FREE INTRADAY INDIAN SHARE MARKET TIPS (NSE BSE) FOR (01/09/2010)

SCRIP NAME

S1

S2

R1

R2

HDIL

247

239

258

264

IVRCL

153

149

160

164

SESAGOA LTD

313

308

322

327

TATA STEEL

516

509

528

534


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 (31/08/2010)

There is an impression that our market is in clear downtrend for the time being. This has happened because of the strong sell-off took place in the Global Markets. The major concern is that our markets are breached the important support level due to the profit booking in the few sectors like REALTY, IT, METALS and AUTO at the closing hour. However, it has recovered very slightly to retain its significant support level by the buying interest shown after market hours. Now NIFTY is to close above 5400 mark once again in recent times. It is really a consolation for the traders.

Also we may expect to see some more correction to take place in our market tomorrow. We must take utmost care before going LONG as market looks very weak.

SENSEX closed at 17971 down by 60 points and NIFTY closed at 5402 down by 13 points from its previous close. CNX MIDCAP INDEX was down by 0.70% and BSE SMALLCAP INDEX was down by 0.90%. The Market breadth was negative with the advances of 341 against the declines of 955 on the NATIONAL STOCK EXCHANGE.

Today’s top NIFTY gainers are MAHINDRA & MAHINDRA, AMBUJA CEMENTS LTD and ITC and losers are J P Associates Ltd., R Com and RIL.

Today’s top SENSEX gainers are ADANI ENTERPRISES LTD, MARICO LTD and COLGATE PALMOLIVE and losers are EIH Ltd, Jet Airways Ltd and REI Agro Ltd.

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