Live stock market India | Newsletter
The third stimulus package did the trick and we saw a flat closing and same was accurately predicted in yesterday newsletter that market will be opening on positive note. The stimulus includes 2% cut in service tax rates to 10% and reduction in excise duty from 10% to 8%. However the stimulus package is not a lasting solution but is presently providing a stimulus for short term. It being a F&O expiry day and thus one has to be using the profit booking technique to make money from this lacklusture market. Keep an eye on the levels as suggested for indexes yesterday. Volatility will be order of the day.Stock exchange trading | Profitable Results
APil profit is Rs 490, Maruti returns were Rs 2630, Hero Honda day trade led to gain of Rs 1520, Ranbaxy profit is Rs 200 and Power grid made money Rs 290 for every 100 shares traded by day traders as per the given tip. Colgate and SBI did not reach the entry price and thus those trades were not executed.Day traders option | Pivot trading
Buy APIL>321.1,328,336 sl 317.8Buy ACC>558.1,560,570 sl 554.8
Buy Colgate>447.1,455 sl 444.8
Buy Maruti>665.1,669.4,674 sl 662.8
Buy Ranbaxy>211.1,215,219 sl 207
Buy Power grid>93.1,94.8,95.9 sl 91.5
Buy Hero Honda>904.1,912,915,925 sl 898.8
Buy Century>174.1,178,182 sl 169.8
Buy NALCO>212.1,216.5,220 sl 208.8
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Strong Futures: APIL, SRF, Tech Mahindra, Amtek Auto, Maruti, M&M, Ultra Cemco, Grasim, Shree Cement & Lupin.Weak Futures: EKC, Aban, Mah Life, GDL, J&K Bank, Tulip, IOB, Indian Bank, Triveni & Pantaloon.