INDIAN SHARE MARKET FREE INTRADAY TIPS FOR NSE & BSE ( 11/10/2010 )


SCRIP NAME

S1

S2

R1

R2

TATA POWER

1393

1362

1456

1473

IFCI LTD

70

68

76

78

JSW ENERGY

119

117

126

129

BIOCON

400

391

421

429

AMTEK AUTO LTD

152

148

159

162

ABAN OFFSHORE

857

840

896

917

SANGHVI MOVERS

179

176

187

192

ICSA LTD

129

127

133

136

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..(S-SUPPORT LEVEL & R-RESISTANCE LEVEL)

SUMMARY OF TODAY’S TRADING (08/10/2010)

Last two days trading is making sure that the Market is looking to face the big correction. Global cues were failed to extend its support to our markets. But U.S. markets are performing very well for the present and if it closes with moderate gains in the green then we may expect our markets to touch the new high in the coming week.

Moreover, you must hold all the long positions till we receive the last quarters’ result or if anything is in profit especially more than 25% then you may partly dispose it off. Because the main reason for this advise is that today our markets have vigorously recovered from a sharp downfall to almost a flat and choppy close in last half an hour or so.

SENSEX closed at 20250 down by 65 points and NIFTY closed at 6103 down by 16 points from its previous close. CNX MIDCAP INDEX was down by 0.70% and BSE SMALLCAP INDEX was down by 0.20%. The Market breadth was negative with the advances of 418 points against the declines of 875 points on the NATIONAL STOCK EXCHANGE.

Today’s top NIFTY gainers are HINDALCO, RCOM and RIL and losers are Tata Steel, M & M and JP Associates.

Today’s top SENSEX gainers are INDIABULLS FINANCIAL SERVICES, IFCI and HINDUSTAN CONSTRUCTION and losers are Havells India, Tata Steel Ltd and Crompton Greaves Ltd.

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