The markets rallied high but ended with normal gains today (the budget day).
Am not getting into much the details on the budget here. A major news is letting FIIs invest directly in SEBI regulated mutual funds. (This might have led to the euphoria in the markets in the morning )
Technically the markets are due for a small upside in the days to come.
The 200 DMA at 18800 needs to be crossed in the coming 2 weeks for any upward momentum to continue.
On individual stocks, those given in the link below are perfect to take position into.
http://thefallingwedge.blogspot.com/2011/02/some-stock-picks-to-be-watched-after.html
Am not getting into much the details on the budget here. A major news is letting FIIs invest directly in SEBI regulated mutual funds. (This might have led to the euphoria in the markets in the morning )
Technically the markets are due for a small upside in the days to come.
The 200 DMA at 18800 needs to be crossed in the coming 2 weeks for any upward momentum to continue.
On individual stocks, those given in the link below are perfect to take position into.
http://thefallingwedge.blogspot.com/2011/02/some-stock-picks-to-be-watched-after.html
All except ITC. The stock has moved up substantially after observation of divergence before the budget
(Up 8%. It has crossed the 200 DMA support but might see some profit booking at these levels. It should be watched if it sustains above 162 levels.)
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