Best stock market | Update
Indian Stock market is likely to be range bound between 2600 and 3150 . Market is directionless and thus will take the cues from the market. Market may fall more in case international rating agencies further downgrade India in its ratings due to huge fiscal deficit. As a strategy in such type of market one can buy at low levels and book profit at every available opportunity. Keep an eye on Sensex crucial levels of 9114 and 8977 to show up or down direction. Sensex Support exists at 8865 and BSEIndia index has resistance at 9445. NSEIndia Index support exists at 2727-2685 and Nifty resistance exists at 2890.BSEIndia | Share Tips results
Colgate Palmolive profit is Rs 2135 as stock hit a high of rs 472.65, Hero Honda gains for day traders were Rs 940, Bharti returns from mkt were Rs 1400 for only 100 shares traded as per analyst direction. Sell recommendation for Hind Zinc and Bharti did not reach the entry level and thus short trades were not executed. However traders looking for short trades can short in Hind Zinc as it is a clear down trend stock. However short trades be carefully executed with stop loss in place as these short trades have higher chances of leading to a loss in day trading.Stock market investing tips
Buy Colgate Palmolive>473.1,478,485 sl 469.8 (trade with caution as stock can reverse and thus use profit booking technique by using trailing stop loss).Buy SBI>1071.1,084,1090 sl 1066.8
Buy Renuka>89.1,90.95,92 sl 87.8
Buy APIL>298.1,300,302,305 sl 293.2
Buy BEL>893.1,901,902,910 sl 888.8
Buy Hero Honda>935.1,943 sl 931.8
Buy Maruti>633.1,637.4,640 sl 628.8
Buy Siemens>226.1,229.8,231 sl 222.8
Tips Future and Options | Fixed income investments
Strong FuturesAPIL, WWIL, Renuka, India Info, Amtek Auto, Colpal, SRF, Maruti, BEL & BPCL
Weak Futures
GDL, EKC, Aban, BRFL, Tulip, Orient Bank, Patel Eng, Divis Lab, Gitanjali & Wel Guj