Indian mkt is in uptrend and it is going up with the help from higher U.S. stock futures and at home front short covering ahead of the settlement of current month derivative contracts on Thursday has helped mkt to come out of the blues and thus the target of Nifty 5000 mark appears feasible. The benchmark BSE Sensex finished at 15,688, up 60 points or 0.38% from its previous close, and the S&P CNX Nifty rose 17 points or 0.36% to 4,659. However one cannot be lax as profit booking along with volatility is the order of the day. Thus keep Sensex level of 15589-15539 with resistance at 15801-15911 under observation. Keep NSE Nifty support at 4620-4600 along with resistance at 4700-4790 under close surveillance.
Indian Stock Market Research & Analysis Results
You would have had seen that the delivery tips of 3iinfotech and Opto Circuits has given adequate returns in a single day itself and thus one has to be a dynamic trader; in approach and choose whether one can get good returns by booking profit in a single day or need to hold and same is pure Mathematics to arrive at a decision. In day trading Sanghvi movers made money Rs 590, ABB windfall gains were Rs 1600, Purvankra retruns for day in rupee terms were Rs 720, CESC made money Rs 1260, Kotak bank returns for day traders were Rs 570, Axis bank provided money in pockets of day traders Rs 885 for every one hundred shgares traded as per the given recommendations. Icici bank and Bharti Airtel did not reach the entry price and thus those trading calls were not entered by the traders and operators.
Sure Shot intraday tips
Buy Sanghvi movers>164.1,166.9,169.5 sl 159.3
Buy ABB>732.1,737.9,743 sl 725
Buy CESC>364.1,366,369.8 sl 359.5
Buy Grasim>2671.1,2679,2685,2699 sl 2659
Buy Cairn>260.1,263,266.8 sl 254.8
Buy Fortis Healthcare>117.1,119.8,122 sl 114 (One can hold this stock as a delivery stock )
Buy Aptech>256.1,259.5,262.4 sl 249.8
Strong futures contract of India
Purva, Tulip, Bhushan Steel, Patni, Insal Infra, Aurobindo Pharma, HCL Tech, Mphasis, Jindal Saw & FSL
Weak Futures Options Trading index update
Chambal Fert, India Cements, Dabut India, Cipla Ltd, Bajaj Hind, Indian Overseas Bank, Suzlon, Sesa Goa Ltd, ACC Ltd & Federal Bank.
Investment Tips on IPO
Invest in Oil India initial public offer.
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