Dear readers,
Indian Markets today opened in gap up followed by global cues, Asian in particular. Nifty saw a Break down towards the 2nd half and cut crucial support level of 4870 levels and made a low of 4807.
In all a very volatile markets today though Nifty saw good volumes, but over all breadth of market was extremely negative. Mid cap and Small cap stocks were hammered down badly, along with some major banking stocks Like SBI, ICICI Oriental bank of commerce. Crack in stocks like reliance, Unitech and Ranbaxy lead the downfall.
Nifty (provisional) closed near 4818 down 81 points and Sensex (provisional) closed near 16148 down 207 points from previous close, BSE small cap closed down 0.9% and BSE mid cap closed down 1.3 %.
We advised all our subscribers to be exit below 4870 which in turn touched the low of 4807.
Our Recommendations for today:
- Rajesh exports: 101.9 to 104
- Aban offsore: from 1117 to 1128
- Walchand : from 261 to 272
- Jai corp: from 308 to 317
- Chennai petro: from 237 to 240
- TIL: from 374 to 377 to 404
- Walchand: from 258 to 261
(We recorded 100% accuracy in our calls today and recorded huge profits in volatile markets, as none of the calls made loss).
Multi bagger as on Monday:
Walchand: from 257 to 272
MRF: from 5729 to 6220 then crashed to 5950.
Stocks to watch on:
Walchand nagar and Jai corp recommended on Monday gained more than 5% in intraday trade, tomorrow watch Nifty.
Stock to buy for Wednesday:
Buy Jai corp. above 306 targets 309 to 318 SL 303 on Tuesday achieved all targets.
Nifty on Wednesday:
Nifty Below 4790 can test 4760 thereafter can touch 4725. On the upside above 4990 can see 4945.
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