Nov 26, 2006

CAUTION ON MONDAY

All my friends out there please be very careful on Monday as markets can correct heavily on profit booking & sell off .

I advice that the intraday traders should not take undue risk to earn money as there may be some volatility

On the other buy good front line stocks on decline i.e infosys,ongc,reliance,tcs,itc,hind lever.
Stay away from stock like Century textiles , Hdfc , icici bank , bharti aritel as these stock can see profit booking also risky traders can short all his scripts with a stick stoploss as the run has been sharp in the past few days

Overall the market Trend & Breath is postive and we are heading to 14000 in coming weeks

Happy trading

2 comments:

Praveen Kumar said...

I will appreciate your response, if you could let me know what is the region we are in overbought or oversold in past one week, especially in IDBI.

Thanks

Praveen

VIKRAM VIJAY CHANDE said...

See there is no over bought position overall,only some stocks are over bought i.e bharti, icici bank, siemens , hdfc ,century over all the market trend is good

Idbi is the safe bet & good stock to stock to hold in ur portfolio the stock is a value buy keeping in mind that baking sector will play a major roll in taking sensex to new high & contributing in the GDP as well