Indian stock Tips | Indian share tip | 04 May

Indian Market tip for Likely direction

Stk mkt is supreme and thus the shorts were trapped on the day of F&O expiry and if market stays above level of Nifty 3521 level than it can rally to 3600-3700 levels. However one need to keep Sensex 11199 under watch as any break of this level signals warning bells. Sensex has support at 11199 and  resistance at 11650. Similarly Nifty has support at 3399 and  resistance at 3525-3660-3750-3850. If Nifty breaks 3399 level than it can fall to level of 3250-3000. If we view historically all major falls in Indian market have occurred in month of May and it can be a trap also as mkt is still trying to find correct direction. Thus trading in this month with elections on head underway means that one has high odds stacked against the traders. If you have been looking for a break from stk market and wants to go on a holiday with children than 15 May-31 May is ideal time for the break due to uncertainty prevalent in the mkt during the duration due to formation of govt as it is again going to be a hung parliament and who knows Mayawati becomes Prime Minister. Futures and options data tracking also suggests that traders are divided as per the trend of mkt and thus no firm conclusion can be drawn from this data.

Sectors to Watch

One can be positive on IT, auto and telecom sector during the week.

How to make money from Indian stock Market? Assess Answer Here

BRFl made money Rs 750, LIC housing finance profit for the day is Rs 3600 as stock touched high of Rs 373, JP associates gains from day trade was Rs 890, TCS made money Rs 2790, ICICI bank returns from stk mkt were Rs 3290 and Wipro helped to get profit Rs 1235 for every 100 shares traded as per the given tip. Apollo hosp did not reach the entry price level and thus day trading not undertaken in the equity.

Indian Stock Tips | Day Traders Paradise

Buy Infosys>1521.1,1529,1545,1559 sl 1508.8

Buy Wipro>334.1,337,339,342 sl 326.5

Buy ICICI bank>485.1,489,494 sl 479.8

Buy TCS>631.1,634,339,644 sl 626.8

Buy JP associates>141.1,142.5,146 sl 138.8

Buy LIC hsg finance>367.1,369,373,379 sl 362.8

Buy BRFL>172.1,174,177.9 sl 169.8

Strong future Stocks of India

KPIT, JP Associat, Penin Land, Lic Housing, TVS Motor, Purva, HDIL, Axis Bank, Wipro & 31Infotech.

Weak Future Shares at National Stock Exchange

Alok Text, Titan, National Alum, Divi's Lab, ZEEL, Aban, Rolta, Power Grid, Ranbaxy & Hind Unilvr.

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