Best Intraday Nifty tips to make Money | 07 May

National Stock Exchange and Bombay Stk Exch Tip & Action Plan

Profit booking at higher levels has been activated. Market is waiting for U.S. stress test to see the health of its banks. Thus we are in consolidation phase despite Sensex 12000 level have been broken. One need to keep Sensex Support of 11649 under watch to come to a firm conclusion. Bombay stock exchange index has resistance at 12569-12857. Similarly Nifty support exists at 3599 with resistance at 3755-3825. Nifty pivot stands at 3651.Overall trend will be clear only after the govt is formed as every body is waiting for election results due to prevailing political uncertainties ahead of general election results. Globally laying off is in full swing with Microsoft issuing notice for laying off 5000 employees. At home front good news is that home loan demand is increasing which will stimulate the economy.

President Obama Effect on Indian Economy

Obama is about to deliver on his election promises and has made a statement at White House stating that the companies outsourcing jobs to countries like India, Philippines, China etc are going to get the tax axe. Already BPO industry is facing the heat and we have seen United Airlines cutting 165 jobs from India and shifted them to the U.S. in February. Delta Airlines canceled its contract with Wipro BPO and has shifted the work back to the U.S. The point to note here is that by virtue of this outsourcing customer care services to India by Delta Airlines; it was saving a $25 m a year. Chrysler, the automobile manufacturer is also expected to move its customer-service centre back to the U.S. Sallie Mae, loans provider plans to shift 2,000 jobs from India, Philippines and Mexico to the U.S. Last but not least JPMorgan, which has two call centers in India, is also considering shifting work back to Florida. Thus if we see that Obama effect has started casting its effect on Indian economy to an extent and IT industry is likely to be most affected due top these actions. As per Mr Bernanke US economy is going to 'turn up' this year; but at the cost of growing nations like India. If Obama plan is placed in action than one is likely to see outsourcing cost to go up by 50%.

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Crude and Gold Update

Oil breaks above $55 on jobs data info and India gold futures may trade higher on foreign cues.

Company News to Follow

ICICI Bank has got a negative rating which has been given by the Standard & Poor''s (S&P) on its US commercial paper (USCP) program. S&P Ratings Services had placed its ''A-1'' short-term issue rating on the USCP program under CreditWatch with negative implications. despite this ICICI bank is not leaving aggresion and will be opening 580 more branches as per Mrs Chanda Kochar statement.We hope that it do not become big for its own boots and collapse under its own weight.
Riding Tata Nano car success Tata is going to launch Tata introduces 'Nano' housing for Rs 3.9 lakh-Rs 6.7 lakh and it will be able to make profit by working on economies of scale. we have full faith in Tata and are more than 100% sure that it will not cheat any middle income group individual for their personal gains. Unveiling of Tata Nano speaks of their commitment.

Daily Income From Free Share Market Tips for Indians

Bharti Airtel profit is Rs 600, BRFL gains Rs 190 and exactly hit the first target, Wipro gains were Rs 280. Bata, TCS and ITC did not reach the entry price.

Intraday Nifty Tips to increase bank Balance
Buy Siemens>337.1,345,349 sl 332.6
Buy Bharti Airtel>762.1,779,789 sl 755.8
Buy BRFL>171.5,173.4,174.5 sl 168
Buy Tata Elxsi>121.1,123.5,125.9 Sl 117.8
Buy Bata>123.1,124.4,125.6 sl 119.8
Buy ITC>194.1,196.9,198.5 sl 189.8

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