BSE and NSE presently crucially poised from where the one sided move may commence. If the level of Sensex 14188 is given than 14000-13600 level is in sight. Sensex has resistance at 14655-14727-14894-15135-15750. If we deeply analyse Sensex than it can fall max to the levels of 12750 which is nearing a crucial set up for the index and Nifty can max fall to the level of 3850. Nifty has support at 4201 level and resistance at 4425 levels. Trade with positive bias if Sensex is able to sustain above 14450 levels. However as a caution do not blindly short as market is oversold and a dead cat bounce back is not ruled out. Trade with a proper trading plan and stop loss in place.
Profit Analysis from BSE NSE Tips given on Friday
ONGC profit for the day was Rs 2760, Nagarjuna profit is Rs 260 and DLF sell tip profit was Rs 360 for every 100 shares traded as per the given tip.
Tomorrow tips of Indian market for day trading
Buy Gateway Distripak (GDL) >102.1,104.9,108.8 sl 97.5
Buy TCS>382.5,388.5,395 sl 374.8
Buy Axis Bank>766.1,769.9,778,784 sl 747
Buy Larsen and Toubro>1515.1,1529,1489 sl 1495.9
Sell ONGC<998.8,991,981 sl 1004 ( trade in sell recommendation with trailing stop loss as stock can reverse any time as it is in oversold zone) Sell Nagarjuna Constructions<118.8,116,111 sl 123.1
Strong futures at National stock exchange
Bajaj Hind, Tech M, Indus Ind Bank, M Phasis, Central Bank, Balram Chin, IDBI, JP Hydro, GT Off Shore & LIC Housing Finance
Weak Future Tips
NTPC, CESC, Ge Ship, Sterlin Bio, H Dil, Orchid Chem, Jet Airways, India Cement, Edelweiss & TCS.
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