Hi Friends
Markets are well poised at this stage for a trend reversal and hence we can well see Nifty levels of 5600-5650++ in this week. However we will have to wait for 5650 to cross and sustain there for sometime before we can confirm the end of BLOOD THIRSTY BEARS. As always, staying away till the budget is always the BEST BUY in these scenarios but for those whose risk appetite is a little higher can trade a bit but for very short term. There are few stocks which I am covering right now and i feel that they are going to be the HOT FAVOURITES in the coming days.
Rathi Udyog (CMP arnd 28)- Preferential allotment news @ 51
This could well be a PREBUDGET RALLY which we are expecting.. and any positive/negative news from the FINMIN can take the markets either ways..and by either ways I mean.. that it can move 1000+++ points up/down based on the markets sentiments related to the news. Hence CAREFULL..
Happy Investing
Investomaniac
JAIDADIKI
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