India companies Update
Infosys is firing more than 2100 employees and thus recession is taking its toll in India too. However Infosys has stated that the same is less than global trends and this much work force is being given pink slip every year. Carefully watch the results of Infosys as it holds key to the trend of market. Uptrend will continue in the domestic market only if Infosys guidance is positive. If the Infosys FY’10 guidance is below Dallal street expectations, it would provide the Dallal street with a reason to go for sideways consolidation. One has to exit all longs if Nifty breaks 3249 level on the lower side. BSEIndia index Sensex support exists at 10650 level and resistance exists at 11113-11295 level. NSEIndia Nifty support exists at 3260 with resistance at 3451. Presently trend is up but indicators are bearish and thus profit booking is not ruled and thus keep the crucial levels under watch and protect your gains.
Bull market Profit
Tata Power profit in intraday trading at Bombay stock exchange is Rs 2390, Reliance profit is Rs 1675, Electrotherm made money Rs 400, Aban gains for day traders were Rs 2390 and Siemens gold mine paid Rs 1080 for every 100 shares traded as per the given tip.
Online trading | Day trading Tips
Buy Infosys>1452.1,1459,1479 sl 1444.8
Buy Torrent Power>106.1,108.9,113 sl 103.8
Buy Tata Power>887.1,889.9, 899 sl 882.8
Buy Reliance>1741.1,1749,1759,1766 sl 1734.8
Buy Electrotherm>118.5,121.9,127 sl 113
Buy Gitanjali Gems>67.1,69,70.3 sl 64.9
Buy Aban>445.1,449,458 sl 438.8
Stock Futures | update
Strong Futures
Essar Oil, JSW Steel, Gitanjali, Mah Life, JP Hydro, HDIL, JP Associates, Ind Hotels, Purva & Aptech Training
Weak Futures
Sterling Bio, Glaxo, Hind Unilvr, Hind Petro, Colpal, PFC, Wock Pharma, Divi's Lab, Lupin & Dabur.
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