Equity Market Tips : Analyzed Top Stocks to Buy : 21 June

The bloodbath has happened and now one need not worry as a fair support of Nifty 5200 has been established and same is also corroborated by study of the derivatives data. Today’s sell-off was based on news that tax treaty talks between India and Mauritius were likely to resume soon in an attempt to revise the existing double taxation avoidance agreement between the two countries. Only reason of worry is that index has closed outside the lower end of the Bollinger Band, and it shows a bearish sign. However in worst scenario we see Nifty touching the level of 5100. Now key lies in Nifty to move above the level of 5305 to make any movement in positive direction. We had predicted this market crash and our readers and subscribers have definitely benefitted by virtue of the number of phone calls received by us for correct analysis. Thus make use of the sure tips and make killing in the market every day as stock specific action is the order of the day irrespective of the prevalent trend in the market.

To make it simple we must understand what is DTAA or Double Taxation Avoidance Agreement is a tax treaty that India has with 65 other countries. If NRI is a resident in any of those 65 countries and is paying taxes on the income earned in that country, then he/she is eligible for a lower deduction of tax on income earned in India in that financial year. The real villain came in the form of reports that the Mauritius government had agreed to restart talks of revising the double taxation avoidance agreement (DTAA) treaty with India. This triggered margin calls as well as institutional selling. Finance Secretary too confirmed that a change in the Indo-Mauritius tax treaty is in the offing. "Mauritius has given its in-principle nod to mull treaty review and we would discuss Mauritius tax treaty in July-August." As a net result we saw overall breadth in the market as negative as out of 2920 stocks traded on the BSE, 2279 stocks declined, while merely 556 advanced. One should not get disheartened with the news as it would not affect India’s attractiveness from a longer term perspective.

We will keep an eye on Reliance as we may see a technical bounce back in the stock as Reliance has seen good OI addition in the last five days and thus a dead cat bounce back is not ruled out and thus as an advice do not blindly short this stock.

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Support and Resistances for the Day

Indices	Support	Resistance
Nifty	5170-5100	5305-5370-5430
Sensex	17230	17810

Jackpot Tip Profit

Stock	Profit (Rs)
Tip	4530 (Rs 50,000 Trading)

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Intraday Trading Tips

Share	Gains (Rs)
Tips	45890

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Future and Options Daily Paid Tips

NSE Nifty 50 Stocks	Made Money (Rs)
Tipz	78880

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Strong future shares at National stock exchange

Idea, Titan, Bata India, Godrej Industries, Hind Uni Lever, Bharti Airtel, Adanient, India Infoline, Pantaloon & Apollo Tyre.

Weak future stocks  at NSE

GTL Infra, KS Oils, Escorts, TV 18, LITL, STR Tech, Jain Irrigation, PFC, Polaris & S Kumars.

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