For the time being as predicted yesterday market caved in due to profit booking and thus one can take a correct call for market based on the support and resistances for the stock. If we analyse the reason for slump in Indian market, same can be attributed to huge selling pressure led by heavy profit booking after a recent rally. Negative European markets contributed largely to the southward journey. Additionally, lower US index futures also weighed on sentiments. The yesterday morning gains can be attributed to positive cues from global markets and disinvestment news from govt. Thus now one has to trade with support and resistance. Sensex support exists at 14548-14295 with resistance at 15130. Nifty support exists at 4314-4238 with resistance at 4436-4615-4700-4789.
Analysed Tips Profit Analysis
SBI profit for the day is Rs 3190, PFC helped to get Rs 290, Punj LLyod raked in money Rs 1040, SAIl provided a marginal profit of Rs 160 for every 100 shares traded as per the recommendations. TCS tip did not reach the suggested entry price and thus trade was not executed.
Onlne Stock Trading Tips for NSE BSE
Buy Adani Enterprises>855.1,859,865,875 sl 848.8
Buy ONGC>1101.1,1108.8,1118,1128 sl 1089
Buy Punj LLyod>241.1,244,248.8 sl 237.8
Buy SBI>1711.1,1728,1745 sl 1698
Buy PFC>221.1,224.8,228.8 sl 214.8
Sell IDFC<126.8,123,121 sl 130
Buy HDIL>242.1,245,247.5 sl 237.8
National Stock Exchange Strong futures
DCHL, Sesa Goa, Punj Lloyd, Yes Bank, GSPL, Wipro, Aurobindo Pharma, Jindal Steel, HCL Tech & MPHASIS.
National Stock Exchange Weak futures
Pantaloon, Chambal Fert, Suzlon, PYC, Orchid Chem, GTL Infra, R Com, FSL & Praj Industries.
Click Here to Get Free Indian Share Tips in Email
