Free Indian Stock Tips - 27-May-2008

1. Recap: Uttam steel and Tech Mahindra did not reach entry price setup for trade to be executed and PFC gave a profit of Rs 300.

2. Indian stock market direction tips: As suggested market broke and we know that this week is a F&O week. If Nifty continously remains below 4866 than the Nifty can break to the levels of 4782-4769 and now one can say that one is on the verge of entering into an intermediate bear market. We can say that now Nifty has entered in down trend. However one may see a bounce back if Nifty hits 4782 level as it is a strong support. Sensex 16300 is an important support and if broken one can see the Sensex touching the levels 16265,16184 and can even go the extent of falling to the level of 15500 level.

3. Strong Future Stocks

JSW Steel
National Aluminum
Lupin
SCI
Cairn
Dr Reddy
Glaxo
Infosys
Aban LLyod
Tata Cem

4. Weak Future Stocks

Ultra Cement
Air Deccan
Voltas
PFC
Patel Engg
Bajaj Hind
JP Asso
India Info
GMR Infra
Kotak Bank

5. Profitable Sell signals for Indian stocks for day trading

Buy Bank of India > 322.1,327,333 sl 318.8
Sell Neyveli Lignite<139.8,137.3,132
Buy Bak of Rajasthan>117.1,119.8,122,128 sl 113.1