One has to be careful now as a Doji has been formed in Nifty and thus market can move either way; may be down on profit booking. However as per previous days data Nifty is in uptrend. Nifty has support at 4200 level and one can consider Nifty
4000 levels as deep stop loss level. Nifty has resistance at 4255-4315.
Indian Share Tips profit
Bajaj Auto super duper tip gains for the day were Rs 11100, Sesa goa gains is Rs 255, SAIL profit is Rs 240, NMDC made money Rs 2190, TCS gains for the day were Rs 870, HCL tech gains for the day were Rs 770 for every 100 shares traded as per the given analysed tip. Reliance sell recommendation did not reach the entry price and thus stock recommendation is not traded.
Point to Note
Last Sunday I hd written that Hero Honda and Bajaj Auto are in bullish uptrend and have formed bullish engulfing candlestick pattern and advised readers to go long and now these stocks with in 4 days have given phenomenal returns. We hope that you all benefitting from the power of technical analysis.
IPO Grey market Premium
Mahindra Holidays & Resorts India Ltd. -> 23-Jun-09 to 26-Jun-09 -> Rs. 275 - 325 -> Rs 20 - 25
Excel Infoways Ltd. -> 14-Jul-09 - 17-Jul-09 -> Rs. 80 - 85 -> Rs. 6 - 8
Raj Oil Mills Limited -> 20-Jul-09 - 23-Jul-09 -> Rs. 100 - 120 -> Rs. 4 - 6
Adani Power Limited -> 28-Jul-09 - 31-Jul-09 -> Rs. 110 - 120 -> Rs. 15 - 17
NSE BSE Day Trading Tips
Buy Bajaj Auto>1161.1,1175,1195 sl 1049.8
Buy Maruti>1145.1,1149,1152,1165 sl 1138
Buy Sesa Goa>212.2,216.8,219.9 sl 206
Buy SAIL>161.1,163,164.9 sl 158.9
Buy Noida Toll>40.5,41.2,42 sl 38.9
Buy NMDC>364.1,368.8,374 sl 356
Buy TCS>423.1,428.8,432 sl 418.8
Buy HCL Tech>195.1,`98.9,202 sl 189.8
NSE BSE Strong futures
GSPL, Sesa Goa, Patni, Opto Circuits, Gail, Tulip, Grasim, Edu Comp, Cipla & REC Ltd.
BSE NSE Weak futures
DCB, FSL, Orchid Chem, GTL Infra, Nagar Fert, Praj Ind, Moserbaer, Sintex, Bajaj Hind & KFA.
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