At Global front The US stock markets were closed on Monday on account of Memorial Day observance and later on Wall Street opened lower on North Korea worries as North Korea reportedly fired two more short range missiles, a day after its second nuclear test provoked international outrage. The South African economy goes into recession after official figures show that it contracted by 6.4% in the last quarter. They should thank Lalit Modi and IPL conduct which has given a partial boost to their economy. At National level keep an eye on Sensex 13475 level which is a signal to get out of the market. Nifty has to go abiove the level of 4475 to targt 4800-5500 in case one may call it as Pre budget rally. Sensex support exists at 13278-12889 with resistance at 13820. NSEIndia i.e. Nifty has support at 4022-3907 with resistance at 4205-4475.
Free Commodity Tip and News
Crude is hovering at $60.07 per brl ahead of OPEC meeting and Saudi Arabia has issued a statement that if investment is not undertaken to boost production of oil; than one can again see crude at $150 per barrel with in 2 years. At currency front Rupee dropped sharply due to dollar demand.
Money Made from NSE BSE Tip India
Great Offshore tip was the star of the day clearing all the tragets and thus bringing tons of money for day traders by hitting a high of Rs 366, Voltamp opened with a gap up and would not have had been traded and Voltamp touched a high of 766, IRB Infra both the targets and touched a high of 148.5, Fortis opened higher and reversed in beginning and if all those who follow our all sites would have had noticed that swing traders were advised to book profitin the stock as stock had shot up considerably from 73 levels since beginning of this month. However do remember to buy this stock as a delivery if it reaches 70+ levels any time. Punj Llyod achieved a high of Rs 184.5 meaning stock reached near the first target level. We will try to provide you all with a more realistic level of profit analysis as ailm of this site is that every reader should gain at the end of the day as day trading is one of the tedious jobs though people think it otherwise as an easy cash making machine. As per he readers suggestion and recommendation we are trying to keep the stocks tips to bare minimum with higher success rate.
Company News of Use for Traders
(a) A Joint Venture Company of NTPC Ltd has been incorporated on May 22, 2009 under the name "National High Power Test Laboratory Pvt Ltd" (NHPTLPL) in association with NHPC Ltd (NHPC), Power Grid Corporation of India Ltd (Power Grid) and Damodar Valley Corporation (DVC). The new Joint Venture firm is incorporated for setting up an on-line high-power test laboratory for short- circuit test facility in the country.
(b) Bharti says MTN deal funding will not be onerous.
(c) NIIT Tech Q4 net falls 15 pct on hedging losses.
(d) Jain Irrigation sees orderbook revival.
Hot Share Tips | Intraday Trading Tipz
Buy Reliance Infrastructures>1132.1,1148,1155,1164 sl 1119.8
Buy KLG Systel>168.1,169.9,174.5,178 sl 161
Buy Great Offshore>345.1,355,365 sl 337.8
Buy Orchid Chemical>128.5,133,136.5 sl 123
Buy Videocon Industries>167.1,171.9,174.5 sl 161.4
Strong future Shares
Peninsula Land, Parsvnath, Redington, Patel Engineering, Gitanjali, IVR Prime, HTMT Global, Financial Technology, JP Hydro & Ispat Industries
Weak Future Stocks
Cipla, Bharti Airtel, ITC, Colgate palmolive, TCS, Sterlin Biotech, Hind Uni Lever, Cairn, Glaxo & Gail.
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