Indian markets were on the fast track as expected fourth quarter GDP growth was better than expected as India’s GDP grew at a faster pace than expected 5.8 percent in the March quarter from a year earlier. Globally Baltic Dry Index which tracks rates to ship dry commodities has risen to a eight-month high yesterday and same is on the back of high demand from China. One needs to keep an eye on US and UK economy which can be put on watch by credit rating agencies. One is not likely to see US or UK economy down gradation as at this stage tinkering with dollar will be like adding the fuel to fire. Point to note is that US GDP has shrunk by 5.7 percent
Commodity Tip: Crude and gold
Crude is nearing 50 week EMA at $66.30 and if the crude can sustain above this level than one can see crude touching the 200 week SMA at $74.70 and thereafter $79 which also represents the 38.2% Fibonacci retracement level. Gold is also in upbeat mood and gold has surged to 2-week high and it has again crossed 15-k level on global cues.
News of use for making trading decisions
NSEL launches Indian Bullion Market Association
Sun Pharma March quarter net tumbles
Banks agree deal to ease conditions on Tata Steel loan
Oman to up oil output to 830,000 bpd by end-2009
Tata Steel secures 3.67 bln stg loan waiver - bankers
Bharti, Wal-Mart joint store first to open in India. Bharti Wal-Mart may invest $100 mn in 4 yrs in opening stores
GM restructures as bankrupcty deadline looms
Profit Analysis for Indian share tips given by Analyst
Punj Llyod profit is Rs 1835, Unitech gains from mkt is Rs 410, Suzlon made money Rs 820, Indiabulls real estate returns for day traders were Rs 2430, Seamec delivered rupees 705 ( however it was notional as stock got an upper freeze) and RNRL gains were Rs 380 for every 100 shares traded as per the given tip.
Day trade to achieve Financial freedom in India
Buy Reliance>2275.1,2300,2307,2315 sl 2263
Buy SBI>1871.1,1879,1889 sl 1858.8
Buy Kalindee Rail Nirman>166.1,169.9,171.9 sl 163.8
Buy Punj LLyod>205.1,208,211 sl 201
Buy India bulls real estate>251.1,254, 258,262 sl 243
Buy Unitech>80.5,82.5,84.5 sl 76.9
Indian stock market strong future shares
Brigade, Ansal Infra, IVRCL Infra, IVR Prime, HCC, Financial Tech,HTML Global, Parsvnath, JP Hydro & Purvankara
Weak futures of NSE India
Sunpharma, ITC, Cipla, Hind Uni Lever, Tata Tea, Dabur, Sterling Biotechnology, Glaxo, Colgate Palmolive & Infosys Technology
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