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Indian Equity Share Trading Market gained one percent amid , following a jump in European Markets.
Heqvyweights #TCS, Reliance industries, Bharti Airtel and #ICICI Bank rallied 2-3percent .
#ONGC, #ITC, #Infosys, #NTPC, #WIPRO, #TATA MOTORS, #BAJAJ auto & Axis bank gained 1-2 percent.
JINDAL STEEL remained in its top Position in the buying list, ralling nearly 5 percent.
However, Coal India, Tata Steel, Maruti Suzuki and Sesa Goa were biggest losers, falling 3-4%. DLF and Sterlite Industries were down 1-1.8%.
People have to be very careful while investing, downside is not completely ruled out in share tarding. It is advisable to stay withthe direction but downside in not completed eleminated or ignored.so its important to make conservative bets then aggresive calls.
People can't rule out the political uncertainities which is acting as a major negative sentiments for FII to come and trade comfortable in India.
I would rather advise conservative Large Cap bets especially in FMCG and Pharma stocks than aggressive bets. Please make appropriate hedges to your portfolio if you are long and I have a distinct model to predict the trends using Open Interest.
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