Indian Share Tips | Stock Market Alert and News |25 May

Indian stock market Tips

Presently BSE and NSE are witnessing high volatility due to market direction being not clear and thus a high intraday volatility is seen. However medium to long-term outlook for the markets is positive due to formation of stable govt. Derivative expiry in the coming week can play spoil sport and thus one must keep Sensex level of 13599 under watch as any breach of this level will mean that euphoria is going down and market will come to realistic levels. Sensex has support at 13599 with resistance to the up move is at 14215-14452. One has to keep an eye on economic data and full FY09 and Q4FY09 GDP numbers on the last day of the coming week. Thus one has to adopt a cautious outlook and one can see wild swings in both directions. If we study charts we find that a doji cross has been formed and in an upswing Nifty can touch 4800 levels and if market consolidates than it will do so in a range of 4150 and 4600. Nifty has support at 4155-4140-3900 with resistance at 4350-4428- 4500- 4597-4650. Internationally markets are once agin seeing complacency levels as CBOE index has fallen below pre Lehman Brothers crisis.

International and National News Affecting Stock prices

(a) UK confirms GDP shrunk 1.9 pc in Q1
(b) NTPC PAT up 10.61 pc
(c) Tech Mahindra acquires 31% in Satyam AND Tech Mahindra says Satyam has 10,000 staff in excess. Thus satyam should be ready for an axe as and when govt sponsored elements are out.

2009 Elections impact on stock Market

Announcement of portfolios and market has liked the same with Mr Pranab Mukherjee getting Finance portfolio, Mr P.Chidambaram Home, Mr A.K. Antony Defence, Mr S.M. Krishna External Affairs, Ms Mamata Banerjee Railways and Mr Sharad Pawar Ministry of Agriculture, Food and Civil Supplies, Consumers Affairs and Public Distribution. After the Cabinet meeting, Mr P.Chidambaram told the media that it had been decided to get the budget for 2009-10 approved by Parliament by July 31. The cabinet has also recommended to the President the convening of Parliament session from June 1 onwards for seven sittings.

Commodity Tip: Crude Update

Wall Street Journal suggests based on a new International Energy Agency (IEA) report that short term cutting of energy investment could lead to a big bounce back in oil prices within the next three years. As the recession pushed the cost of oil below 60 dollars a barrel, energy companies have pulled back or put off investments totaling over 170 billion dollars. By cutting investment, it is estimated that future oil supply will be reduced by close to two million barrels per day.Though oil is currently abundant due to weak global consumption, the beginning of an economic turnaround could mark a new upsurge in oil prices. According to IEA chief Economist Fatih Birol, “come around 2012 the impact of this big recession on oil investment and capacity, if current trends continue, could be severe with much higher oil prices.” point to note is that IEA is considered one of the most reliable energy statisticians in the industry.

How to make Money from Stock Market?

Last Friday ABG shipyard gave profit of Rs 890, HCC gains in stk mkt trading is Rs 390, day traders were gung ho with profit of Praj which stood at Rs 1035, Punj llyod returns from BSE were Rs 380, Prakash gains Rs 100 and Rolta made money in stock market to tune of Rs 740 for every 100 shares traded as per the given recommendation based on technical analysis which is followed by even brokers also for recommending the same to their clients.

Intraday Trading tips India BSE NSE

Buy Rolta>115.1,117.5,121.9 sl 109.2
Buy Punj Llyod>185.1,187,191.9 sl 181
Buy NTPC>217.5,219.9,221.5,225.9 sl 211
Buy HCC>102.5,104,106,109 sl 99.5
Buy Great Offshore>333.1,339,349 sl 323.9
Buy Glenmark>227.1,229.9,231.9,238 sl 219.8
Buy ABG Shipyard>221.1,224.9,229.8 sl 216.8
Buy Noida Toll>40.2,40.8,42 SL 38.5
Buy Voltamp>701.1,709,719 sl 693
Buy Indramedco>38.1,38.7,39.9 sl 36.2

National stk exchange strong future share

Financial Tech, IVR Prime, HDIL, NIIT Ltd, HTMT Global, Sobha, IFCI, Patel Eng, Hinduja Ven & Nagar Fertilisers

National stk exchange Weak future shares

Jindal Stainless, Birla Jute, Glaxo, ITC, Cipla, Colgate palmolive, Sterling Biotech, Hind UniLever, Infosys & TCS.
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