Key economic data in the U.S. tomorrow holds the key to Indian market and thus it makes sense to watch the
same before testing the waters. This was a straight 4th successive down session despite positive cues from the rest of Asia and the European markets. The BSE Sensex ended the session at 15,398, down 69 points or 0.45% and the S&P CNX Nifty fell 15 points or 0.32%.. Nifty is likely to be range bound till either of the side is broken varying from 4575 to 4650 levels. Support for the Sensex exists at 15321-15153 with resistance at 15573 and Nifty crucial support exists at 4548 with resistance at 4650.
Profit from BSE NSE Tips
Reliance Capital was the star tip of the day having touched first two target and thus gave a profit of Rs 1400, Maruti touched near the first target and gave a profit of Rs 720, HCL tech gave a profit of Rs 180 for every 100 shares traded as per the given tip. Renuka Sugars did not reach the entry price and thus the trade was not executed.
Gold Advice
One can enter in gold now as historically gold price has risen in 16 of the 20 Septembers since 1989.
Forex Update
Moreover one can be wary of dollar investments as rise in gold price leads to weakness in dollar.
Islamic bank
It is a new concept where first Islamic bank is likely to commence its operations in Kochi with active involvement of the Kerala government. Ernst & Young has prepared a report and has submitted same to Kerala industries department which has been approved. A lot of untapped opportunity lies in this segment and venture capitalist and entrepreneurs can jump in this arena and make a dent in the field.
Link to Check
Do remember to check out Automated Nifty Trading Software to help you make clear enter and exit decisions in the market.
Day Trading tips: Mkt is in indecisive state and thus trade as per the tip and that is the reason both buy and sell recommendations have been given simultaneously.
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