Best Indian stocks to buy| Intraday trading Tips | 11 May

Impact of election results of india on market
India is a largest democracy and one will be seeing the completion of last phase of the parliamentary elections in the coming week and results will be seen in the following week. Moreover one will be seeing the outcome of India's industrial production data for March which is closely monitored by both BSE and NSE operators including bulls and bears. Nifty support exist at 3399 level and resistance at 3801 level. Globally data for US trade balance for March, retail sales for April, PPI and CPI for April, industrial production for April and Euro Zone GDP for Q1 are due for release in next week and these data have the potential to give accurate cue to the market. US banks stress test has revealed that 10 US banks need to raise $74.6 bn in capital and thus presently there is no requirement to nationalize any bank.


Verdict for BSE and NSE indices likely direction in coming week:
One may see profit booking at higher levels and thus one has to be cautious in this week. One needs to be cautious in these weeks and should avoid investing large amounts. These are also expected to have an impact on the market across the globe. Overall, the market in the coming week is likely to remain cautious and should see some profit booking at higher levels. Trade by being present near screen as market can surprise the bull with a fall as market is facing a crucial resistance. Keep profit intact by trailing the stop in positive territory.

Hot Stock Tips Results
As usual tips are generating profit for the readers as comments are a testimony for the same. We are keeping the message short and crisp like a skirt which should be long enough to cover every thing and short enough to arouse the interest. Our net connection is providing us continuous problem and thus not going through the ritual of finding the profit generated by the tips given on last Friday.

Best Indian stocks for day Trading | Intraday Trading India
Buy Jet Airways> 224.1,227.9,231,234 sl 218.8 (credit for this tip goes to one of my friend)
Buy Dabur>111.1,112.7,114.9 sl 107.9 {Dabur can be considered for investment above 110, though it will move like a tortoise slowly but will definitely provide handsome returns)
Buy Tata Elxsi>120.2,122.8,124.4 sl 118.5
Sell DLF<233.4,230,227,223 sl 243 (like a hare, will fall with a thud)

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