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Stock Tips for Tomorrow for Intraday Trading in India : 15 May

stock tipsIndian stock market is in tail spin with swing now geared to the downside as government data has shown that India's headline inflation has accelerated to 7.23% in the month of April and thus it has made the task of RBI all the more difficult to moderate monetary policy. Inflation, as measured by the Wholesale Price Index (WPI), was 6.89% in March 2012 and was 9.74% in Apr 2011.

To add fuel to fire Moody has downgraded ICICI bank, HDFC bank and Axis bank. This downgrade only makes loan borrowings a bit costly for these banks from international markets. At home front this down grade does not make a difference. Nifty has managed to stay above 4900 level which is positive news for the market and moreover Nifty has sustained above the lower end of Bollinger Band. Thus ideal is to trade in intraday with sure tip of the day and trade like an informed investor who has come to conquer the market.

The positive sentiment was generated in market by a weekend move by China's central bank which announced that wef 18 May, commercial banks reserve requirement ratio has been cut by 50 basis points. However market could not capitalise on the positive news inflow and thus we see Nifty forming bottom at 4850 level from where a bounce back can take place. If this level is breached than we may see Nifty dropping to the levels of 4770. Overall breadth was negative as 1,658 stocks declined while 1,048 stocks gained

Internationally we have Greece's political impasse continuing as Syriza party leader Alexis Tsipras insisted that his party will not participate in coalition negotiations with other Greek political parties that back earlier deals reached with the troika of international creditors.

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Support and Resistances for the Day

Indices Support Resistance
Nifty 4853-4766 4950-5000-5075

Jackpot Tip Profit

Stock Profit (Rs)
Tip 2830 (Rs 50,000 Trading)

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Intraday Trading Tips

Share Gains (Rs)
Tips 39945

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Future and Options Daily Paid Tips

NSE Nifty 50 Stocks Made Money (Rs)
Tipz 72980

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Strong future shares at National stock exchange

Colpal, Divis Lab, Asian Paint, BPCL, Mphasis, Bhushan Steel, Hind Uni Lvr, Bata India, Titan & Ruchi Soya.

Weak future stocks  at NSE

NCC, IVRCL Infra, Orchid Chem, GVKPIL, GMR Infra, Sintex, HDIL, Bombay Dyeing, Praj Ind & Unitech.

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Stock Tips India, Stock Tips for Tomorrow, Stock Tips Intraday

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