Best stock tips for indian stock market| 05 June

BSE NSE India Stock Tips and Market Update

It is a topsy turvy ride and market is going through a see saw game and thus intraday volatility is high. Market closed towards higher side post President Pratibha Patil address to the joint session of both houses of the Parliament where she stated that the government will focus on sectors like small and medium enterprises (SMEs), exports, textiles, commercial vehicles, infrastructure and housing as they are adversely hit by the global financial meltdown. Nifty is going to witness resistance at 4651 and if it is able to cross than it will targte the levels of 4800. Exit if Nifty breaks 4399 level.

International news affecting Global markets
ADP employment figures had an enormous impact on the U.S stock market yesterday as the result showed a negative 532k,compared to last month’s 491k. Even though the major stock indices managed to regain some strength towards the second half of the session, investors preferred to cash in on recent gains ahead of the NFP result due tomorrow.

Learn how to make money from share markt in India
Bhushan steel was star performer hot tip givin day traders a cool money of Rs 4900 as stock hit a high of Rs 780, Bank of India crossed all targets and generated returns at BSE Rs 980, GE shipping neared target 1 and provided gains of Rs 390, ABB clocked a 5% gains and thus all targets were met with a high of Rs 719 i.e. total profit of Rs 3800, and Max was another star performer which clocked 14% gain in a single day and thus crossed all targets providing profit of Rs 2500 for every 100 shares traded at BSE and NSE.


Delivery Tip Update
Guj NRE Coke Update: DAY 3 and we are close to our target in recommendation for the stk as it closed at Rs 56.8. Now all those holding can book partial profit.

Crude and Gold Update
Oil rises above $67, Goldman ups forecasts. Silver returns outpace gold in 2009 but traders wary and thus gold demand in India remains dull.

Company and National News of significance affecting Stock Market
(a) HCL Tech unit in multi-yr pact with Germany's Linde
(b) ICICI Bank has a reduction of 0.50% in its Floating Reference Rate (FRR) applicable to floating rate retail loans (including floating rate home loans) with effect from June 05, 2009. The revised FRR will be 12.75% p.a. as against 13.25% p.a. at present. All the existing floating rate retail loan customers will be benefited by the reduction in FRR.
(c) State Bank of India says room to cut rates by 25 bps
(d) Barclays raises India's 09/10 GDP forecast to 7.2 percent

Free Intraday Tips for Day traders in India
Buy Bhushan steel>761.1,769,779 sl 749.8
Buy HDIL>325.1,329,331,338 sl 316
Buy RCOM>345.1,349,355 sl 336.9
Buy GAIL>305.5,307.5,310.5 sl 299.5 (one can hold this stock for 6 months to one year as no major movement is seen in stock. However oil deregulation will give it the much needed push)
Buy Essar oil>191.1,192.9,198.5 sl 183.9
DCB tip was given as intraday trading tip and same was given during trading hours and equity is already closing near our target in a single day and thus high risk high return category can benefit it by holding it as it will target 50 levels.
Buy GE shipping>305.1,309,311,314 sl 299.8
Buy Max>231.1,235,242 sl 222
Buy ABB>721.1,729,733,745 sl 709.8


Hot strong futures
Jp Hydro, Wel Guj, Suzlon, Sobha, Laxmi Mach, Tech M, Aban, NIIIT Ltd, Voltas & IVR Prime

Perfect Weak futures Tips
Hero Honda, Bank Broda, Glaxo, Sterlin Bio, Dabur, Infosys Tech, Tata Power, Cipla, Bharti Airtel & Sun Pharma.
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