Free Indian Stock Day Trading Tips : 31- Jan - 2008

Daily Stock Watch ::

1. Recap: RCOM gave a profit of Rs 26/-, GMR Infra gave a profit of Rs 3.5/-, Infosys gave a profit of rs 11/- and Bank of India did not reach the entry price.

2. Indian Stock market Direction Free Tips: Market in a range bound territory. US Fed rate and derivatives expiry to determine the exact trend of the market. Till than market to trade in a narrow trading range Nifty 5000-5400.

3. Stock market Diary:The market had a lot to digest today - poor global cues ahead of tonight's US Fed meet, F&O expiry session and RBI's unchanged policy yesterday - and ended weak. The European markets too were weighed down due to subprime fears. Sensex closed at 17758, down 333 points and Nifty at 5167, down 113 points from the previous close. The CNX Midcaps Index was down 2.4% and BSE Smallcaps Index was down 2.2%. The BSE Oil& Gas Index was down 4.4%. The market breadth was negative with advances at 261 against declines of 949 on the NSE. Top Nifty gainers included BHEL, SAIL, Tata Steel and ACC while losers included Suzlon, RPL, Reliance Energy and ONGC.

4. Strong Future Stocks

Karnataka Bank
Sterling Bio
PNB
Indian Bank
Hero Honda
Tata Tea
HDFC
Shree Cem
Sun Pharma
UBI

5. Weak Future Stocks

Escorts
MRPL
Strides Arco
TVS
Arvind Mills
Chambal Fert
Neyveli
Nagarjuna fert
JPAsso
Peninsula Land

6. Free Indian Stock Day Trading Tips:

Buy ONGC>996,999,1032,1096 sl 988 (Stock can be held as delivery)
Buy ITC>201.5,209 sl 198.8
Buy GMR Infra>180.2,186,195 sl 176
Buy Infosys.1493.1,1512,1530 sl 1488