Stock
Market Trend For 22 June :-
My Dear visitor’s, the indian equity benchmarks clocked a smart
pullback rally in early session of today 21st June, but the cheer was
short-lived. Heavy selling from the MID session erased the morning
gains and the Nifty ended with just a 20 points gain, despite stable
global markets. Though the mauritius scare of Monday 20th June was
not the real thing, but today’s rebound in the markets shows that
monday’s crash was meant to happen anyway. mauritius or no
mauritius, Markets insiders still believe that the market are heading
down anyway and are looking for some excuses to drop share price.
So the conclusion is, now keeping in mind the negative factors, we
have to trade carefully for the rest of the years or else the
situation improves drastically. Hopefully market will again start a
firm positive journey after august 2011.
Intraday
Stock Tips For 22 June :-
1. LOVABLE
( Lovable Lingerie Ltd.) Buy at 393.35 Intraday target of
397-399 Strong Resistance 405-410, Strict SL at 388.30.
2. INSECTICID
(Insecticides (India) Ltd.) Buy preferably on delivery basis. And in
small quantity. Remember, it’s a low volume stock Buy for the
Intraday target of 340-342 Strong Resistance -348, Strict SL at
327 . Short Term Target – 410.