Market would give thumbs up to the Dr.Manmohan Singh verdict on Monday morning with Nifty is expected to Open with a Gap Up of 8-9% straight away but what would be important to see is whether Nifty would be able to sustain around 3970-4000 and if it sustains then we are heading towards 4200-4250 on Nifty.

Shorting is strictly not advised for positional trades although for intraday it can be done but with a strict stop loss. The sectors to watch out in immediate short term would be from Banking, Telecom, Insurance, Realty and Infrastructure. Following would be my top picks in various sectors.

Banking: IDFC, ICICIBANK, SBIN, ANDHRA Bank, & UCO Bank.

Telecom: RCOM, IDEA, BHARTIARTL

Insurance: BAJAJFINSV

Reality: DLF, UNITECH, IBREALEST, HDIL & SHOBHADEV.

So be ready for another exciting week ahead and if you missed out then catch the coming rally but don’t forget to put stop loss in every trade that you do.

This entry was posted on Saturday, May 16th, 2009 at 6:27 pm and is filed under Outlook Ahead. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.