GOOD NIGHT

Hi friends,

Sorry for the inconvenience today, I could not update the blog. The market was lacklustre and August F & O series is closed today.

 FII trading activities reveals that since April 2009 they have purchased considerable stock of equity from our market and dumped only once in May2010 in a big way. They also sold off today  a considerable value in a day, since then. It is my observation that they will dump the stock any time now as the market has given a good rise. They will start selling and book profit. Market is in bullish trend but profit booking by FIIs and other traders will bring some fall or say correction. Market will find some reason to fall and sure to give up good points tomorrow or in days to come next week.

Traders should book profits, go short and wait to buy new is my advice.

However, followings are worth a good buy.

NESTLE
CROMPTON
ENIL
RUCHI SOYA
MARG
FINOLEX IND

Go short OR BOOK PROFITS on:

CAIRN
CENTURY TEXT

More tomorrow afternoon.

Good Night,

Jagruti.