Indian stock market tips:26 Sep 2008

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1. Indian stock market direction tip: Market is near a crucial level and has to respect the Sensex level of 13339. In case Sensex is able to cruise above 13611, Sensex can move above and thereafter will encounter resistance at the level of 13850. Presently bias for Sensex is downward in short term and even a likelihood exists that Sensex may retest lows achieved during the year in case 12999 level on the lower side is broken.Support for Nifty exists at 4100 level.

2. Profit generated from stock tips for Indian traders: Axis Bank gave a profit of Rs 1200,India cement provided profit of Rs 780, BANK of India gave a profit of RS 200, Tata steel gave a profit of Rs 480 and Power Grid and Sterlite did not reach the entry price and thus trade were not executed.

3. Free Indian stock tips for day traders and investors

Buy Reliance Petroleum>152.6,154,159 sl 149.5
Buy Reliance Power>167.75,170,178 sl 163.8
Buy India cement>138.1,140,143 sl 134.1
Buy Punj LLyod>307.1,311,317 sl 303.9
Buy Axis Bank>726.1,729,738 sl 719.8

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