Indian Stock Market Trend :- My
Dear visitor’s, after a horrified black Friday, the bloodbath on
the Indian equity indices continued even today 8th August
. this fate, it seems was sealed early Saturday, when standard &
poor’s (S&P) cut it’s U.S. rating to AA+ from AAA. the
downgrade shocked the investors across the globe. the Indian Stock
Market took the lead from its Asian peers, which had the misfortune
of being the first to react to the NEWS. As per the present
situation, this is may be not where the Market will pause for the
time being. The cut can get deeper with the Nifty going down to
4800-4700 levels. But it is just a temporary shock as people are not
really leveraged as of now. Fundamentally i don’t see too many
reasons for our market to correct except mass fii selling. So
conclusion is, for the time being reduce your buying exposure as
minimum as possible and quit the market every day after making some
reasonable profit. rest is your choice.
Intraday
Stock Tips For 9 August 2011
1. WOCKPHARMA (Wockhardt Ltd.) :- Buy at 447.80, Strict SL at 435.35, Intraday Target 450.40-453 Strong Resistance - 460-465-470
2.
INVENTURE (Inventure Growth & Securities Ltd.)
– Buy at 205.05, Strict SL at 195.05, Intraday Target 207-210
Strong Resistance - 215-218.50-220.
3. COALINDIA
(Coal India Ltd.) :- Buy preferably on Delivery Basis and in Small
Quantity Buy at 392.25, Strict SL at 380.40 for Delivery
purposes, Intraday target 395.95-399 Strong Resistance -401.80 Short
Term Expected 450 Plus.
