Day Trading and Commodity Tips to make Money: 14 May

Global Market Indicators for Stock Market

World wide the indicators which can let one know whether recession is over or not can be done by tracking the manufacturing activity, durable goods orders, commodity prices, retail sales (especially consumer durables), new auto sales, and new housing starts. So going by those cuew we tracked the car and bike sales for the month of April 2009 in Indian and found that the same has gone up. However do nto become happy as real trend indicator is sales of trucks and as per data released by Ashok Leyland, sale of trucks has gone down by 69.33% decline in April itself. Moreover technical indicators like Nifty trin and MACD are indicating a bearish outlook. Sensex has to cross above 12300 to get some momentum and if it falls below 11599 than fall will commence. However one needs to see market tommorrow morning as one may see a gap up or gap down reaction based on exit poll results. As an advise avoid being in market in these times of uncertainity and be on the sidelines as current trend is not clear as market has shown upmoves ahead of elections and that too in times of uncertainity or market knows that a stable govt is going to be formed and it has discounted the election poll result news.

BSE appointement
Madhu Kannan has been appointed as managing Director & chief executive officer of Bombay Stock Exchange (BSE) and he has shown his mettle as he has held positions at NYSE Euronext and was presently managing director of Bank of America-Merrill Lynch based in New York.

Commodity Update
Crude is in uptrend and any breakout above the level of $60 will see crude rallying above $65 per barrel or to $68 which is its 55 week exponential moving average price. The rally can be attributed to increase in China's oil imports which have increased by 14% in April this year on a YoY. As a thumb rule remember that Gold and Crude price remains in a proportion of 15:1. It is a fact which can not be ignored that since the time this recession has started i.e. since January 2008 only gold and silver have been able to remain steady and thus both these precious metals are aptly described as safe heaven for investment.

Profit from Nifty intraday Stock Trading
Axis bank returns for day traders were spectacular with Rs 2090, ICICIbank profit is Rs 960 and it hit bang target no 2 for stock, DLF tip was not to be traded as its initial trade was at 190 which can be either an aberration or bears are ready to assault the stock, Fortis gains were Rs 135 for every 100 shares traded as per the given tip.

Trading Picks and Tips for NSE and BSE in India
Buy Axis Bank>681.1,688.9,698 sl
Buy Fortis>75.1,76.5,77.9 sl 72.9
Buy ICICI bank>561.1,568.8,573,585 sl 554.8
Buy Kotak bank>491.1,498.8,507.9 sl 484.8
Sell DLF<226.8,221,215 SL 231.1
Buy Bajaj Auto>741.1,745.8,755,765 sl 734.8
 
Indian strong Future Shares
Bhusan Stl, Jindal Saw, Bajaj Hind, 3I Info Tech, HDIL, Havells, Axis Bk, IDFC, Tulip & Kotak Bank.

Weak Future Shares at National stock Exchange
Hind Uni Lvr, India Cem, Sterlin Bio, IVRCL Infra, Colpal, Alok Text, Cipla, Ambuja Cem & BPCL
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