1. Recap of previous day day trading tips results: Noida Toll gave a profit of Rs 200, Triveni Engg, Bharat Forge and Icici bank did not reach the entry price and Hind oil exploration gave a profit of Rs 305. As advised straddle strategy for Nifty 5000 levels paid handsome dividend in a day today only.
2. Stock Market technical Indicators: Indicators are pointing towards down trend as US economy and oil will take its toll on the market. Nifty 4979 is very crucial level for the market to hold.
3. Strong Future Stocks
SCI
Aban
Cairn
Lupin
JSW Steel
Praj Indus
Chambal Fertilisers
GE Ship
National Aluminium
Sterlite
4. Weak Future Stocks
PFC
ABB
India Cement
BPCL
ACC
ONGC
Shree Cement
NTPC
Crompton Greaves
Ultra tech Cement
5. Free day Trading tips for India stocks:
Buy Orchid chemical>263.1,268 sl 259.8
Buy KS oil>79.1,80.60,83 sl 76.2
Buy Ispat Industries>36.1,36.5,37.5 sl 34.8 (one can hold this stock for a three month target of 43)
Sell cairn<316.8,312,303 sl 320.1
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Indian shares tips for 23 May
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