YESTERDAY CALLS

RELINFRA

This scrip came near to the first support but did not hit the target.

RELIANCE

This scrip hit the support levels in the opening itself so there is scope for trade.As it completed the gap created on 18/05/09 it bounced back from 1950 levels.

TATASTEEL

This scrip came near the first support but did not hit the target.

MY VIEW

Today market had a gap down opening and also faded today itself.Even though US market ended in deep red our market did not reacted much.There is still weakness.Let’s watch tomorrow trade.

MARKET VIEW FOR WEDNESDAY

Bad monsoon, deflation, slow growth are fundamental weakness which is not still addressed.Technically in the price chart I could not see bullish pattern to my knowledge I feel tomorrow will be mixed day. Thursday is contract expiry day and nifty support level 4214 has been broke, so we must be careful.Let’s watch what happens tomorrow.

Myself I am not clear about the direction so I give long term investment call.

LONG TERM INVESTMENT CALL

STERLITE

We can invest partly tomorrow say 20% of your investment money.Technically it has good potential for up move and as infra spending is the priority in the budget steel this scrip will be benefited. If market moves downward buy this scrip at any level.
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