Stocks with +ve bias : Renuka, Mphasis, Tata Motors (SL 146), BPCL, BHEL
Stocks for Investment : RIL, Bharti BEL, Lupin, HUL
Covering all the Daily Updates From The Indian Stock Market To Help You In Investing To Get Maximum Gains.
Tuesday, March 03, 2009
Market view
On back of weak global cues Nifty kept cracking from highs. It got minor support @ 2680, but that to broken on later hours. For today, watchout for 2662-2625, closing below it may lead to 2520 zone. Abv 2680, we may see some releif rally. Dow Jones cracked almost 5%, closing below 7000 mark nearly 12 yr low, after AIG reports biggest quarterly loss in corporate history & Nifty Fut: Broke crucial support of 2660. It may test 2600-2580 if stays blw 2625. We would like to advise all to think of covering shorts once in 2550-2600 range & wait for confirmation for next move. We may expect a flat/gapdown opening of 20-30 pts on Nifty, avoid shorting at lower levels
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