Stock
Market Trend For 24 June :-
My
Dear visitor’s, today 23rd June, the Indian Stock Markets
demonstrated some much needed resilience by clocking a smart pull
back in the face of global weakness. but remember that
market is still bearish and I am still pessimistic about the market.
As per My idea, today's rise is nothing but a short covering. Now
everything depends upon the next R.B.I monetary policy. Market can
maximum digest another 25 BPS hike and anything more than that is
having a severe and detrimental effect upon the market. Market
is just looking for some concrete reasons or excuses to break the 52w
low of 5177. As per my previous forecast, Nifty can
maximum reach up to 5400-5440 levels and will deeply correct again.
in a nutshell, the present trend of the market is buy on extreme
declined level and sell on abnormal rise. 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 24 June :-
1. ARSSINFRA
(ARSS Infrastructure Projects Ltd.) Buy at 422.85 for an Intraday
target of 440-445. Strict SL at 410. Strong Resistance -440-450.
2. UFLEX
(Uflex Ltd.) Buy at 196.95 For an Intraday Target of 205-210,
Strict SL at 187.55. Strong Resistance -205-210.
3. TALWALKARS
(Talwalkars Better Value Fitness Ltd.) Buy at 243.35 for an
Intraday target of 245.35-247.95. Strict SL at 235. Strong Resistance
-250-252.