INDIAN FREE SHARE MARKET INTRADAY TIPS (NSE BSE) FOR (30/08/2010)


SCRIP NAME

S1

S2

R1

R2

HDIL

255

249

270

280

IVRCL

156

153

162

165

SESAGOA LTD

314

310

323

329

TATA STEEL

504

494

520

531

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 (29/08/2010)


This was a bad week for our markets following the worst Global cues on Friday. We were to see some recovery during the F&O expiry day but in the last day of transaction had a bad hit by the European Markets forcing our markets to close in the Red and at the same time all the European Markets have recovered and got closed well ahead in the green than us. That makes our hopes alive in the forthcoming week as our markets are already looking strong to go past the global markets.

Overall market history for this week is as follows:

Sensex was down by 2.30% and Nifty was also down by 2.50%, CNX MIDCAP INDEX was down by 2.50% and BSE SMALLCAP INDEX was down by 2.60%. Every Sector has registered its lowest rate of percentage in this week.

More importantly, NIFTY was able to close above the 5400 mark but SENSEX had failed to close above 18000 mark. It is really a worrying factor. But we can expect our market back on track to rock again on Monday (30/08/2010) as the EUROPE and US MARKETS have closed in the green with a high note.

SENSEX closed at 17998 down by 227 points and NIFTY closed at 5409 down by 69 points from its previous close. CNX MIDCAP INDEX was down by 0.80% and BSE SMALLCAP INDEX was down by 1.30%. The Market breadth was negative with the advances of 305 against the declines of 990 on the NATIONAL STOCK EXCHANGE.

Today’s top NIFTY gainers are GAIL, ONGC and TATA STEEL LTD and losers are DLF, Axis Bank and Hero Honda Ltd.

Today’s top SENSEX gainers are ISPAT INDSUTRIES LTD, CUMMINS INDIA LTD and ONGC and losers are Lupin Ltd, Jai Corp Ltd and Hindustan Copper Ltd.

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