IT stocks were the leader for the day and Indian mkt get the booster dose by virtue of better-than-expected U.S. economic data and short covering a day before the expiry of current month derivatives contracts helped the Indian market end higher for the 5th straight session. Keep Sensex levels of 15700-15690-15783-15904 and Nifty levels of 4660-4700-4790 under watch. As a word of caution do not leave the screen on expiry day due to inherent volatility in the mkt.
Free share tips Results
Sanghvi movers gains for the day were Rs 960, ABB made money Rs 865, CESC profit is Rs 690, Grasim gains from day trading were Rs 3700, Cairn marginal gains of Rs 190, Fortis marginal gains of Rs 130 and Aptech made money Rs 2355 for everuy 100 shares traded as per the given tip.
IPO activity in India
(a) Globus Spirits, a Delhi based alcohol beverage company, is entering the capital market with an initial public offering (IPO) of Rs 75 crore.
(b) Madhucon Projects is likely to raise around Rs 500 crore for Madhucon Infrastructure for increasing the power capacity.
(c) Indiabulls Power is planning a preIPO share placement to four investors: SBI, IDFC, HDFC Bank and Axis Bank and IPO is likely to be priced between Rs 50-60 per share.
(d) Oil India plans IPO to raise $570 m.
Kudos to BSE Exchange
BSE has launched a IPO index which will have a minimum of 10 stocks and will value companies for 2 years. This will track the value of companies for two years from the date of their listing after their initial public offers (IPOs).
Intraday stock trading Tips
Buy TCS>551.1,554.8,559.5 sl 543
Buy PFC>231.1,234,237,239.5 sl 223
Buy Yes bank>173.5,175.4,177 sl 169.5
Buy Tata Communication>520.1,524,527 sl 516 (stock can be held as a deliver for target of Rs 560)
Buy Aptech>267.1,273,279 sl 257
Buy Grasim>2672.1,2695,270 sl 2659
Buy Sanghvi movers>171.1,175,179 sl 167
Buy ABB>735.1,739,746 sl 727
Buy CESC>362.1,367,371 sl 355
Intraday strong futures
Aban Off shore, Ansal Infra, Purva, Bhushan Steel, Patni, FSL, Tata Motors, Oracle Fin Serv & Orchid Chem
NSE weak futures
Bajaj Hind, India Cements, Chambal Fert, Balrampur Ch, Federal Bank, Cipla Ltd, Sesa Goa Ltd, Canara Bank, IDFC & Sail Ltd.
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