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Indian Share Market | Hot News | Share Trading Tips | 23 Apr

Free Stock Tips India, Stock Tips for Today, Best Share to Buy in India Intraday, Best Share to Buy in India Intraday, Nifty Future Prediction

Reliance results are due tomorrow and good results will be able to take Nifty to next level of 5500. Reserve bank of India is going to give some more time to banks to enable them to meet 70% provision coverage ratio which they are scheduled to achieve by September 2010 and thus we are seeing a smart rally in banking sector.  Advance decline ratio is negative and now tomorrow the results of Reliance holds the key for Indian stock market trend in the further days to come. One can see profit booking at higher levels as open interest is seeing a reduction and same is with decrease in the cost of carry. Analysis of option front shows that IV (implied volatility) has increased marginally and same shows that volatility will remain high in the market. We will have to wait if the level of 17585 is maintained on the closing basis consecutively.
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Indices Support Resistance
Nifty 5230-5289-5122 5380-5451
Sensex 17400-17133 17662-18112

Indian IPO Info

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Jackpot Tip Profit
Stock Profit (Rs)
Tip 2275 (Rs 50,000 Trading)
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Intraday Trading Tips
Share Gains (Rs)
Tips 31540
Future and Options Daily Paid Tips
NSE Nifty 50 Stocks Made Money (Rs)
Tipz 46650
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Financial News of Significance
  • Citi expects sustained but uneven global recovery.
  • A bill to raise the ceiling of gratuity for employees to Rs 10 lakh from the current level of Rs 3.5 lakh was introduced in the Lok Sabha today.
  • IMF chief urges G20 cooperation on finance reform.
  • Greece rating cut, deficit worse than feared.
  • Fujitsu president says may cut 2010/11 profit target.
  • Obama to Wall St: Join us, don't fight us on reform. US President Barack Obama attacks critics of his banking reforms in a speech, warning of the risk that the financial crisis will be repeated.
  • Goldman urges clients to stay on board.
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Indian top stock picks
Strong future shares
DCB, Pir Health, Zeel, Polaris, Uco Bank, Sintex, Nagarjuna Const, Indusind Bank, GE Shiping & Allahabad Bank. 
Weak futures stocks
Triveni, Renuka, Bajaj Hind, McDowell, BEL, Punj Lloyd, Uniphos, Educomp, ONGC & Tech Mahindra.

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