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Sunday, 10 February 2013

Which Stocks to trade next week ?

As indicated in my Nifty Weekly Analysis, market is likely to be weak next week. Not many sectors are showing a positive momemtum.
Overall market mood is bearish, so I would like to go for shorts next week.
Negative Sectors:

Pharma – Showing negative movement. Most of the stocks Cipla, Lupin and Ranbaxy are negative in daily charts
Banking – Key stocks – SBI, ICICI Bank etc are negative.
Auto – Hero Honda, Maruti negative.
Cement – ACC to continue downslide
To see my earlier trades on Cipla and Hero Honda click here
Positive Sectors:
IT – Wipro looks positive.

I recommend following for next week. Please trade based on the market mood.
Long – Wipro
Short – Cipla, ACC, Hero Honda



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