Indian Dallal Street Daily Hot Shares Tips in India | 16 June

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Indian Share Market Analysis and Tips

Indian market is showing a sideways movement coupled with profit booking. Sensex support exists at 15200-14900 with resistance to the up move is at 15580-15651-16046. NSE Nifty support for day is at 4449 with resistance at 4615-4651-4789. Anticipation of a good Budget could keep things buzzing till settlement. As a strategy for trading one can book profit on rallies and can re enter on correction or dips.

Result Day Traders Trade analysis
It was a strange day as only 3 tips were given and only one tip reached the entry price and trade was executed in Union bank giving a profit of Rs 525 for every 100 shares traded as per the given tip. SBI and Hindalco did not reach the entry price and thus trade was not executed. Delivery recommendation for Noida toll yielded handsome returns in a single day.

Day Trading Tips in India
Sell SBI<1609.8,1601,1585,1578 sl 1627 ( Be careful as stock can bounce from the level of 1600 and if this level is broken than again a steep fall is in offing as charts are indicating a likely fall in stock). Head and Shoulder pattern being observed in the chart.
Buy Union bank>233.1,236,239 sl 226.4
Buy NTPC>225.1,228,231 sl 218.7
Buy Videocon Industries>187.1,189.5,192 sl 181.9


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