Stock Market Crash Update
Nifty has to move above the level of 9025 to show some uptrend. However Nifty is still persisting in downtrend and due to F&O expiry in coming week market is likely to remain subdued. To sum up the likely target of for Sensex and Nifty is 7850 and 2500 respectively. Nifty has to move above the level of 2750 to commence its upward journey. Remember the condition in Indian share mkt is not as bad as 1929 stock market crash, however we are not immune to the crash prevaling in the mkt. UK has officially confirmed the recession and loss recorded by Royal Bank of Scotland is known to all and as a result the European stocks are reeling under pressure. One need to watch the Reserve Bank of India monetary policy review statement on Tuesday. A cause for concern is that FIIs have sold close to $1 billion stock in January and the volume is low at both NSe and BSE.Share Market Holidays
I hope it was a good break from the monotonous routine in form of an elongated weekend and not to forget a “Very Happy Republic Day” as we are breathing independent air courtesy our freedom fighters and I salute them for their valor.Tips Results for Public to Analyse
Balrampur Chini profit is Rs 340, SBI sell recommendation gave profit of Rs 4800 for every 100 shares traded as per the given recommendation. Balance of the Indian share tips did not reach the entry price and thus the tips were not traded.Intraday Trading Tips India
Buy Akruti>801.5,810,820 sl 796.8Buy Balrampur Chini>53.1,55.5 sl 51.8
Buy Neyveli Lignite>78.5,80.5,84
Buy Power Grid>86.5,87.3,88.15,90 sl 84.5
Buy Cipla>187.1,190,193 sl 182.9
Sell Infosys<1188.8,1150 sl 1193.1
Sell SBI<1028.8,1011,995 sl 1035
Stock Market Futures - Strong futures
PolarisBalrampur Chini
Power Grid
Ultra Cem
Neyveli
BEL
Hero Honda
Colgate palmolive
Naukri
Matrix Labs
Stock market report - Weak Futures
RoltaAban
IVRCL Infra
DLF
Zeel
Punjlloyd
Nagar Const
Welguj
TVS Motor
Kotak Bank
Siemens
