INDIAN STOCK MARKETS

28.7.09

Indian Stock Market Analysis and Tips

Indian share market is showing a seesaw movement and thus one has to keep support of Sensex i.e. 15280-15100 and resistance 15600-16046 under observation. Similarly Nifty support at 4535-4500 with resistance at 4615-4700-4789 be kept under watch.

Finance News Monitor
RBI will announce its first quarter review of the 2009-10 monetary policy tomorrow and thus one will not see any major decisions as it will be more or less a balancing act which will provide stimulus to the economy and also keep prices under check. Monsoons delay can be a deciding factor for the monetary policy.


NSE BSE Intraday Trading Tips
Buy Renuka Sugars>154.1,155.6,158.8 sl 149.8
Buy ITC>240.3,243.9,245.9,249 sl 235.9
Buy Maruti>1373.3,1382,1391.8 sl 1365
Buy Axis Bank>941.1,948.8,959 sl 932
Buy Aban>994.2,998.8,1009 sl 986.8
Buy HDIL>281.1,285,289 sl 274
Buy ONGC>1111.1,1125,1138 sl 998
Note: Hero Honda has formed Bearish Harami candlestick formation and thus stock can reverse any time. Thus if you are long in this stock than exit with profit.

NSE BSE strong futures
DLF, Bharat Forg, Tata Motors, Jindal Steel, Maruti, Purva, HCL Tech, LILT, Jindal Steel & GSPL.

Weak futures of NSE BSE IOC, Chambal Fert, RPL, Nagar Fert, Essar Oil, LIC, India Cemt, Reliance, Bank of India & ZEEL