INTRADAY FREE SHARE MARKET TIPS FOR NSE & BSE (11/02/2011)

INTRADAY FREE SHARE MARKET TIPS FOR NSE & BSE (11/02/2011)

SCRIP NAME	S1	S2	R1	R2
TATA ELXSI LTD	220	211	237	246
HERO HONDA	1428	1401	1479	1507
TATA METALIKS	101	97	108	112
SINTEX INDUSTRIES	145	141	155	159
STERLITE INDUS	152	148	159	162
AMTEK AUTO	108	105	114	118
DEWAN HOUSING	232	226	246	251
BAJAJ FINSERV LTD	400	391	420	429

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 (10/02/2011)

FORECAST: Our Market seems to be still unsteady. Foreign Institutional Investors are continuously booking profit and they started investing in other markets. From our point of view, Markets may go down upto 4800 if NIFTY breached the important support level of 5200 tomorrow. Better to avoid holding any long position because it will give you an opportunity to buy at the much lower level.

NIFTY Range: S1 – 5200, S2 – 5130, R1 – 5260 & R2 – 5300.

SENSEX got closed today at 17463 down by 130 points and NIFTY closed at 5226 down by 28 from its previous close.