As a nation we can heave of sigh of relief as crude is trading below $100 per barrel and same can be attributed to expectations that OPEC will raise crude output at a meeting and thus the prices will be under check. Today i.e. 09 June a meeting of a government panel will decide on the fuel price hike and thus auto stocks may remain under pressure. Thus trade with sure shot day trading tips which will perform as every day stock specific action takes place and be ahead of correct information with right trade at right time. Two important events which one need to keep an eye is RBI policy on 16 June which is critical in terms of what RBI says as regards to the future interest rate cycle and we expect a 25 basis points hike. Next key event to be kept under observation is Fed meeting scheduled for 22 June which is expected to give signals about QE3 as the US economy seems to be weakening significantly over the past few weeks. Back home also keep tab on monsoons data which is also crucial for India economy being an agrarian society.
Nifty is likely to remain in a range till it breaks 5600 with conviction and volume. Thus negative sentiment will be prevalent in the market in the coming days till Nifty moves above 5570 level else it can fall till 5500-5450-5375-5177 levels. If it crosses 5600 level than it can rally till 5640 and in final stage can touch 5800 level.
Stock markets have a reason to cheer with crude hovering below $100 per brl, however same may not be state with FIIS as FIIs are currently underweight on India and we feel that FIIs will enter the Indian markets at a lower level only and that too when inflation peaks out. US Federal Reserve Chairman Ben Bernanke's statement that US economy was growing very slowly had a hard hit on Indian share market and thus we can not be immune from global meltdown. Also he gave no hint that the central bank will unveil a new round of stimulus and it did not go well with US and Asian markets. The day gone by saw market breadth being negative with 1,431 stocks declined while 1,385 advanced among 2951 stocks traded at Bombay Stock Exchange.
On the positive side all marks go to AK Antony Defence Minister who stated on corruption and we quote "Our country is passing through a new era revolution - the transparency revolution. The walls of secrecy are crumbling in every field gradually including politics, business, administration and judiciary. Once the trend has started, you can't stop it midway." No doubt he is small in height but has a lot of charisma and courage to speak his mind out. We are damn sure that till the time he is at helm of affairs India need not fear China as it will get an apt reply from the Defence minister. Shall we call him that atom bombs come in all sizes and it is not the size of the dog but the grit and determination which matters.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5500-5450-5375-5177 | 5560-5600-5640-5800 |
| Sensex | 18334-18229 | 18525-18740 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1330 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 25970 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 48900 |
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Strong future shares at National stock exchange
Bata India, Dish TV, Raymond, Karnataka Bank, Havells, Hexaware, Asian Paints, HDIL, S Kumars & EKC.
Weak future stocks at NSE
Sun TV, KS Oils, Tata Motors, DCHL, GMR Infra, LITL, Pir Health, BEML, Jain Irrigation & Hindalco.
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