INDIAN FREE STOCK MARKET INTRADAY TIPS FOR NSE & BSE ( 24/09/2010 )


SCRIP NAME

S1

S2

R1

R2

SINTEX INDUS

348

341

359

366

POWER GRID

103

101

107

109

HDIL

255

249

269

275

INDIAN BANK

265

261

273

277

STERLITE IND LTD

169

166

177

181

ELECTROSTEEL

46

44

48

50











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 (23/09/2010)

This is a second straight day for our markets to close in the red. Its a confirmation that it is trying to take a U-TURN hereafter as it has already gone abnormally high so far. Most importantly, there is no news in our market to define its direction and hence it is functioning based on the Global Markets decision. There was a stock wise downtrend in the Real Estate, Metals and Telecom Sectors.

If NIFTY breaks 5950 marks tomorrow, you may expect to go down upto 5870. So going long anymore must be averted as such.

SENSEX closed at 19861 down by 80 points and NIFTY closed at 5959 down by 31 points from its previous close. CNX MIDCAP INDEX was purely down 0.01% and BSE SMALLCAP INDEX was down by 0.04%. The Market breadth was negative with the advances of 543 against the declines of 730 on the NATIONAL STOCK EXCHANGE.

Today’s top NIFTY gainers are HINDUSTAN UNILEVER LTD, JP ASSOCIATES LTD and MAHINDRA & MAHINDRA LTD and losers are Unitech Ltd, Reliance Capital and ICICI Bank.

Today’s top SENSEX gainers are REI AGRO, PTC INDIA and LUPIN LTD and losers are Mundra Port & Speciality, India Bulls Real Estate and HDIL.

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