INDIAN STOCK MARKETS

Markets are seeing a downtrend due to lower than normal monsoon rains and spread of the deadly swine flu in the country. Negative European markets and lower US index futures also weighed added fuel to fire and thus our mkts closed in negative territory. Sensex is near a key support and if the level of 14939 is broken, than one can see Sensex fall to the levels of 14650-14300 and in case Sensex shows some strength above 15100 level than it can rise to the levels of 15450-15600. Nifty is again near key support of 4419 and same needs to be monitored as market breadth is negative with advances at 312 against declines of 940 on the BSE. JPMorgan has upgraded India to overweight from neutral.



Daily Day Trading Tips which make Money
Buy Axis Bank>851.1,859,878 sl 838
Buy ICICI Bank>731.1,739,745,757 sl 718.8
Buy Kotak Bank>725.1,729,736 sl 718
Buy Hind oil exploration>201.1,203.9,208.8 sl 196.8
Buy TCS>541.1,548.8,554.8 sl 534.5
Buy Bombay Dyeing>361.2,366,373 sl 355
Buy BPCL>511.1,518.8,528,538 sl 497
Sell BPCL<488.9,481,477,461 sl 501
Sell SBI<1698.8,1691,1681,1661 sl 1711

Day Trading Tips BSE NSE
Buy GE shipping>277.1,279.8,282,287 sl 273
Buy Kotak Bank>743.1,749,761,778 sl 721
Sell Maruti<1348.8,1343,1325 sl 1365

INTRADAY TIPS(4.8.09)

SYMBOL: CAIRN
Buy Above Rs. 243.8 Target 1-Rs.246.7 Target 2-Rs.249.5 Stop Loss-Rs. 238.9
Sell Below Rs. 243.8 Target 1-Rs. 239.2 Target 2- Rs. 234.5 Stop Loss-Rs. 248.7

SYMBOL: ABAN
Buy Above Rs. 1,142.3 Target 1-Rs.1,184.5 Target 2-Rs.1,226.7 Stop Loss-Rs. 1,119.5
Sell Below Rs. 1,142.3 Target 1-Rs. 1,074.4 Target 2- Rs. 1,006.6 Stop Loss-Rs. 1,165.1

SYMBOL: ABB
Buy Above Rs. 724.4 Target 1-Rs.736.6 Target 2-Rs.748.8 Stop Loss-Rs. 709.9
Sell Below Rs. 724.4 Target 1-Rs. 703.6 Target 2- Rs. 682.8 Stop Loss-Rs. 738.9

SYMBOL: HINDALCO
Buy Above Rs. 108.3 Target 1-Rs.111.4 Target 2-Rs.114.5 Stop Loss-Rs. 106.1
Sell Below Rs. 108.3 Target 1-Rs. 103.2 Target 2- Rs. 98.2 Stop Loss-Rs. 110.5

INTRADAY TIPS(03.8.09)
SYMBOL: AMBUJACEM
Buy Above Rs. 108.5 Target 1-Rs.111.7 Target 2-Rs.114.9 Stop Loss-Rs. 106.3
Sell Below Rs. 108.5 Target 1-Rs. 103.9 Target 2- Rs. 99.3 Stop Loss-Rs. 110.7

SYMBOL: PATNI
Buy Above Rs. 361.7 Target 1-Rs.376.2 Target 2-Rs.390.7 Stop Loss-Rs. 354.5
Sell Below Rs. 361.7 Target 1-Rs. 339.6 Target 2- Rs. 317.5 Stop Loss-Rs. 368.9

SYMBOL: TATAMOTORS
Buy Above Rs. 421.6 Target 1-Rs.430.9 Target 2-Rs.440.3 Stop Loss-Rs. 413.2
Sell Below Rs. 421.6 Target 1-Rs. 406.3 Target 2- Rs. 391.0 Stop Loss-Rs. 430.0

SYMBOL: SBIN
Buy Above Rs. 1,811.7 Target 1-Rs.1,842.6 Target 2-Rs.1,873.6 Stop Loss-Rs. 1,775.5
Sell Below Rs. 1,811.7 Target 1-Rs. 1,760.4 Target 2- Rs. 1,709.1 Stop Loss-Rs. 1,847.9

SYMBOL: INDIAINFO (view candle sticks chart)
Buy Above Rs. 136.7 Target 1-Rs.141.6 Target 2-Rs.146.6 Stop Loss-Rs. 134.0
Sell Below Rs. 136.7 Target 1-Rs. 132.6 Target 2- Rs. 128.6 Stop Loss-Rs. 139.4