Markets are in negative zone

Indian stock markets are in the crucial period with slow down in US economy, rising crude price and appreciation of rupee against dollar will make markets continue to spiral downwards. Market operators may try to give positive edge but that is not sustainable. Stay away from markets until these wild moments stopped.

Market moments: Bearish.
NSE Nifty may trade in the range of 4095- 4120 while BSE Sensex may trade in the range 13,920-14,050.

Significant news:
1. ICICI Bank FPO opens today.

Stock Investment advice:
1. Stay away from IT, BPO and Textile stocks as rupee will continue to appreciate.
2. Stay away from Banking and Automotive stocks as rate hike is necessary.
3. Don’t believe in the ambitious statements by Textile minister. Even though volumes may rise, margins will suffer.

Positive Stock News:

1. Wipro will acquire IT arm of a major German company.
2. Reliance Communications will form JV with Accenture to maintain IT Infrastructure and services.
3. BHEL bagged Rs 139 crore order from NTPC.
4. Shareholders of Indoco remedies agreed merger proposal.
5. TRF and HCL got big orders.

Negative stock news:

1. Spicejet denied stake sale. But I believe in the rumours. Consolidation is healthy for Aviation industry.
2. Punjab National Bank dropped equity offer plan.
3. Oil price is at 9 year high. No hike in petrol and Diesel prices in India. Stay away from oil refining companies.
4. ABG Shipyard failed to announce inspiring results.

Results today:
SREI Infrastructure, Cambridge Solutions and Indian hotels.
I am advising investors to stay away from these extremely volatile markets for some more time. I will recommend any stocks.