1. Recap:BHEL, GMR Infra and Cairn did not reach the entry price. Only stock which reached the entry price was Bombay dyeing which gave a profit of Rs 1600 for every humdred shares purchased.
2. NSE and BSE Update: One can describe the current dip in the market as a result of profit booking. A technical recovery can not be ruled out and one can see the Sensex touching 18200 odd levels. Technically Nifty has given a signal that one should avoid going long. Nifty 5036 and 4950 levels are important levels and their break means that down swing upto 4667 Nifty levels may be seen. So far during the day market breadth has been negative with advances at 396 against declines of 825 on the NSE. Nifty stocks in news were Tata Communications, Idea and Tata Steel while losers included ITC, Satyams and ICICI Bank.
3. Strong Future Stocks
Praj Industries
Bombay Dyeing
Arvind Mill
United phosphorous
BRFL
IFCI
Chennai Petro
Cairn
GE Shiping
ABAN Llyod
4. Weak Future Stocks
Shree Cements
Ultra Cements
Grasim
Indian Cements
ACC
BHEL
SAIL
Siemens
Kesoram
ABB
5. Free Intraday trading tips for Indian stocks: One can note that CAIRN and Bombay dyeing are in upswing and the same is corroborated by strength of futures. Remember to enter only at the recommended level and use profit booking technique. These are the stocks which can give dividend as and when these stocks move above recommended level with volumes.
Buy Cairn>280.1,284.80,290 sl 278
Buy Reliance Capital>1401.1,1424.70,1464.25 sl 1385
Buy Assam Company>27.3,28.30,29.40 sl 26
Buy Bajaj Hindustan>242.1,247,250 sl 238
Buy GMR Infra>155.1,156.80,158.80 sl 152.5
Buy Bombay Dyeing>982.1,1018,1056 sl 975.8
Friday, May 9, 2008
Free Indian Stock Tips
Posted by Market Analysis at 9:47 AM
Labels: 09-May-2008, BSE, Free Indian Stock Tips, Indian Stock Market, Investor, Nifty, NSE, share, Share Market, Smart Investment, Smart share market
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