Indian Stock Market Tip
Technically charts suggest that Share mkt of India has peaked and is ripe to fall to the levels of Nifty 4200 levels. One should go long in Nifty only when the same starts trading above the level of 4710 for the likely target of 4850 which will be the peak of this rally.
Result analysis of the previous trading day tips
Union bank of India profit for the day was Rs 1185 as it achieved all the targets for the day; Hindalco gains for the day is Rs 340 (crossed Target 1) and Ranbaxy returns for the day were Rs 340 (just 10 paisa short of target 1) for every 100 shares traded as per the given tip.
Hot share tips India
Buy Union bank>235.5,237.9,239.9,245 sl 226.9
Buy Hindalco>102.5,104.9,106.4 sl 97.4
Sell SBI<1609.9,1601,1585,1565 sl 1627 ( Be careful as stock can bounce from the level of 1600 and if this level is broken than again a steep fall is in offing as charts are indicating a likely fall in stock).
Indian stocks to Buy
(a) If you have some spare cash and can wait for 6-12 months than invest in Hindalco as stock is in uptrend with a target of 149 with stop loss 89
(b) Noida Toll is another stock which is likely to most benefit from Common wealth games in India.
Strong futures stocks
Bajaj Hind, Satyam Com, JSW Steel, Tech Mahindra Ltd.,S Kumar Syn, Wel Guj, Bindal Agro, Auro Pharma, Sesa Goa & J P Hydro.
Weak Future Scrips
Canara Bank, BPCL, PNB, Hind Petro, Strides Arcolab, Sterling Bio, SBI, HDIL, Naukri & Syndicate Bank.
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Online Trading Tips for NSE BSE in India | 15 June
