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Intraday Tips For Monday 13th June 2011


Intraday Stock Tips For Monday 13 June :-  For Monday 13th June I just giving you only one Intraday stock Tips.

LOVABLE (Lovable Lingerie Ltd.) Strict Stoploss, Strong Resistance –415-418-420
ACTION  PRICE  STOP LOSS  TARGET- 1  TARGET- 2 
BUY AT   385.35        364.80            390                 395     

Stock Market Trend For Monday 13 June :- My Dear visitor’s, today on 10th June 2011 indian equity benchmarks broke the narrow range of 5500-5550 seen since last Friday to close today’s trade below the 5500 mark for the fear of possible R.B.I rate hike  and also for the disappointing industrial output data published today.  The disappointing industrial output data clearly indicates that there is a slowdown in the indian economy. Food inflation, which was now more than 9%  is also a big concern. In view of above, it may possible that R.B.I is going to hike increase the interest rates again On 16th June, at least 25 basis points.
If you view the present valuation of the market in Lieu of various factors like high inflation, which also continues day by day along with high price of international Crude, It’s not a cheap market any more.  Finally a good monsoon has already been discounted by the markets which was forecast ed before.
In view of above, now we have to wait for the next Q1 results of the companies for a positive trigger and for the time being market breadth will remain negative. So the conclusion is, sell on abnormal rise and buy on extreme lower supports is prudent for this kind of market, till the situation improves, which may take some time more. Remember, now sometime you will some good positive rise of the market, But that may be for short covering or some sudden upward spike due to some sudden good news, but that does not indicate a Mid Term/Long term positive trends.

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Intraday Tips Updated at: 1:53 AM
 
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