Intraday Tips Market Trend
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Intraday Tips For 21st June 2011


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 :-
  1. JUBLFOOD ( Jubilant Foodworks Ltd.)  Buy for the Intraday Target of 794 Strong Resistance -800, Strict SL at 778.
  2. TATAMOTORS (Tata Motors Ltd. ) Buy for the Intraday Target of 940-946 Strong Resistance -960, Strict SL at 925.55

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Intraday Tips Updated at: 10:17 PM
 
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