Indian Share Mkt Analysis
Mkt appears to be overstretched and thus one has to be cautious. Sensex support exists at 10800 and resistance exists at 11113-11295. NSE Nifty has support existing at 3335 with resistance at 3451. Indian mkt is also undergoing recession in a ig way as Wipro Technologies has stated that all those students joining them between May and December 2009 would undergo training of 2 months, and if they are not engaged in any billable project, they will be paid only a stipend of Rs 6,000 per month. This must a news which will be dashing hopes and aspirations of a number of prospective candidates. Azim Premji may not be also able to help them out as projects are not coming its way due to global recession.
10 Rupee coin
RBI is in the process of issuing a 10 Rs coin which will have on its obverse side a lion symbol with numeral 10 and year of manufacture. On reverse side, a double line cross with a dot in each pellet of cross and denomination written in Hindi and English around. This design has been prepared by design experts at National Institute of Design, Ahmedabad.
Indian Stock Research Wing Tips Analysis
Infosys profit for day traders Rs 1485, Electrotherm brought windfall for day traders with a jump of close to 20% with gains being Rs 2300 and stock has closed at day high, Reliance helped day traders make money Rs 4800, Aban returns from intraday trading is Rs 1260, Torrent Power profit was Rs 490, Tata Power returns from market were Rs 2790 and Gitanjali tip could not be traded as its open and high were same for the day.
Hot Intraday Tips for NSE BSE,
Buy Torrent Power>106.1,110,111 sl 101
Buy Infosys>1421.1,1429,1449 sl 1408.8
Buy Aban>451.1,457,459,469 sl 444.8
Buy Reliance>1781.1,1789,1799 sl 1772.8
Buy Tata Power>906.1,914,919 sl 899
Buy Voltas>57.1,58.2,59.9 sl 55.5
Buy ACC>593.1,599,601,611 sl 586.8
Future and Option: derivatives Detail
Strong Futures
Rolta, Essar Oil, Housing Dev, JSW Steel, Tata Motors, Hind Oil, Gitanjali Gems, Tata Steel, Suzlon Energy & Kpit
Weak Futures
Hind Petrol, Hind Unilvr, PFC, Sterling Bio, Educomp, BPCL, Divi'S Lab, Power Grid, Colpal & Glaxo.
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