Stock
Market Trend For 21 June :-
My Dear viditor’s, indian equity benchmarks got hammered on monday
20th June, since the opening bell dragging to a more than 18 week
low. They saw a sharp drop of 2 percent on reports that the mauritius
government had agreed to restart talks of revising the double
taxation avoidance agreement DTAA treaty with india. This triggered
margin calls as well as mass institutional selling. It is now evident
that Indian Market is heading downwards. Nifty is very near to the
52W low of 5177 level. Once this level will break, the total strength
of the market will disappear and market will be very much weak for
the time being. There is lot of classified reasons, which is not
possible for me to explain here. But in a nutshell, we have to wait
at least up to the Month of August 2011, To get the market’s
strength back, provided a good monsoon and reduced inflation, which
can only boost the market towards a positive level. So the conclusion
is, now keeping in mind the negative factors, We have to trade
carefully for the rest of the years or else the situation improves
drastically.
Intraday
Stock Tips For 21 June :-
- JUBLFOOD ( Jubilant Foodworks Ltd.) Buy for the Intraday Target of 794 Strong Resistance -800, Strict SL at 778.
- TATAMOTORS (Tata Motors Ltd. ) Buy for the Intraday Target of 940-946 Strong Resistance -960, Strict SL at 925.55
