Free Day Trading recommendations for Indian Scrips:29 Oct

1. Recap: All the recommendations given for Friday trading gave very high returns for E.G. Unitech gave a return of rupees 12.3 per share, Guj Apollo gave a return of rupees 13.5 per share, Gitanjali Gems gave a return of RS 28.7 per share and Bharat Forge gave a return of Rs 23 per share. I am fully confident that with such amazing results all the traders will be making money . Walchandnagar recommended as a delivery 3 days back has been hitting consecutive freezes post the tip has been recommended on this blog.

2. NSE & BSE update: Stock market is likely to hit 20000 mark by Diwali if the pace of stock market remains the same as Fed is likely to cut the interest rates by another 0.25% and will result in enhanced flow of funds to Indian Economy. Simultaneously profit booking cannot be ruled at the higher levels. Watch Sensex 19500 and 19800 levels.

3. Key world Indices:

SENSEX 19243.17 +472.38
NIFTY 5702.30 +133.35
FTSE 6591.30 +0.23%
NASDAQ 2750.86 -0.86%
DOW JONES 13671.82 -0.02%
NIKKEI 16505.60 +1.36%

4. Strong Future Stocks

Larsen & Toubro
India Infoline
Crompton Greaves
Reliance Petroleum
Divi Lab
Indusind Bank
Jindal Steel
Triveni Engg
Punj Llyod
GE Shipping


5. Weak Future Stocks

Patni Computers
ACC
Strides Acrolab
Cummins
Peninsula Land
I-Flex
Ansal Prop
TVS Motor
Chambal Fertilisers
Mah Seamless

6. Free Day Trading recommendations for Indian Scrips:

(a) Buy Unitech>354.1,359,361, 369 sl 351.5
(b) Buy NTPC>231.1,233,237 sl 229.9
(c) Buy IDEA>141.1,145,148,155 sl 139.3
(d) Buy India Hotels>144.1,144.9,146.9 Sl 142.8
(e) Buy Bharti Airtel>1004.5,1011,1023,1055 Sl 999

7. Delivery Stocks:

(a) BuY Larsen&Tourbo for super duper returns in one year i.e money will double.
(b) Buy M&M to seea 4 digit target.

8. Infosys can be bought if it trades above 1876.

8. Note for Future Traders: Do not get carried with euphoria and avoid playing high stake games else you will burn hands as market can trade in any significant direction with a bias towards down side as Puts are trading at heavy premium.