Indian stock markets will crash on black Friday

Today is going to be black Friday for Indian equity investors. Negative triggers will propel Share Markets and investors into panic state. US economy growth concerns will add fuel to the fire. All the global markets and Asian markets suffered heavy losses.

Negative triggers:

1. US economy concerns. Growth may slow down.
2. Fall in Asian Markets and US markets. European shares fell yesterday.
3. Uttar Pradesh election results and Congress dismal performance.
4. All the Indian ADRs suffered heavy losses yesterday.
5. Increase in crude price.
6. Decrease in metal prices.

Significant Events:

1. Inflation rate. It may be around 5.7%
2. Teledata gained yesterday after the battering for the last 10 days. In my opinion, it is still a safe bet for long term investors.
3. Bajaj Auto to consider demerger on May 17.

Advice for Day Traders:

1. If any good stock suffers more than expected loss in early trade, trade in that stock to get good returns in the afternoon recovery.
2. Infosys may gain due to weakening rupee.

Best Stock picks for the Day Traders: (Invest at your own risk)

1. Asian Paints:
CMP: 782
Target: 791
Stop Loss: 770
Wonderful Q4 performance. Net profit trebled due to increase in sales. Sales rose almost 30% in Q4.

2. Moser Baer:
CMP: 372
Target: 379
Stop Loss: 364
It acquired rights for 700 movies.

3. Infosys:
CMP: 1974
Target: 1996
Stop Loss: 1955
Rise in Dollar against rupee.

4. Reliance Communication: (With high Risk)
CMP: 464
Target: 470
Stop Loss: 458
Reliance Communications sold 1 million handsets within one week of Rs. 777 mobile launch.

5. Maruti Udyog- Government sold its stake in Maruti.
6. Larsen& Toubro - It may bid for Bofors.
7. IT Stocks may gain due to rupee fall against Dollar

Stay Away from following stocks:

1. Today is black Friday. It is better to stay away from Indian share markets.
2. Metal Stocks: Copper fell on 3rd consecutive day.
3. Stay away from Finolex Cables. Worst results.
4. Stay away from Hero Honda.