Commodity-related shares rose with a slump in the dollar. The main catalyst is weakness in the dollar, which has helped propel energy, basic materials and industrial stocks higher in early trading. Look for the following stocks either in cash mkt, future or option. These stocks can help you gain in short term.....
- Tata Steel
- Tata Motors
- Infosys
During last few days there were many readers/traders asking me, Is this the start of a new Bear market Or just a typical correction? To be very frank, there was no clear answer so far but now all of my short-term indicators are telling me that we are approaching the end of this stock market correction. Although we may not be there yet, we are close. So, if you want to trade in Nifty only then take the following position....
- Buy Nifty Future at CMP with stoploss at 4700; target 5000 in next few days.
- Buy Nifty 4900 Call option & hold it till expiry.
- JK, Lead Associate, SLT
