Square off long positions.Trend is BEARISH.

Asian Market shows down Trend.Oil price above $144/bbl.


National Aluminium, Maruti and HPCL may decline.

Sensex Today

US Market ends upwards. Asian market show mixed trend.
Indian market is likely to be volatile. expect BGR , RIL and IT stocks may survive the bearish move.Airlines stocks look bearish due to hike in ATF price.

Bearish Trend

India's Trade deficit, External debt as well as Inflation rate have steeply increased.High oil price to cost India $60 billion.
So be cautious of continuance of BEARISHH TREND in general during this entire week.

Inflation -highest of last 13 years

INFLATION reached 11.42 and oil price $139. Hence Banks,Real Estate ,oil companies etc; will have BEARISH trend. Cairne India will be BULLISH. OIL PRICE IS EXPECTED TO GO UP FURTHER. IF SO PRICE OF CAIRNE ALSO WILL GO UP,ESPECIALLY BECAUSE OF THE POSITIVE NEWS ABOUT THE SPEEDY LAYING OF THE PIPELINE

IT,Fertilizer & Bank stocks move up.
Power,Auto & Real Estate stocks moves down.
Keep the above aspects in mind while doing Day trading

Today at 13.33hrs

Govt decided to link Phosphorous & Potash to IPP
Also incentive for producing DAP as an end product.
The above steps are positive for FERTILIZER Companies.
BUY,BUY Chambal,Deepak , & Madrass Fertilizers.

Ghcl enters in to joint venture in a big way.scrip moves up.
Mindas also go for joint venture.