After the announcement of the second stimulus package on Friday last, markets are expected to open gap today. The Asian markets have also opened higher today morning. Nikkei-225 is trading up 2% ,Hang Seng and Straits times are also up by 1% and 1.68% respectively currently. But some how it looks difficult that markets will sustain at higher levels so much. After a small rally markets may even come down. Profit booking will take place at higher levels.

The stimulus package which was announced was more or less expected by marketmen. Sectors like auto,banks, real estate and cements are likely to open higher today. But you need to check how long can they survive at those levels.Some of the intraday calls for today include :

Buy India Infoline  above 69, Stop Loss: 67,Target: 74,76.

Buy IDFC above 72, Stop Loss: 69,Target : 76,77

Buy Punj Lloyd above 159,Stop Loss: 157,Target : 162, 165

Buy DLF above 301, Stop Loss : 298, Target: 309,311.

Check them out with strict stop loss figures. You can even short sell some of them at higher levels to get some more profits again with strict stop loss in mind. 10,000 on sensex and 3000 on nifty are major hurdles at the moment, so remain cautious. Once these levels are crossed and markets sustain above them then we can expect some more rally till 3080 or 3120 in nifty.

Popularity: 3% [?]

Powered by

Enter your email address:

Don't forget to click on the link to activate the subscription. Delivered by FeedBurner