Indian Markets: Upgraded but still Synchronized

Indian stock markets rallied from lows of Sensex 8000 levels to 12000 levels followed by a thin volume jump of 2000 points on the back of positive verdict of Indian public on the Political front. And now that markets is gradually sustaining above Sensex 14000 levels, it can be termed as up gradation of position of India on the global map more so on the back of positive and stable outlook on the Political front.

But, that does not mean that Indian stock markets may have 'decoupled' from global markets. India still remains in sync with global momentum and trend. The benchmark indices of Indian markets still moves in sync with positive global momentum. Likewise, when the ongoing positive global momentum receives a jolt, it would be difficult for India to shrug-off the trend beyond a point.

However, we can say that there is, indeed, an up gradation on Indian fundamentals amongst the Emerging market clutch. And this we will see when global markets correct, that Indian indices will enjoy an up gradation to the extent of Sensex 2000-3000 points (even when there is correction) on the back of reform-oriented and disinvestment-led stable government on the Centre for next 5 years led by UPA.

Call Dated: June 04, 2009
Short-Term Trade: (Strictly for High Risk Traders)

Buy Educomp (CMP Rs.2950)
Buy Around Rs.2800-3000
Target: Rs.3330-3530-3700
Stop Loss (SL): Rs.2740-2585
This trade is recommended strictly for High risk Traders.
The second stop loss of Rs.2585 is for those traders who can bear deeper SL.

Disclaimer: All data, content and/or reports posted by Viral Rajnikant Dholakia on this site are only for information and educational purpose of visitor/readers of this blog. It does not constitute to be a recommendation/offer/advice to buy or sell assets/securities in any form. Individuals/organizations are requested to take an informed call by consulting their Financial Advisor before acting on any matter/data published on this blog. This blog does not warrant of any kind of accuracy, adequacy and completeness of data, ideas or thoughts published in it. This site and Viral Rajnikant Dholakia assumes no responsibility or liability or loss or damage of any kind/nature for your trading and investment decisions and its consequent results.