Short covering helped Indian market and added 359 points on Sensex at close.
It was a fantastic session for Indian equities and was a continuation of up trend for the second consecutive day after a deep cut seen in previous five days.
Reliance Industries, Bharti, SBI, DLF, L&T and BHEL pulled the Nifty above 5500 - an important psychological level.
Yes bank and Axis bank, the 2 shares I advised to buy 2 days before showed a spectacular rise.
Tomorrow is Friday so I expect there is a negative trend in the market.
Dhanlaxmi Bank is one of the shares I prefer for tomorrow.
Today it closed Rs.7.65 up in Rs.105.75. So Buy Dhanlaxmi bank in the range 99-102 and sell in the range 105-110
If you are holding the share for at least one year, I expect 30% to 40% profit. Because it gone above Rs.200.
But do not take much risk in this condition. Sell when you get 10% to 12% profit.
The share picks for the next week will be published soon.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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