Due to my visit abroad will be able to post as per the availability of net connection. However do keep on logging as I will keep on updating as per the availability of time due to prevalent time differential in the European countries as compared to Indian mean time. Do keep on logging during trading hours as some valuable tip may be given during the course of the day.
Nifty Update
Nifty is in uptrend and same is also being shown by the moving averages. Thus do not blindly short the market. However trade with stop loss as a bout of profit taking can emerge. Sensex support exists at 15000 with resistance at 15300-15600-16046. Nifty support exists at 4400 with resistance at 4615-4700-4789.
Day Trading Tips
Buy SBI>1715.1,1725,1738 sl 1698
Buy PFC>226.1,228,230 sl 222.9
Buy Punj Llyod>235.1,239,245 sl 228.9
Buy SAIL>172.1,174.5,175.9,178 sl 168.8
Buy TCS>491.1,498.8,508.8 sl 485
Strong futures
HCL Tech, sesa Goa, Wipro, DCHl, Grasim, Tech Mahindra, Maruti, Punj Lloys, Voltas, MPHASIS.
Weak futures
Suzlon, Orchid Chem, pantaloon, Moser Bear, Bargarjuna Fert, Sintex, Chambal Fert, RCom, GTL Infra, Sterlin Bio.
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