Stock Market on Monday....

             The Indian Stock Market suffered a huge selling pressure whole week.The week ended with a days positive indices,but overall Sensex was in the negative zone.Nifty also slipped down,it was RELIANCE and ICICI Bank,which managed to pull the index upside on fridays trading session.

    As the credit policy of Reserve Bank of India is to be reviewed on 16th of this month,it is most likely that the interest rates can be increased with some basis points.The exhange is likely to repull from the lower levels,a fresh buying is expected to come on monday.FII and DII activities are also going for a fresh buy.The market is more stock specific rather than sector specific.The stocks recommended by me are moving strong towards their target.If not able to enter look for the small correction in the market and then enter as given in my previous blog.

Recommendation:
Punjab and Sind Bank IPO is a must buy for atleast 10% returns on the day of listing.