Happy trade. We had a very volatile session for Indian market on 19/01/2011 . Indian market although opened on a stable note, lost its momentum and on the back of profit booking, ended in negative .
European markets traded negative today and DAX, FTSE and CAC ended with red signs. Dow Jones and Nasdaq too are trading in negative territory.
I expect Indian market to open negative tomorrow on 20/01/2011 and there will be some buying opportunity on tomorrow and 21/01/2011. Buy Power grid corporation of India and Suzlon on little fall.
I also add Triveni Engineering in my list and buy it around Rs. 92-93 for a short time target of Rs. 100.
I advise you to buy tomorrow in last hour of trade only and if tomorrow again European markets showed some negative sentiments, wait till 21/01/2011 for any buying opportunity.
Good luck and happy trade
Lalit Kumar
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