Day Trading Tips in India Which Make Money | 22 Sep | Indian Stock Market Hot Tips & Picks in Shares of India

In the outset on behalf of our team we will wish all readers and subscribers a very Happy NAVRATRI and EID (Belated) and hope all are enjoying the same to the fullest extent. On the lighter side Cricket is a big business in India and one can access the ICC Champions Trophy Schedule here and can be abreast with the latest developments.
Nifty Tips | Sensex Tip which will Help one to Trade Better
Indian Market is now showing the signs of topping out courtesy rising wedge formation on charts and thus maximum Nifty can reach for the time being to an extreme is 5250 level and thus one should be ready to see a healthy correction as indicators especially RSI is showing divergence and thus one can keep following levels under observation i.e. 4700-4779-4880-4900-4990-5015-5081-5156-5500 levels which will act as a support or resistance. One can say that Nifty trend is still up, however profit booking and volatility will exist till the time the F&O expiry is not over. Sensex on extreme can target 17500 levels.

Indian Public Offers Update and Advisory
One the IPO front Jindal Cotex Limited is listing on 22 September 2009 which is having a BSE Script Code as 533103 with NSE Symbol as JINDALCOT and ISIN as INE904J01016. To recall the Issue Price was Rs. 75/- per share and its face value is Rs 10/- Per Equity Share.

Globus Spirit limited IPO is getting listed on 23 Sep 2009 with BSE Script Code as 533104, NSE Symbol as GLOBUSSPR and is listing in ‘B’ Group of Securities with ISIN as INE615I01010. A recap for its issue Price which is Rs 100.00 Per Equity Share with face value as Rs 10 Per equity share.

Day Trading Tips Profit for the Subscribers

Stock	Profit
Infosys	1690
Renuka Sugars	Tip was not traded as Open and High for the day was same.
Punj Llyod	560
Bharti Airtel	1480
Welspun Gujarat	425
Bank of India	Tip was not traded as stock did not reach the entry price.
HDFC bank	Tip was not traded as stock did not reach the entry price.
HCL Tech	470
Essar Oil	265
Tata Motors	Tip was not traded as stock did not reach the entry price.
Sterlite	Tip was not traded as stock did not reach the entry price.
Ranbaxy	590
Bharat Forge	3800 (closed with more than 12% upside move)
Sun TV	Tip was not traded as stock did not reach the entry price.