567 (Sl) 591

[06.08.07] Market Forecast

The Dow syndrome catches the Indian markets and we are ready to face the carnage again...Global meltdowns is going to continue for some more days and only if we get a positive cue from the global market, one can expect of a bullish sentiment. I strongly advise every investor to be extra cautious in this kind of market and it will be safe for all to trade intraday only if one can take risk otherwise stay away from this kind of market...

Tomorrow, market may open flat or negative with gap down of 50-80 points attached with negative sentiments and remain long only above 4400 with SL 4385 for a tgt of 4430-4454. If it remains below 4395 keep short with SL 4410 for tgt 4360-4320. Dont carry overnight positions till the nifty closes above 4533.. Till then,trade Intraday only....

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