Be selective in your buying


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Market is started to show some life. But be selective in your buying. Nifty may move another 150 points forward within the F&O closing. The advice for Nifty trader is go short at sudden 100 point upward movement and buy when market falls from the top. No buy and hold strategy for Nifty traders. Lots of stocks started to move up. Our picks of ICICI Bank and Axis bank also moved a lot. We recommend both the stocks for long term. The latest addition to this list is Cairn India. This company has enormous potential and one day it may be taken over by Reliance.

Momentum Stocks ( High risk and High return category )

Aban Offshore Ltd, Deccan Chronicle Holdings Ltd, Reliance Communications Ltd, Wire and Wireless (India) Ltd, Tata Teleservices (Maharashtra) Ltd

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