Indian Stock Market Tips which produce Results | 11 June

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Indian share Mkt Analysis
The BSE Sensex has crossed the psychological mark of 15,400 mark and NSE Nifty crossed the 4,650 mark. Sensex support exists at 15400 with resistance at 16046. NSEIndia Nifty support exists at 4500 with resistance at 4620-4789. One can consider the pivot for Nifty as 4631. Finance Minister Pranab Mukherjee has asked the banks to cut the interest rates and provide cheap credit to the industry to boost the growth. He has further emphasised that reduction in key rates by Reserve Bank is not adequately getting) reflected in the reduction of BPLR (benchmark prime lending rates) of banks.

International News of Importance
Brazil lend IMF $10 bln, which speaks of the BRIC nations strategy.

National news of cognizance for Stocks
Tata Tele to launch India GSM network with DoCoMo
ING denies plans to sell stake in India's Vysya

Profit Analysis NSEIndia and BSEIndia Tips
Praj Industries gains for the day were Rs 355, Larsen and Toubro was the star performer for the day with returns as Rs 8800, Voltas receded post marginal gains, Tata Power closed with 6.81% gains and thus the returns for the day were Rs 6900, Infosys made money Rs 3300, Dr Reddy made the day for day traders with Rs 5200 as profit, Bharti Airtel gains were Rs 2300 and ICICI bank did not reach the entry price and thus the trade was not executed.


Commodity: Gold, currency and Natural Gas Update
India gold imports down 39 pct y/y in May - trade
Rupee strengthens on equities and thus extends rally
Natural Gas is likely to soar as masive volume is being seen.

Technical Analysis Tips for day traders
Buy Praj Industries>113.1,116,119.9,123 sl 107.9
Buy Larsen and Toubro>1637.1,1649,1669 sl 1627
Buy Voltas>141.1,143,144.5 sl 135.9
Buy Tata Power>1221.1,1229,1245 sl 1209.8
Buy Infosys>1811.1,1819,1829,1837 sl 1798
Buy Dr Reddy>755.1,765,774 sl 742.9
Buy Bharti Airtel>836.1,839,847 sl 829
Buy Bata>164.1,166.5,169 sl 158.8


Strong Futures Update
Bajaj Hind, JP Hydro, BEML, MRPL, ABAN, Sobha, Voltas, Laxmi Mach, Parsvnath & S Kumar Synf
Weak Futures Data
Indian B, Bharti Airtel, PFC, Dabur, Axis Bank, Essar Oil, Star, PNB, Sterlin Bio & ITC.
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