Nifty closes marginally up from previous close, there is an up tick on the indicators in the daily charts. Many good stocks gave way to bear strength today. With the global markets on the reversal mode, there is a likely rally in the next session. Some stocks that can have up moves tomorrow are Sterlite technologies, Power Finance Corporation, Federal Bank and REC Ltd., have a watch on these stocks and trade long at appropriate levels.
Momentum long trade possibilities available in Divi's Labs and Grasim. HDFC Bank has developed good bullish strength, this stock is one of the top stocks in the Banking Industry group, on a uptick trade long for some good short term gains.
New high new lows index had a down tick on the daily, on the weekly it is in the rally mode. Thus giving opportunities for some gains on the index before it retraces again to re-test lows. Tech stocks had a good run today and Satyam Computers which is the present leader in this Industry group showed signs of strength on the previous session and has recovered well. Media Index is one of the strong Sectoral index and ZEEL, a leader in this group which gave a momentum long trade 2 days back has been on the rise clearing more than 13 points in the present rally.
As markets are not in a well set bullish mode, apply minimum risk on trades, don't miss an opportunity to have some profitable moves and at the same time keep your capital safe.
Happy trading, team BraViSa.
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