Hot Stocks in India & Sure tips in Nifty: 18 May

As of now we are in bearish mode and if market remains below 5400 nifty level, than we can also see level of 5360-5250 where deep support occurs. As we can see Nifty and Sensex are encountering a number of negative factors and that is the reason volumes are low in the market. However irrespective of the condition in the market day traders can trade with the sure tips trading tips which yields handsome dividend in volatile markets. The returns are all the more higher in more volatile market. The market undercurrent remains weak, but volume-based recovery from the day’s low and the close of 5,450 hints at a minor recovery tomorrow.

The results of State Bank of India led to a decline in the market as they have catered for more income for NPAs provisioning. The country's largest public sector bank reported an 8.9% dip in its consolidated net profit at Rs 10,684.9 crore for the year ended March 31, 2011. For the year-ago period, the net profit was Rs 11,733.8 crore. It was a mammoth fall as stock fell by nearly 7% at Rs 2414.  Apart from higher provisioning for employee costs, the bank has also made a Rs 500 crore provisioning for special home loan schemes. Bank has attempted to clean up its books and this may positively impact the bank’s health in the long-term, though short term a negative view may be seen. In our view today’s fall can be seen as a knee jerk reaction by the market. Analysis of derivative segment data suggests that stock can fall till 2,185 level and one can use the opportunity to accumulate the stock from long term point of view and a systematic investment plan approach can be used for investment in the stock.

ONGC plunged by 7% to Rs 277 on reports that the government has increased upstream share to 38.5% of total subsidy burden of about Rs 77922 crore for the year ended March 2011 (FY 2011). Thus a navratna is getting butchered by virtue of the policies of the govt. The market breadth is negative with 1778 stocks having advanced while 937 declined at BSE.

Commodity Tip

In the commodity space, we may see gold rally to continue as this is one of the preferred asset class in the current scenario of high inflation. Silver has seen quite high peak and thus one may see a correction of 10% southwards movement in near future.

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Support and Resistances for the Day

Indices	Support	Resistance
Nifty	5400-5350	5580
Sensex	18032-17792	18300

Jackpot Tip Profit

Stock	Profit (Rs)
Tip	No tip was given

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Intraday Trading Tips

Share	Gains (Rs)
Tips	25670

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Future and Options Daily Paid Tips

NSE Nifty 50 Stocks	Made Money (Rs)
Tipz	No tip was given

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Strong future shares at National stock exchange

Bata India, Ranbaxy, Hind Uni Lvr, Asian Paints, Titan, Glaxo, OFSS, Hero Honda, Lupin & Exide Ind.

Weak future stocks  at NSE

Patni, SREI Infra, Renuka, GT Offshore, Vijaya Bank, SBI, India Cement, Jindal Saw, IDFC & LITL.

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