Free Indian Stock Tips

1. Indian share market likely action:Sensex lost in half hour of the market due to oil price hike meet tomorrow and GDP data announcement. Nifty is likely to consolidate around 4500-4600 and Sensex around 15600-15800. presently no positive trigger is visible. Important triggers in days to come can be fuel price hike.Be prepared to see volatility in the market.

2. Strategy for traders: Do not take long exposures at higher levels. Book profits in day trades by using profit booking technique.Long calls can be taken if Sensex hits 15300-15800 or below and on the higher side if Sensex moves above 17300.

3. Recap for yesterday trading tips recommended on the blog:ACC gave a profit of Rs 1400, TCS gave a profit of Rs 1200, Cairn gave a profit of rs 800, NTPC gave a profit of Rs 250 and Satyam computers gave a profit of Rs 1900

4. Strong Future Stocks

Chambal Fertilisers
JSW Steel
Lupin
Tata Chemicals
National Aluminium
Satyam
Aban
SCI
IFCI
GE Ship

5. Weak Future Stocks

Peninsula Land
India Info
Voltas
Unitech
Ansal Infra
IOB
India Bank
Patel Engg
HCC
GDL

6. Free daily online profitable tips for Indian stock market for day trading:

Buy ACC>662,678,701 sl 656
Buy CAIRN>291.1,295,299,304 sl 287.5
Buy NTPC>173.1,177,183 sl 169.5'
Buy satyam>525.1,533,542 sl 518.9
Buy PFC>136.1,139,144 sl 133.8

Daily Market Outlook : 30th May 2008 (Friday)

Market volatility caught up with the market in the last one hour and the market gave up all its gains and took support at Nifty-4801. Market is certainly feeling uncomfortable because of the uncertainity regarding the fuel price hike.

Please check out yesterdays performance TCS, Tata Chem, Educomp, Neyvelli Lignite, I-Flex, Bharti did exceedingly well. But the Star was RCOM, which reached both higher targets. Yesterday we asked our clients to buy RCOM 560 CALL at Rs.2.50, which went up by astonishing 1000% in a day...to Rs 25. Three cheers to our clients !!!

Market will face selling pressure at higher levels, so use any rally to exit and not to build long positions.

Sensex Resistance 16411-16492-16588-16634. Support 16196-16076-15869.

Nifty Resistance 4867-4891-4929-4947. Support 4801-4767-4747.

Premium Market

Latest Grey Market Premium Dt. 30-5-2008

Company Name	Offer Price (Rs.)	Premium (Rs.)	Kostak (Rs. 1 Lac.)
Gokul Refoils	195	12 to 15	---
Anus Laboratories	210	35 to 37	--
Niraj Cement	175 to 190	15 to 17	1700 to 1800
Bafna Pharmaceutical	40 (Fixed Price)	12 to 15	2000 to 2200
Avon Weighin	10 (Fixed Price)	--	--

Premium Market

Public Issues (IPO) Dt.: 30-5-2008

Company Name	Open Date	Close Date	Issue Size	Offer Price	Rating	Recomm.
Niraj Cement Structural Ltd. (Book Building)	26-2-08	30-5-08	32,50,000 Shares (Rs. 61.75 Cr.)	175 to 190	36 %	Avoid
Bafna Pharmaceuticals (Fixed Price)	27-5-08	30-5-08	64 Lac Shares (Rs. 25.60 Cr.)	Rs. 40/- (Fixed Price)	40 %	High Risk High Return
Avon Weighin Systems Ltd. (Fixed Price)	9-6-08	12-6-08	1,37,33,033 (Rs. 1373.30 Lacs)	Rs. 10/-	--	--

Technical Share

Company Name	Recomm.	CMP
SBI	Buy		1463.00
Reliance Comm.	Buy		573.20
L & T	Buy		2889.10
Satyam	Buy		526.25
Wipro	Buy		512.50
Sterlite Ind.	Buy		909.20
Aptech	Buy		230.00
Praj Ind.	Sell		184.55
Deccan Avaitation	Sell		118.00
Tata Motors	Sell		582.00
ICICI Bank	Sell		797.30
HDFC Bank	Sell		1324.40
Suzlon Energy	Sell		275.00
HPCL	Sell		249.50
IOC	Sell		420.70
NTPC	Sell		171.40

Fantastic Performance of our Above Recommendations:

(From Intra day High Rate)

Ipca Labs (+9), ITC Ltd. (+2), Reliance Communication (+5),

Axis Bank (+7), HPCL (+5), Sterlite Ind. (+4), HDFC (+9), PNB (+18),

Renuka Sugar (+3), Balrampur Chini (+4)

Share Market Tips

Company Name	Rec.	CMP	Stoploss	Target Price
Tata Chem	Buy	409	401	420 to 430
L & T	Buy	2882	2815	2929 to 3014
Matrix Labs	Buy	187	180	195 to 204
IFCI	Buy	62	59	66 to 71
Guj. Alkalies	Buy	189	185	195 to 197
Educomp	Buy	4059	4000	4115 to 4153
Bhushan Steel	Buy	834	807	870 to 893
McDowell	Buy	1632	1589	1660 to 1673
HCL Techno	Buy	309	305	314 to 319
Cipla	Buy	213	208	220 to 224
Spice Tele	Buy	54	53	57 to 60
Suvel Life Science	Buy	38	36	41 to 44

Company Name	Recomm.	CMP	Stoploss	Target Price
NIFTY	Buy	4850	4802	4897 to 4930
RNRL	Buy	103.5	98	108.5 to 111
RPL	Buy	177.5	172.5	181 to 188
ICICI	Buy	796	783	808 to 823
NEYVELI LIGNITE	Buy	144	140	149 to 155

Review the US econonmy

1. The optimism is stemming in US economy by virtue of the statement of Former Federal Reserve chairman Greenspan who says that chances of recession in U.S. has receded but it still remains above 50% and also states that probability of a severe recession has come down markedly.

2. Greenspan estimates that house prices is likely to fall by more than 10 percent from their February levels.ar