Indian Share Tips Which provide correct analytical picture of stock market
Sensex has a psychoilogical barrier at 16000 levels and thus profit booking has been seen partially. However one can say that the trend of the market is up till the time one do not see Sensex breaking the levels of 15699 on the lower side. Sensex support exists at 15699-15600 with resistance at 15895-16046-16507. Nifty support exists at 4651 with resistance as 4704-4789-4926. Credit Suisse has upgraded Sensex target to 17000. However one has to follow a cautious approach as market si moving from support to resistance and viceversa and unless it breaks the levels conclusively the clear direction will not emerge. However technically market is up as per the available indicators. Profit taking in some of the important heavyweights in the index will keep on occuring which can drag the mkt. Exit all longs in Nifty if 4450 level is broken on lower side. On the gold front the news that International Monetary Fund (IMF) will probably sell 200 metric tons of gold annually starting next year can hold the gold prices some time; till the time the excess demand is not soaked by the commodity mkt. IPO front sees action on 07 Aug with opening of NHPC IPO and Adani Power IPO has been subscribed 21.64 times (the portion reserved for qualified institutional buyers (QIB) got subscribed 39 times, non-institutional investors by 8.5 times and retail investors by 2.2 times). IPO has been fixed between Rs 90-100 and the company has planned to raise Rs 3000 crore and this Indian public offer is expected to get listed on bourses on August 20.
Technical tips results analysis for BSE NSE
ACC profit for day traders is Rs 1585, APIL gains for the day were Rs 1470, Neyveli Lignite achieved returns of Rs 410, ICICI bank made money at BSE NSE terminals Rs 940, SBI blockbuster tip yielded results in form of Rs 3590, Hindalco cool tip gainz for day traders were Rs 590 for every 100 odd shares traded as per the given tip. Axis bank did not reach the entry price and thus trade was not executed.
Intraday Trading Tips India
Buy India cement>156.1,159,163 sl 151
Buy ACC>902.1,907,918 sl 894
Buy APIL>555.1,559,563 sl 548
Buy Neyveli Lignite>140.6,141.4,143.8 sl 136.6
Buy Axis bank>905.1,909,918,928 sl 898
Sell Wipro<479.8,476.9,473,464 sl 487
Buy Hindalco>113.1,115.9,119.4 sl 107.9
Buy SBI>1862.1,1869,1879,1884 sl 1848.8
Bombay stock exch strong futures
Bharat Forge, Patni, Tata Motors, Hindalco, ABAN, Jindal Saw, Aurobindo Pharma, Renuka, DCHL & Maruti
National stock exchange weak futures
Divi Lab, Patel Eng, Sun Pharma, Chambal Fert, Cromp Greav, KFA, Suzlon, ABB, R Power & RNRL
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