Free Intraday Stock Tips

Stock calls : 13-Mar-2009

Markets yesterday opened with a positive gap with Sensex opened higher by 115 points further moving to a high of 8439 in afternoon trades. Shares from IT sector auto, banking, oil, metal, and FMCG sectors surged with impressive gains together with selected stocks from capital goods and pharma sector. Markets finally ended the session with Sensex gaining 183 points. The Nifty closed gaining 44 points or 1.72% at 2617.45. In intra-day trades it touched a high of 2574. Meantime, inflation figures released yesterday showed further decline thereby paving way for the apex bank to revise interest rates. However, industrial production declined for the third time in fours months in January 2009. The index of industrial production (IIP) declined 0.5% in January 2009 against an upwardly revised 0.6% decline in December 2008, government data released during trading hours yesterday showed. Industrial production had risen 6.18% in January 2008. Readers are advised to trade watching the market trend.

NIFTY FUTURE (2600.70)
NF opened gap up yesterday on the back of positive global cues and remained steady throughout the session except at close when profit booking in selected heavyweight stocks was witnessed. NF closed the day gaining 52 points with positive bias. The counter will gain further upward momentum once it trades and remains above 2628.75, whereby it may move up to 2661/2687. Strong support for NF exists at 2573.25, which if breached decisively, it may slide to 2546/2531.

Todays Stock Calls

Mundra Port

BUY
Above 300
Target 315
SL 292

SBI

BUY
Above 916
Target: 921-928

SELL
Below 901
Target: 896 – 884

LT

BUY
Above 582
Target: 588-596

SELL
Below 568
Target: 560 – 554

Axis Bank
BUY
Above 312
Target: 316 – 320

SELL
Below 300
Target: 296 – 292
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Tags: daily market report, day trading calls, future calls, intraday stock calls, nifty signals