Dear Members,
On Tuesday Indian market performed very well as predicted. Bank Nifty also moved further higher as predicted.
Tuesday's negative closing of Wall-street may put some pressure but we still don’t see a negative trend in Indian market so be aware, don’t short Indian market, don’t book profit in our favorite stocks, in fact buying is recommended on lower sides so be aware of any short trade.
Don’t listen to market noise or expect those who recommend shorting the market because that will make you miss a great money-making opportunity by remaining on the bullish side. Our stocks recommendations are doing amazingly well and still we recommend holding long positions in our recommended stocks in Pharma, Chemical and technical.
Stay long in nifty, Chemical stocks, Pharma stocks, and Tech stocks. Nifty may test 11775 and bank Nifty 23411 levels as mentioned in this week newsletter so keep this level in mind. So far Nifty and Nifty traded well as predicted on Monday and Tuesday. Today Nifty may hold 11611 and higher side 11721, watch our daily ranges of stocks, Nifty and Bank Nifty. Buy Advance Enzyme, Ramco System, Transpek ind and Camline.
Most of our recommended stocks performed well, and will perform well, take long positions in the market around lower sides on Wednesday as Thursday and Friday could be positive day for the market as predicted in this week's weekly newsletter.
Metals traded negative this week as predicted so far, oil to remain the narrow trading ranges and watch Rupee closely as mentioned in this week weekly newsletter. Grains are on fire so watch closely and book some profit today.
Our buying recommendations remain same of below mentioned stocks, in fact but more positions in Pharma, tech and Chemical stocks.
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Thanks & God Bless
Mahendra Sharma