Yesterday Sell NIFTY FUTURE @ 3619. Just See.......What's Happen Afterward Nifty Nose Dive to 3532 Mark.................
As predicted by us, we have seen a slide in the markets yesterday and this bear run is likely to extend to Tuesday's trade. There was heavy selling in Realty stocks yesterday as investors were not confident about a quick turnaround in the sector. We are likely to see the selling extending to Auto and Metals in today's trade.
Investors could short stocks in Auto, Metal and Banking sectors. We would like to reiterate our 'sell' call on TVS Motors and there is some easy money to be made here. Banking stocks like Axis Bank and ICICI Bank might give their gains today and buying banks is not recommended atleast for the short term.
Our favorite Tulip IT surged again on huge volumes and it is time to book partial profits in this stocks around Rs 625. The long term growth story is intact for long term investors in this stock.Exit speculative thrid rung counters and even some midcap stocks like Resurgere Mines an Surana Corp. Go short, if the market opens lower by 50 to 100 points. Stay away from short selling if there is a big gap down, as you don't want to be caught in a short covering rally.