FREE INDIA STOCK MARKET TIPS:04 Feb

Daily Market News & Analysis

1. Recap: ONGC gave a profit of Rs 56, GMR Infra gave a profit of Rs 5.5 and Infosys gave a profit of Rs 115/- for every share bought.

2. BSE & NSE Stock Market Trend: Nifty has to trade above 5400 for bull trend to prevail.

3. Strong Future Stocks:
Infosys
Karnataka Bank
Maruti
Hero Honda
Satyam
HDFC
TCS
Indian Bank
Sun Pharma
Telco

4. Weak Future Stocks

Lanco Infra
Parsvanth
Escorts
TVS
Arvind Mills
Strides Arco
Neyveli
Nagarjuna fert
JPAsso
Aurobindo Pharma

5. Free Indian Stock Tips for Day Trading:

Buy Tata Motors>760.1,773,793 sl 753
Buy Tata Steel>781.1,792,808 sl 776

: Daily Market Outlook : 1st February, 2008 (Friday)

INSPITE OF SO MUCH VOLATILITY, MARKET EXACTLY TOOK SUPPORT AT OUR LEVEL....JUST CHECK NIFTY TOUCHED 5071 AND REBOUNDED..SO MUCH FOR PRECISION. ALSO NICHOLAS, ZEE AND REI AGRO REACHED THEIR RESP TGTS.


MARKET WAS VERY CHOPPY DUE TO THE F&O EXPIRY. NOW THE MARKET IS VERY LIGHT AND THE COST OF CARRY IS LOW AND HENCE THE MARKET WILL MOVE VERY FAST IN EITHER DIRECTION. CHANCES ARE MARKET WILL MOVE UPTO 5400-5550. KEEP STOP LOSS OF 5070 TO ALL YOUR LONG POSTIONS.

SENSEX RESISTANCE AT 18033-18491-18670-18930. SUPPORT AT 17571-17422-16951.

NIFTY RESISTANCE AT 5257-5360-5403-5550. SUPPORT AT 5116-5070-4910.

Wockhardt IPO: First Calamity of Global Meltdown

1. The Wockhardt Hospitals IPO was to open on January 31 and is to close on February 5, However IPO has not opened yet.

2. The company has reduced its price band to Rs 225-260 from Rs 280-310 per share, for which it still has not got regulatory nod.

Premium Market

Emaar MGF & Wockhardt Hospital Cuts price Band

(1) Emaar MGF has revised price band from 610/690 to 540/630

(2) Wockhardt hospital has revised price band from 280/310 to 225/260

IPO Allotment

(1) Future Capital: 8 shares to 6 : 19 (Applied for 128 Shares)

(2) Reliance power 15 shares may be allotted against applied for 225 shares

New Public Issue (IPO)