1. Indian share market likely action:Sensex lost in half hour of the market due to oil price hike meet tomorrow and GDP data announcement. Nifty is likely to consolidate around 4500-4600 and Sensex around 15600-15800. presently no positive trigger is visible. Important triggers in days to come can be fuel price hike.Be prepared to see volatility in the market.
2. Strategy for traders: Do not take long exposures at higher levels. Book profits in day trades by using profit booking technique.Long calls can be taken if Sensex hits 15300-15800 or below and on the higher side if Sensex moves above 17300.
3. Recap for yesterday trading tips recommended on the blog:ACC gave a profit of Rs 1400, TCS gave a profit of Rs 1200, Cairn gave a profit of rs 800, NTPC gave a profit of Rs 250 and Satyam computers gave a profit of Rs 1900
4. Strong Future Stocks
Chambal Fertilisers
JSW Steel
Lupin
Tata Chemicals
National Aluminium
Satyam
Aban
SCI
IFCI
GE Ship
5. Weak Future Stocks
Peninsula Land
India Info
Voltas
Unitech
Ansal Infra
IOB
India Bank
Patel Engg
HCC
GDL
6. Free daily online profitable tips for Indian stock market for day trading:
Buy ACC>662,678,701 sl 656
Buy CAIRN>291.1,295,299,304 sl 287.5
Buy NTPC>173.1,177,183 sl 169.5'
Buy satyam>525.1,533,542 sl 518.9
Buy PFC>136.1,139,144 sl 133.8
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Free daily online profitable tips for Indian stock market for day trading:30 May
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