The Indian Stock market both NSE and BSE has very bad session this week with markets falling more than 2% and many stocks have fallen five to ten percent. The global market especially European markets have been beaten sharply. And on Friday European stocks DAX, CAC and FTSE were down more than two percent but US market recovered from their days low and closed almost flat. Which shows that US is in the mode of progression and Dow and Nasdaq will move higher in days to come.
So what we can conclude from this. Our own Indian Stock market , shall see gap down opening on Monday and will recover from days low and for the week we can see market moving up around 2-3%.
So what stock should be on our radar. Q4 Result will start flowing from next week.
Buy Hind Uni Lvr ( HUL ) ( Cmp 470 ) for the target of 490 next week.
Sell HCL Tech For target of 720 Cmp 758
Buy R Com for target of 72 Cmp 63
Buy dish Tv for target of 77 Cmp 70
Sell Hexware for target of 87 Cmp 91
