Intraday Stock Tips For Monday 13 June :- For Monday 13th June I just giving you only one Intraday stock Tips.
Stock Market Trend For Monday 13 June :- MyDear visitor’s, today on 10th June 2011 indian equity benchmarksbroke the narrow range of 5500-5550 seen since last Friday to closetoday’s trade below the 5500 mark for the fear of possible R.B.Irate hike and also for the disappointing industrial outputdata published today. The disappointing industrial output dataclearly indicates that there is a slowdown in the indian economy.Food inflation, which was now more than 9% is also a bigconcern. In view of above, it may possible that R.B.I is going tohike increase the interest rates again On 16th June, at least 25basis points.
LOVABLE (Lovable Lingerie Ltd.) Strict Stoploss, Strong Resistance –415-418-420
ACTION PRICE STOP LOSS TARGET- 1 TARGET- 2
BUY AT 385.35 364.80 390 395
Stock Market Trend For Monday 13 June :- MyDear visitor’s, today on 10th June 2011 indian equity benchmarksbroke the narrow range of 5500-5550 seen since last Friday to closetoday’s trade below the 5500 mark for the fear of possible R.B.Irate hike and also for the disappointing industrial outputdata published today. The disappointing industrial output dataclearly indicates that there is a slowdown in the indian economy.Food inflation, which was now more than 9% is also a bigconcern. In view of above, it may possible that R.B.I is going tohike increase the interest rates again On 16th June, at least 25basis points.
Ifyou view the present valuation of the market in Lieu of variousfactors like high inflation, which also continues day by day alongwith high price of international Crude, It’s not a cheap market anymore. Finally a good monsoon has already been discountedby the markets which was forecast ed before.
Inview of above, now we have to wait for the next Q1 results of thecompanies for a positive trigger and for the time being marketbreadth will remain negative. So the conclusion is, sell on abnormalrise and buy on extreme lower supports is prudent for this kind ofmarket, till the situation improves, which may take some time more.Remember, now sometime you will some good positive rise of themarket, But that may be for short covering or some sudden upwardspike due to some sudden good news, but that does not indicate a MidTerm/Long term positive trends.