Trend shall be neutral for the day. From next day and up-to Wednesday, trend shall remain positive. On Thursday, after UK opening, trend shall reverse. On Friday, a sharp fall is expected. <<DETAILED VIEW:: ONLY FOR MEMBERS>>
Global Stock Indices
Stocks shall be positive for this week. US market is expected to trade neutral to positive.
For next day as well, global equities shall be positive. Today, the trend in market is somewhat neutral or uncertain.
On 5th and 6th, positive trend is expected. For 7th, volatile to uncertain trend is predicted. US market may witness weakness. On 8th, trend shall again be positive. If market drops any time in this week, it’ll again move up. So you are advised to maintain “BUY ON DIPS”.
Next day and up to 7th May, it is the SCORPIO Moon. Intraday traders are advised to be alert around this time in any kind of market.
INDIAN STOCK MARKET
Trend may be weak for the day but overall this week is positive. Your strategy should be to “buy on dips”. First half of day shall be positive but in second half, profit booking may be observed. For next day, positive trend is expected.
On 7th, volatile / uncertain trend may be observed.
On 8th, gap down opening may be observed which will be followed by positive trend.
On 11th as well, trend shall be positive.
BUY ON DIPS (FOR THIS WEEK):
– BHARAT FORGE – MARUTI – TATA MOTORS – ASHOK LEYLAND – SBI – ICICI BANK – RANBAXY – AUROBINDO PHARMA – SUN PHARMA – ASIAN PAINTS – JUBILANT FOOD