Stock
Market Trend For 23 June :-
My
Dear visitor's now the Market sentiment is very poor and totally
uncertain. In a nutshell, the present tendency of the Market is
Bearish and most probably going to break the 52w low level of Spot
Nifty, that is, 5177. Market may find the ultimate support at
5100-5000 levels. in between, at times low prices of front-line
stocks will attract the buyers, but the stability of the market will
also last for very short time. Till 30th of June there are very
less possibility of the market to recover and ultimate target of spot
nifty seen at 5400 maximum up to 5440, but at any case the downtrend
will resume for the time being. Now only some june quarterly good
corporate results can give a positive trigger of the market. So we
have to wait for the next corporate results to be declared, or else
until august, when the monsoon session does start, there is the
window of opportunity for the government to make any reforms or take
tough decisions, make cabinet shuffles and show to the rest of the
world at large that they are in control and can take action. So, let
us wait and watch and may be that the trigger which could cause a
turnaround.
Intraday
Stock Tips For 23 June :-
1. LICHSGFIN
(LIC Housing Finance Ltd.) Buy for an Intraday target of
217.40-218-220, Strict SL at 214.45
2. UFLEX
(Uflex Ltd.) Buy For an Intraday Target of 186-188, Strict SL at
181.10
