Stock market today | Tomorrow
Nifty and Sensex is showing bounce on back of good global cues, however one need to book profit at every rally as mkt at best can go up to Nifty 2900 levels due to short covering. Pakistan political situation is not under control and thus same will affect the rating by other investment agencies for India. One need to keep the support for BSE Sensex under watch which stands at 8047 and Sensex resistance at 8522-8676. NSE Nifty support exists at 2539 and Nifty resistance exists at 2704.Profit from free Newsletter tips
Akruti was a multibagger stock with profit sky rocketing to Rs 9790, BRFL made money for day traders to tune of Rs 835 for every 100 shares traded as per given recommendation. SBI tip was not to be executed as opening and high price of the day were same. However SBI is hovering near the entry price. Reliance sell price did not reach the entry level and thus the trade was not executed; however this strategy can be kept in mind as and when Reliance reaches near this level.Day Trading stock advice
Buy Akruti>1081.1,1099,1112 slBuy SBI>915.1,930 sl 909.8
Buy Cairn>164.1,165,166.35 sl 162
Buy Aban Offshore>236.1,243,1,248 sl 231.9
Buy BRFL>122.5,124,128 sl 118
Buy Nalco> 205.5,208.5,212 sl 201.4
Buy Cipla>206.55,209.3 sl 203
Market research
Strong FuturesBRFL, Amtek Auto, Mphasis, Shree Cem, M&M, Escorts, Maruti, Hero Honda, Ashok Ley & Century Textiles.
Weak Futures
Rolta, Aban, Indian Bank, Ranbaxy, Syndicate Bank, EKC, WelGuj, Triveni, Tata Chem & MoserBaer.
