Hi friends,
Today being the last day of the 2010-11 and also of the March Futures and Options series, may be it will be the last day of this rally. Market is dragged upwards as funds and companies wanted to raise the price to show higher market value of the concerned scrips on the closing of this financial year for many reasons and got the operations done also short positions are covered now. This operations will be over from today and market will again face a strong resistance. Traders should be cautious in taking new long positions and profits should be booked today remaining stock specific.
Index based stocks are good for intra day trades.
Good long term buy is DB REALTY
Good for trading :
TATA COFFEE
VIP
TITAN
SBI
AXIS
More later,
Regards,
Jagruti.
Today being the last day of the 2010-11 and also of the March Futures and Options series, may be it will be the last day of this rally. Market is dragged upwards as funds and companies wanted to raise the price to show higher market value of the concerned scrips on the closing of this financial year for many reasons and got the operations done also short positions are covered now. This operations will be over from today and market will again face a strong resistance. Traders should be cautious in taking new long positions and profits should be booked today remaining stock specific.
Index based stocks are good for intra day trades.
Good long term buy is DB REALTY
Good for trading :
TATA COFFEE
VIP
TITAN
SBI
AXIS
More later,
Regards,
Jagruti.
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