Daily updated free Intraday tips to trade | 26 May

Stock Market Tips India
Intraday volatility is taking its toll on the market and same is likely to continue till the time derivative expiry is not over at national Stock Exchange Ndelhi. Presently the primary trend is up; however strong bearish divergence on Twiggs Money Flow (21-Day) warns of selling pressure. Thus keep an eye on Sensex 12250 level and if this level is broken than one has to be ready for a fall which can take the Sensex to 11000-10500 levels. One can initiate longs in the market if Nifty is able to breach past 4325 and thereafter Nifty can touch 4450 levels. As a thumb rule in such type of markets one should trade with the trend and one should not try to predict the trend as one can go wrong. To sum up the share market movement one can say that 12599 is a crucial support for Sensex and has resistance at 14225-14455. Similarily Nifty has support at 4155 with resistance at 4350-4650. Global markets were affected due to Nuclear test firing by North Korea. Ben Bernanke suggests being optimistic, creative and open-minded while dealing with stock market volatility.

Future and Option Tip India
Presently one should avoid buying Options due to high volatility index which translates into high premium.

Indian Companies News affecting Share Price
(a) Hind Motors Uttarpara plant to be shut May 26.
(b) Bharti: MTN deal may change SingTel stake. Bharti, SAfrica's MTN seek $60 bln merger. Consequent to that Bharti may raise $3-4 bln debt for MTN. Bharti says no plans for rights issue for MTN deal.
(c) UTV Software founder pledges 6.5 pct equity.
(d) Transformers & Rectifiers ups capacity.

Crude Update
Oil falls towards $61; OPEC cut unlikely. If we analyse the previous oil high spike than one can justify the same as a 'demand shock' for crude from countries like China and India. T. Boone Pickens who is a billionaire courtesy oil sees oil at
$75 by year end and $200 per barrel within five years. The same view is also endorsed by Warren Buffett.

Profit analysis day trading Tips
One of the readers has commented to have less tips and we also personally feel so as working out profit also becomes a tedious process. We may have to hire some staff to do some number crunching for us and we will try to give a new look the way
profit is presented in a more realistic manner. As suggested for today market, the tips have given profit and day trader can have a smile on the face. You will be seeing more profit in days to come as we will be investing more in trading tools to get further higher accuracy. Without batting an eyelid one can say that Voltamp was the star reciommendation of the day touching extremes. Glenmark closed with a 13 percent gain in a single day.

Intraday Tips Dalal Street-BSEIndia and NSEIndia
Buy Voltamp>723.1,729,739,744 sl 717.8
Buy IRB Infra>142.1,144.9,146.9 sl 139.5
Buy Fortis Healthcare>105.1,109,114 sl97.9
Buy Punj LLyod>181.1,185,189 sl 175
Buy Great Offshore>332.1,335,337.9,344 sl 324.9

Strong futures at NSE
NIIT,Patel Eng, IFCI, HTMT Global, IVR Prime, Finan tech, Parsvnath, Gitanjali, Sobha & IVRCL Infra.

Weak Futures at NSE
Glaxo, Cipla, Colpal, Infosys tch, Hind Uni Lvr, ITC, TCS, Sterlin Bio, Tata Tea & Bharti Airtel.
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