Indian Stock Market Tips
DOW Jones has closed in the positive territory and is thus likely to test its resistance at 9601 and if it breaks this level than will target 10000 levels. However if DOW falls to 8799 than gloom will again commence in the market. Keeping in tune with global cues a positive opening is likely to occur in Indian markets with bouts of profit booking and thus trading with stop loss is advisable. One can see Sensex touching the levels of 16046-16507-17500 with support at 15775 as thereafter Sensex can fall to 14800-13200 levels. Nifty support exists at 4615 with resistance at 4802-4926-5000-5250 mark. High risk traders must exit all longs if Nifty breaks 4450 on lower side and can go long on Nifty if it breaks past 4800 levels on closing basis. Overall the trend is up as Twiggs Money Flow (21-Day) is also indicating the buying pressure.
Profit Analysis
Due to busy schedule overseas; no tips were given on Monday and thus no results are being updated.
Day Trading Tips for Indians
Buy ACC>893.1,897,902,909 sl 885.8
Buy APIL>551.1,555,568 sl 539.8
Buy Neyveli Lignite>140.1,141.4,143.8 sl 136.5
Buy Axis Bank>931.1,937,949 sl 920
Buy ICICI bank>776.1,779.8,783,789 sl 765
Buy SBI>1852.1,1859,1869,1895 sl 1836
Buy Hindalco>110.1,111.3,114.3 sl 106
NSE BSE strong futures
Bharat Forge, Patni, Mphasis, TataMotors, ABAN, Aurobindo Pharms, DCHL, Bhushan Steel, Jindal Saw and Hindalco
BSE NSE Weak futures
Divi Lab, Suzlon, Sun Pharma, EKC, BRFL,Titan Inds, Chambal Fert, Patel Eng, IOC and Union Bank Of India.
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