Stock Market News
India stock Market is trading lackluster and the best is to go on a holiday during such times as the amount of time spent in front of the screen may not be commensurate for day trading. Profit booking will be in progress at higher levels. BSE Sensex support exists at 8600 and BSE Sensex resistance exists at 8872-9066. NSE Nifty exists at 2665 and Nifty resistance exists at 2755-2805. Presently Nifty is in bullish trend and one can see another bout of upswing before the rally fizzles out before Nifty touches 2900 level.
Market analysis and Research
Akruti Profit for the day was Rs 11,100 and thus readers will be going to bank with a fat cheque, SBI profit was Rs 4060, Nalco gains in day trading were Rs 2100, Cairn returns for day traders were Rs 790, BRFL profit is Rs 400 and Cipla gains were Rs 320 for every 100 shares traded as per the given tip.
Indian Future and Options Tip
Strong Future
BRFL, Tata Motors, Mphasis, Amtek Auto, M&M, Century Textiles, Shree Cem, Grasim, Ster & National Aluminium
Weak Futures
Rolta, Aban, Indian Bank, Ranbaxy, Triveni, Syndicate Bank, MoserBaer, Yes Bank, Patel Eng & Gitanjali
Value and growth stock | Day trading Style
Buy Bharti Airtel>561.1,569.9,582 sl 556.9 (one can see a bounce back due to clarification from its CEO that he has sold shares of Bharti Airtel due to personal reasons and will be continuing as the CEO of Bharti Airtel).
Buy Akruti>1181.1,1192,1199,1209 sl 1173
Buy Rolta>43.1,43.9,45,47 sl 41.8
Buy Nalco>221.1.226 sl 217
Buy Cairn>171.1,172,173,176 sl 168.8
Buy SAIL>83.1,84.4,86.5 sl 80.1
Buy SBI>961.1,964.8,976 sl 953
Buy Cipla>205.1,209 sl 203.8
Buy M&M>347.1,350,363 sl 343.8