All Weak global cues, especially the sell-off in Chinese market is causing the turmoil and thus keep an eye on Sensex breaking 14785-14685-14234 and on the higher side the resistance being encountered is 15078-15256-15575. Nifty support exists at 4359-4247 with resistance at 4472-4533-4632. As an advice one can stay away from the mkt as mkt is behaving erratically for the time being and let the trend be clear. However indicators and oscillators have shown a down trend but over dependence on global mkts is leading to enhanced volatility. Do remember to check out the manner by which one can make money with Adani Power IPO as same is getting listed on 20 Aug at both bourses.
Trading Profit at BSE and NSE
Bharat forge profit Rs 200, ONGC made money Rs 1170, Balaji Tele made money Rs 140, BPCL small gains Rs 135, Cairn gains were Rs 515 and Ranbaxy gains were Rs 675 for every 100 shares traded as per the given tip.
Day Trading Tips
Buy Bhushan Steel>972.1,978,989,998 sl 957
Buy ONGC>1171.1,1178.8,1186 Sl 1162
Buy Punj Llyod>232.1,237,239.8 sl 227.8
Buy BPCL>525.1,529,535 sl 518
Buy Cairn>238.1,239.8,241.8,245 sl 234
Buy Ranbaxy>304.1,307,309.9 sl 298.8
Sell Reliance<1868.8,1860,1855,1830 sl 1886
National stock exchange strong futures
Bhushan Steel, Patni, FSL, Mphasis, Tulip, Oracle Fin Serv, GSPL, Aurobindo Pharma, Jindal Saw & Polaris Software
National stock exchange Weak futures
Chambal Fert, RCom, Hero Honda, ACC Ltd, Dabut India, Rel.Capital, Nagarjuna Fert, Essar Oil, Suzlon & India Cements.
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