Future Indian Share Market: 2009
Indian elections result holds key to market trend and thus one has to book profit at these levels. However short-term trend is still up and one can exit all longs for short term at breach of Nifty 3299 level and for higher risk takers the breach of 3249 level in Nifty. Traders can buy in declines as long as the index holds above 3300. Support for BSE index Sensex stands at 10662-10444 and resistance exist at 11255. Similarily NSE India index Nifty has support at 3303-3238 and resistance at 3451.
Hot stocks tip Profit
Reliance sell recommendation made money Rs 1400, Redington provided profit to day traders Rs 950 and Torrent Power gains for the day were Rs 340 for every 100 shares traded as per given tip at either National stock exchange or Bombay stock exchange.
Reliable Day Traders Tips
Sell Reliance<1714.9,1703,1691 sl 1722.8
Buy Reliance>1741.1,1749,1764 sl 1732
Buy Torrent Power>105.1,108,110 sl 99.6
Buy Tata Power>881.1,889,899 sl 875.8
Buy Redington>145.2,148,149.9 sl 141.9
F&O Tips India
Strong Futures
Essar Oil, Gitanjali, Uni Tech, Kpit, CMC, Bajaj Hind, IVR Prime, S Kumar Syn, LITL & Mah Life.
Weak Futures
Sterling Biotech, Glaxo, Titan Inds, Hindustan Unilvr, National Alumini, Colgate Palmoliv, Cairn India, Divi's Lab, Hind Petro, & Great Offshore
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