4-Mar-2009 Trading Stock Tips

As mentioned yesterday 2618 is the support for Nifty. It was closed near to that yesterday. As per chart indication, Market should open with some +ve movement and if you have any position and you are having profit then try to book your profit as positive movement will not going to sustain. More bad news on desk to come.

Some tips
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- Keep your eyes on European Market also.
- Nifty: If trades below 2618 then it may touch 2570 today and in reverse direction it should not go beyond 2652.
- March/April will be the worst year in Indian history.
- Bank Of India: See some good movement today (for Traders only)
- Rcomm: It can touch 126 level (With 110 as ultimate target). But its good buy opportunity for medium/long term.
- Buy IVRCL Infra with target of 111 (don't go for long position) - SL 99
- Buy Cipla
- Tata Steel: Target 143
- Aban Offshore: On positive movement exit. Ultimate Target 246
- On rise exit Bharat Forge With Target 77(Intraday - but if market trades below 2618)
- Short SAIL (Future) on 5% rise: Cash ultimate target 62
- Buy GVK Power Below 17.3 (Good Long Term Bet)