Free Indian Stock market day trading Advice:24 Dec

1. Recap: Only Satyam Computers and GTL reached the entry level and gave a profit of rs 22/- and rs 4.5/- respectively for each share bought. remaining all stock can be kept under watch to enter as and when it reaches the entry level.

2. Previous Week Stock Market Diary: It was a difficult week for the bruised Indian market. Global selling pressure had a cascade effect on the market, a holiday season ahead and the F&O expiry with a truncated week expected next week added to the gloom. The market did not take any directional call and was rangebound through the week. The weekly figures are: Sensex and Nifty were both down 4.5% each, CNX Midcaps Index down 5%, BSE Smallcaps Index down 3.2%, BSE Metals Index down 7.5%, BSE Oil&Gas Index and BSE Capital Goods Index both down 6%, BSE Realty Index down by 6.4%, BSE Bankex Index down 5.4% and BSE Auto Index down 3.4%.

3. Current day Stock market Update: Nifty is in consolidation mood and still it has not shown its real uptrend mood and it has to cross decisively above 5851 to show its bull run.

4. Strong Future Stocks:

Adlabs Films
Bajaj Hind
Lanco Infratech
Deccan Aviation
Renuka Sugars
Ansal Properties
Essar Oils
VSNL Ltd
Triveni Engg
Alok Industries

5. Weak Future Stocks

Crompton Greaves
BHEL Ltd
Bharat Earth Movers Ltd
Sterlite
Patni Computers
Federal Bank
Tata Motors
Satyam
IVRCL
NTPC

6. World key indices

SENSEX 19162.57 ( +70.61)
NIFTY 5766.50 ( +15.35)
FTSE 6314.10 ( +29.60)
NASDAQ 2601.01 ( +4.98)
DOW JONES13206.95 ( -25.52)
NIKKEI 15031.6 (+1.1)

7. Free Indian Stock market day trading Advice:

Buy Fortis Healthcare>102.55,104.8, 109.4 sl 98.9
Buy Selan Exploration>165.1,169,174 sl 162.9
Buy ONGC>1191.1,1199,1204,1222 sl 1187
Buy Satyam Computers>430.2,436,447,455 sl 426.9
Buy Clutch Auto>118.55,121,127 sl 115

8. Delivery Tip: One can hold clutch auto for one year to see a likely target of 170/-

8. Note on Satyam Computers: Satyam has a stiff resistance at 455 and if it is not breached decisively we may again see the stock touching 410 levels which is again a good support.