Indian Stock markets may continue Bear run

Indian Stock Markets may continue their downfall on Monday also. No significant positive news from global markets may trigger another fall today. Nifty may lose around 60-70 points. We may see some buying in the evening session as some good stocks may available at attractive values.

Asian Stock Markets:

All the Asian markets are in downward trend due to growth concerns in US and Chinese economies.

Stock Picks for Day Traders:

IFCI and Aurobindo pharma

Day Trader Stock news:

1. Aurobindo Pharma got approval for Metformin in South African market.
2. Parsvnath to replace Visualsoft in S&P CNX 500 Index from today.
3. Stay away from ICICI Bank.
4. GMR Infra plans to set up an Aviation SEZ in Hyderabad.
5. Bharti signed an agreement to build the first high bandwidth optical fiber submarine cable system.
6. India Bulls real estate may gain due to results sentiment (but not in early trading).
7. Mind Tree may see high volumes due to its results.
8. JSW Steel may fall 2%-4%.

Economic Times Stocks of the Week:

Reliance Industries, Grasim, Maruti and Yes Bank for this week and Sesa Goa for long term.

ICICI Direct stock of the Week:

Bongaigaon Refinery & Petrochemicals Ltd.

It is better for investors to follow wait and watch game as Markets are in volatile phase.