1st day of new month was wonderfull. No one expected such type of rally.On Friday Indain Market closed on a very strong note with the gain of almost 2 % in a single day. The rally is mostly driven by hefty buying from institutional investors and almost all sectors contributed in the rally. Sectors that have performed extra ordinarily include metals and auto. Sensex closed at 20445, up 375 points while Nifty closed at 6143, up 113 points. Market breadth was positive with advance-decline ratio stands at 970:315.
I want to tell one thing to everyone always go with trend & always trade with Stop loss. I have seen many people that after hiting Stoploss they are keep on holding their stocks in a hope, never trade in hope when stop loss hit exit from the stock.Stocks are not your friend or releative, alway go with trend . Hope & Fear are two Enemy of trader.Its general tendency that people are holding stocks in loss. Remember one thing that if your not book small loss then you have book mother of loss.
Next Day Trading Session:
Market has closed on a very bullish note. Traders are suggested to stay long; however, 6060 may act as a strong supportlevel. BANKING, CAPITAL GOODS, METALS and AUTO may continue the run.
Stocks For watch:
Axis bank: Stock has given nice movement on friday.Trader can buy stock 1585 With SL of 1570 tgt 1605-1620.
BajajAuto:Stocks has nice movement one can buy around 1538-1545 with sl of 1495 tgt 1625-1650 in near term.
Gitanjali Gems: Stock making flag formation trader can buy above 252-253 if cross with volumn than give smart movement.
Havels India Ltd:Trader watch this counter on friday its has given nice movement above 835 it can give nice movement.
Kotak bank: Stock making flag formation trader can buy this stock above 506 if it cross with volumn or sustain above 506 can give nice jump in intraday also.
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