India Stock Market Picks and Tips in Indian Shares:29 Apr

1. Recap: As advised by me earlier a few days back to hold Tata
Telecom and Ashok leyland and these stocks have marched ahead in a
grand style. Ashok leyland touched a high of Rs 42. Burnpur gave a
profit of Rs 90, ICICI bank gave a profit of Rs 4400, Dena bank gave a
profit of Rs 210 and TV today network gave a profit of Rs 800 per one
hundred shares bought as per recommendation. Reliance energy
recommendation as given on my other blog
http://stock-market-tip.blogspot.com yielded a profit of Rs 15000 per
100 shares bought as per recommendation. However now be cautious
because of number of factors which is listed in succeeding paragraph.

2. Dalal street tips: Nifty is in uptrend. One should remember that
Indian stock markets have seen worst in the months of May and to
remind the carnage which happened in the month of May 2006. Nifty has
to hold above 4900 levels to give assurance to all that the dark
clouds over the market have gone and good days for the market are
back. One will have to wait and watch for RBI policy to be announced
to see the direction of the market. I expect RBI to hike repo rate by
25 basis points.Globally GDP (US economic and employment data) numbers
from USA are expected today and thus the market will take the cues
accordingly. Indian market has to close above the psychological
barrier of 5151 for three consecutive days to show that the fear of
May month in the stock market is over else one may be able to see a
correction and if on the lower side 4900 level for Nifty is breached
than one may see even breach of Jan lows experienced in the stock
market. However 4800 level will be a crucial support. Yesterday Top
Nifty gainers included Reliance Energy, Tata Communications, Sterlite
Industries and losers included Siemens, Cipla and Suzlon.

3. Strong Future Stocks

Chambal Fert
Nagarjuna Fertiliser
Bata
Lic housing finance
Bombay Dyeing
IFCI
Arvind Mill
BRFL
Sesa Goa
TTML

4. Weak Future Stocks

Indian Bank
Siemens
India Cements
Maruti
ZEEL
SKumars
ACC
BILT
Shree Cements
KTK Bank

5. Free Day Trading Tips:
(a) Buy Nagarjuna fertilisers>53.1, 54.5, 56 sl 51.9 (one can hold
this stock for 6 months to see it achieving a target of Rs 75.
(b) Buy ICICI bank>916.1,929,940,964 sl 904.8
(c) Buy Reliance Energy>1437.1,1459,1494 sl 1422