FREE INTRADAY SHAREMARKET TIPS FOR

(08/04/2010)

SCRIP NAME

S1

S2

R1

R2

DLF

328

324

334

345

ICICI

972

957

986

1005

IVRCL

171

167

174

181

PANTALOON

410

406

413

420

SAIL

253

249

252

257

SBI

2096

2071

2095

2120

ACC

963

950

977

995

The rates indicated here are based on the past performance of an individual scrip.

There is always a risk of loss element involved in trading.

SUMMARY OF TODAY’S TRADING

(07/04/2010)

Today is a remarkable day in the market as the SENSEX touched a new high of 18000 points after nearly a 25 months. At the same time, it did not allow us to celebrate that as it has taken a U turn within no time still it was able to close in the green. The main reason for this activity is the Profit Booking by traders. Now everyone is confident that downfall will be very minimum if it even goes down hereafter and once NIFTY crosses 5400 then it has no immediate resistance.

It is ultimately a good sign for the traders and we can expect a real and good rally hereafter as Foreign Institutional Investors are playing a positive role and Domestice Institutional Investors. It’s a very good news to trade so confidently and this is not the time to go short. It is a market where we will have to go for long, positional or atleast short term gains not intraday, otherwise wait and watch time to see a big profit.

Sensex closed at 17970, up by 28 points and Nifty at 5374, up by 8 points from its previous close. CNX MIDCAP INDEX was up by 0.44% and BSE SMALLCAP INDEX was also up by 0.70%. The market breadth was positive with advances at 725 against declines of 546 on the NSE.

Today’s top NIFTY gainers are IDEA CELLULAR LTD, POWER GRID and GAIL and losers are Punjab National Bank, HUL and Sun Pharmaceuticals Ltd

Today’s top SENSEX gainers are CENTRAL BANK, INDIABULLS FINANCIAL SERVICE and IDEA CELLULAR LTD and losers are Jain Irrigation, HUL and Punjab National Bank.

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