INDIAN SHARE MARKET FREE INTRADAY TIPS FOR NSE & BSE ( 12/10/2010 )

INDIAN SHARE MARKET FREE INTRADAY TIPS FOR NSE & BSE ( 12/10/2010 )

SCRIP NAME	S1	S2	R1	R2
INFOTECH ENTERPRISES	168	165	177	182
IFCI LTD	71	69	77	79
JSW ENERGY	119	117	125	128
NOIDA TOLL BRIDGE CO LTD	35	34	37	38
AMTEK AUTO LTD	155	151	162	166
ANDHRA SUGARS	124	122	130	133
SANGHVI MOVERS	181	178	189	194
IDEA CELLULAR	69	67	73	75

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 (11/10/2010)

Today our markets were performing within the particular range bound. Despite there is an impression that our markets are already gained the maximum points, we still strongly believe that it may go up to 6300 mark soon.

As we have emphasized already in our earlier postings, you please do not need to wind up your holdings immediately and wait for sometime to book handsome profits as the Global Markets are doing very well in recent times.

It is better to concentrate on the front runner stocks in the Smallcap Index or Midcap Index especially the scrips which are trying to go up or not gained any momentum so far in the recent rally. It is an advise from the Market Experts that in terms of Technical perspective and in terms of Fundamentals of the individual scrip’s perspective.

SENSEX closed at 20339 up by 89 points and NIFTY closed at 6135 up by 32 points from its previous close. CNX MIDCAP INDEX was up by 0.70% and BSE SMALLCAP INDEX was up by 1.19%. The Market breadth was positive with the advances of 867 points against the declines of 414 points on the NATIONAL STOCK EXCHANGE.

Today’s top NIFTY gainers are TATA MOTORS, STERLITE INDUSTRIES and RCOM and losers are Bharti Airtel, HUL and HDFC.

Today’s top SENSEX gainers are RASHTRIYA CHEMICALS, NATIONAL FERTILIZERS and GODREJ INDUSTRIES LTD and losers are Indianbulls Financial Services, Bharti Airtel and Biocon Ltd.