Macroeconomic indicator:

1.      DOW good 150+ on Friday amidst plenty of good news on recovery – Bernanke statements etc.

2.      Nikkei has added 3+% in early trade on US home sale data and with concrete signs that recovery is gaining broad base strength.

3.      India rallied on Friday led by front liners on good global cue.

 

Although news coming out of China continues to be dampener but we believe there is bit of rise left in market before it correct. Prime Minister has asked Ambani brothers to settle it up is a welcome gesture to ease tensions.

 

We are close to expiry of August series so better we start watching trend of rollovers from today itself.

 

A)   Nifty 50 Index

 

Buy- Current levels – 4530

Sell- 4572

Stop loss – 4518

Target – 4598 (Daily chart)

 

 

Stock Specific Futures:

 

            Avoid stock futures for the day..

 

Margin Trading:

 

Same as stock specific futures.

 

Investment tips for today.

 

Start acquiring capital goods (ABB, BHEL, L&T), Auto (Maruti), Steel (SAIL), Power (NTPC), IT (TCS, Infosys), Bank (SBI, PNB), Reliance, RPL, Airtel, Cement (GACL, Ultratech) at lower levels. Take preferred midcaps stocks like TTML, Idea Cellular, IFCI, Satyam, Reliance Energy, RNRL at lower levels as well.