INDIAN STOCK MARKET FREE INTRADAY TIPS FOR NSE & BSE ( 22/09/2010 )

SCRIP NAME	S1	S2	R1	R2
IVRCL INFRA	161	157	169	174
JB CHEM&PHAR	102	98	109	112
SESAGOA LTD	333	327	346	356
HERO HONDA	1785	1743	1835	1861
STERLITE IND LTD	169	166	176	178
INFOTECH ENTER	162	158	170	174

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 (21/09/2010)

Once again our markets proved that it is in bullish trend and crossed an important milestone of 20000 (SENSEX) and 6000 (NIFTY). FIIs are going to be the main reason for this raise in the market. Domestic traders are seen trembling and hence they booked partial profits well before the actual opening of the European Markets but FIIs again used that opportunity to buy and made our markets to touch the new high at the closing hours. TECHNOLOGY and HEALTHCARE was their main target to buy and ofcourse CAPITAL GOODS SECTORS following the gap up opening in the European Markets but in the end it was closed flat.

MARKET PREDICTION

Experts say that our markets have reached the maximum peak. So there is no clue or whatsoever about the markets’ upward movement. But technically , this is really very high and without any doubt it can comedown to 18700 atleast in the SENSEX.

OUR ADVISE IS TO FOCUS IN THE TEXTILES INDUSTRY AND PHARMACEUTICAL SECTORS TO INITIATE A FRESH LONG POSITIONS TO TRADE SAFELY BECAUSE IT HAS NOT SEEN THAT MUCH OF RALLY IN THE RECENT TIMES. SO WE MAY HAPPEN TO SEE SOME KIND OF RALLY EVEN IF OUR MARKETS TAKE A U-TURN HEREAFTER.

SENSEX closed at 20001 up by 95 points and NIFTY closed at 6009 up by 28 points from its previous close. CNX MIDCAP INDEX was purely down though the closing points are in the green by 0.79% and BSE SMALLCAP INDEX was down by 1.28%. The Market breadth was almost negative with the advances of 276 against the declines of 1015 on the NATIONAL STOCK EXCHANGE.

Today’s top NIFTY gainers are RANBAXY, TCS LTD, and WIPRO LTD and losers ITC Ltd, Unitech Ltd and Suzlon Energy Ltd.

Today’s top SENSEX gainers are RANBAXY, TCS LTD, and MARICO LTD and losers are Bhushan Steel, GMDC and Rural Electric.

INDIAN SHARE MARKET FREE INTRADAY TIPS FOR NSE & BSE ( 21/09/2010 )

SCRIP NAME	S1	S2	R1	R2
EVEREST KANTO CYLIN	121	118	126	129
JB CHEM&PHAR	105	101	111	114
SESAGOA LTD	331	325	343	351
HERO HONDA	1800	1781	1853	1885
STERLITE IND LTD	169	166	175	178
INFOTECH ENTER	166	163	175	179

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 (20/09/2010)

This is a good sign for our market in the first day of the new week that it has gained 95 points in the NIFTY and 311 points in the SENSEX. We have seen a strong buying in the FINANCIALS, TELECOM, FMCG, OIL & GAS, CEMENT and METALS. All these buying interests shown mainly by the FOREIGN INSTITUTIONAL INVESTORS (FIIs) and DOMESTIC traders of our own markets.

Moreover, NIFTY was seen at one stage coming near the significant level of 6000. Experts feel that tomorrow without any doubt it would cross the landmark of 6000 level.

SENSEX closed at 19906 up by 311 points and NIFTY closed at 5980 up by 95 points from its previous close. CNX MIDCAP INDEX was up by 0.75% and BSE SMALLCAP INDEX was up by 0.70%. The Market breadth was looking positive with the advances of 791 against the declines of 495 on the NATIONAL STOCK EXCHANGE.

Today’s top NIFTY gainers are ITC, RCOM and BPCL and losers Sterlite Industries Ltd, Idea Cellular Ltd and Ranbaxy Ltd.

Today’s top SENSEX gainers are GMDC, KSK ENERGY LTD and RCOM LTD and losers are Godrej Consumer Products, Shipping Corpn and Indiabulls Fin. Services.