09.03.09 Indian stock market discussion

@skyblue (1300)
India
March 8, 2009 3:36pm CST
Indian markets closed in green on friday after week openings mainly led by short covering and postive cues from European markets.Buying was seen in IT,Oil & Gas,Capital goods stocks where as FMCG,Reality stocks were under pressure.On Monday,Markets might open in green mainly due to positive cues from US markets and there might be short covering which might lead markets higher.One could buy at lower level and sell at higher levels as markets are in oversold zone.Here some tips for intraday trading on mondays SHORT STERLITE wid S/L 259(closing) tgt 237-217 BUY Cairn India Stop Loss 152 Target 175 BUY Reliance Capital Stop Loss 260 Target 355 BUY GVK Power & Infrastructure Stop Loss 17.50 Target 24 Any one can post their views... Thanks
1 response
@Archie0 (4669)
8 Mar 09
well i dont yet trade but as you made the highlight yes markets did close down on a green signal..yesterday it did too. but what i find that markets are green not at very good level the markets are way down this month.. i think ofcourse tomoro markets going to open with a green signal but mostly it will close with a red one as i see high price for fules again. i am just a starter to read the markets as a student of finance.in first year well thanks for taking such topics where i can know somethings atleast
@skyblue (1300)
• India
8 Mar 09
You are right.But market may any time go up side.Not major up side expected but 2750 level expected.I think so.Thanks for responding..