Yesterday Nifty is technical bounce back becuase of Over sold condition, But market trend is negative, FII money going out.
If you take any example stock will go up and correct same day..this is speculation pise go high...people will get trap & at high profit booking is happening.
Better try to catch high level and short the stocks. You can see many stock are going down, many are below 200 Day MA.
Think twice before position.
I suggest some good stocks for 6 months 1 year prospective.
Symphony Ltd CMP 1381 target 2500 . Very good Fundamental... I was bought at 400 Rs in July 2010.
Gitanjali Gems target of 450 Rs in 1 year
Tata Coffee target of 1800 Rs now CMP 818.
M & M target 1500 buy at correction.
TTK Prestiage Target 4000 CMP 2200.
Buy CEAT at correction with Target of 1500 for long term.