Free Indian Stock Tips - 22-May-2008

1. Recap Previous day recommended day trading tips at the blog:Sell recommendation for Sesa Goa gave a profit of Rs 3500, Reliance communications gave a profit of rs 580, ITC gave a profit of Rs 440 and GMR Infrastructure did not reach the recommended entry price set up and thus the trade could not be executed. Nonetheless one can use this strategy as and when the stock starts trading near the recommended level.

2. Track Nifty, the stock of Nation: Support for Nifty exists at 5070-5040 and resistance to the up move for Nifty exists at 5255-5400.


3. Strong Future Stocks

JSW Steel
Cairn
Chambal Fertilisers
LITL
Praj Industries
Lupin
National Aluminium
SCI
GE Shipping
Tata Chem

4. Weak Future Stocks

PFC
Voltas
Shree Cements
GAIL
IOC
ONGC
ACC
ABB
Crompton Greaves
Dabur

5. Free Indian shares tips:

Buy Noida toll>51.1,55 sl 49.5
Buy Triveni Engg>129.1,131.6 sl 127.8
Buy Bharat forge>308.1,314 sl 303.8
Buy ICICI bank>916.1,921,932 sl 909
Buy Hind Oil exploration>156.75,160,166 sl 154

6. Futures and Options Strategy: Presently state of market is such that it can go either direction though technical indicators are showing a bias towards down side and thus straddle 5000 Nifty is the best bet. Better undertake options exposure than futures due to limited risk attached to it.