We are likely to see an upmove in the market in coming week as Chinese mkts have rebounded remarkably and thus support for Sensex exist at 14915 with resistance at 15575-15700-16046. Nifty support exists at 4249-4400-4475-4500 with resistance at 4615-4642-4668-4789-4900. However one has to bear with volatility as derivative contracts for August 2009 series expire on Thursday, August 27, 2009. Overall the week is likely to be positive in closing. Do keep track of IPO calendar and invest in quality IPOs.
Indian Stock Market Tips Profit Analysis
CESC profit in Indian stock market Tip is Rs 1080, Bhushan steel gains were Rs 1090, ONGC made money Rs 1230, BPCL bonanza wind fall Rs 1690, 3iinfo profit is Rs 265 and Cairn gains were Rs 270 for every 100 shares traded as per the given tip on last Friday.
Day Trading Tips
Buy ABB>708.1,713,719 sl 698
Buy Purvankara>122.1,126,129.5 sl 117
Buy BHEL>2311.1,2319,2339 sl 2298
Buy Sanghvi Movers>152.1,154.4,155.6,159 sl 148
Buy Bharti Airtel>415.1,419,425 sl 409
Buy CESC>332.1,336.5,339.5,345 sl 327
Buy ICICI bank>751.1,759,769 sl 739
Buy ONGC>1201.1,1205,1218 sl 1189
BSE NSE strong futures
Purva, Bhushan Steel, Aurobindo Pharma, FSL, Jindal Saw, Patni, HCL Tech, Polaris Software, Ranbaxy Labs & Yes Bank Limited
National stock exchange weak futures
Chambal Fert, India Cements, Bank Of India, Dabut India, Sesa Goa Ltd, RCom, ACC Ltd, Rel. Capital, Suzlon & Essar Oil.
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