Free Intraday Stock Tips

stock calls 25 March 2009

Markets commenced on a “gap up” note yesterday on the back of strong cues from overnight U S markets and positive opening of Asian markets. The firmness of the market remained till early noon on heavy buying in index heavy weight stocks and short covering by bears ahead of F & O expiry tomorrow. However, owing to heavy profit taking in the final hour of trade on the back of weak opening of European markets and lower US index futures, stocks cutting across sectors including several blue chip stocks ended the day far down from their intra-day highs, paring all the earlier gains. The Sensex, which was up by around 275 points at 9699 during the early trades closed the session with a meager gain of 47 points at 9471.The Nifty too had a bad session which closed in the negative territory at 2938.70 with marginal loss. In intra-day trades, the Nifty touched a high of 3017 and a low of 2914. Readers are advised to trade with caution and avoid making large positions.

Today Strong Resistance: 2980
Strong Support: 2850
Immediate Resistance: 2960
Immediate Support: 2880

STOCKS
- Short in Tata Motors, Axis Bank
- Profit Taking in Banking Stocks

Tags: daily market report, day trading calls, intraday stock calls, nifty signals