Last few weeks market was too volatile with a negative biased.On Tuesday,NIFTY(CMP - 5522.3) rallied 2.61% on hopes,as budget has given some hopes to control inflation based on domestic environment.But but but....... if crude oil prices go up then the government will have tough time managing inflation.Also global scenario is not good at all esp. Middle East,which is a concern for all global markets.So,I would not recommend anyone to invest.One can trade with a strict stop-loss.For tomorrow,NIFTYs target of 5600 with a stop-loss of 5487.
1) LIC HOUSING FIN. (CMP - 197.5) - Buy for a target of 202 with a STL of 194.
2) HNDALCO (CMP - 212.45) - Buy for a target of 220 with a STL of 208.
3) BGR ENERGY (CMP - 428.05) - Sell for a target of 413 with a STL of 440.
Enjoy Trading
(www.derivativestrategy.blogspot.com)
1) LIC HOUSING FIN. (CMP - 197.5) - Buy for a target of 202 with a STL of 194.
2) HNDALCO (CMP - 212.45) - Buy for a target of 220 with a STL of 208.
3) BGR ENERGY (CMP - 428.05) - Sell for a target of 413 with a STL of 440.
Enjoy Trading
(www.derivativestrategy.blogspot.com)
