Intraday stock tips for online Trading : 16 Jan 2009

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1. Indian Stock Market Update:  BSE Sensex has strong support at 9000 levels and can target the level of 8945 with resistance  at 9300-9557-9731. NSE Nifty support is at 2686 and the Sensex resistance exists at 2882-2931. The clear trend of the market will emerge on friday and thereafter one can see some direction coming in the market. However higher chances exist that the market will be range bound for next 4 months.


2. Analysed Stock tips profit: Due to poor sentiments in the market none of the tip reached near the entry price and thus no trade executed. Do not be in a hurry to trade and let the market settle down.

3. Trade with researched stock tips for BSE and NSE
Buy Mahindra and Mahindra>323.1,327,330 sl 317.8
Buy Maruti>591.1,598 sl 588.8
Buy Balrampur chini>51.1,52.45,54.45 sl 48.9

4. Indian shares strong futures data

Balrampur Chini
Maruti
M&M
LIC
Nucleus
Dabur
Tata Tea
Infosys Tech
Grasim
Can Bk

5. Analysed results for Weak Futures

Roltas
TVS Motor
Strtech
Sasken
BRFL
Siemens
Punj Llyod
Pantaloon
Ansal Infra

DLF

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