Indian Stock Market Tip
Nifty is likely to show a move of approx 200 points on either side as and when it breaks the level of 4401 0r 4199 and thus F&O traders can benefit with a straddle strategy and make money with one sided movement of 200 points in Nifty. As a strategy exit in a rally and buy in dips.
Trade analysis
Axis bank made money Rs 2880, BOB helped day traders rake in profit Rs 315 for every 100 shares traded as per the given tip. Punj llyod did not reach the entry price and thus trade was not executed.
NSE BSE Intaday tips
Buy Axis Bank>871.1,876,879,888 sl 859
Buy Videocon Industries>181.5,184.5,188 sl 176.8
Sell Ranbaxy<245.9,243,24o.5 sl 252.6
Strong futures
Edu Comp, Tulip, Patel Eng, Colpal, GT Off Shore, Axis Bank, Union Bank, Indus Ind Bank, Tech M & LIC Housing Finance.
Weak futures
Ranbaxy, BRFL, Sterlin Bio, CESC, Nation Aluminium, India Cement, Tata Motors, Sun Pharma, Bharat Forge & Orchid Chemicals
