Free Intraday Stock Tips

Stock Tips: 20-May-2009

Markets end flat on profit booking

The market opened gap up yesterday on strong global cues but profit taking at higher levels pulled the market down to negative zone within minutes of trading. However, the market bounced back again and moved range bound for the better part of the session. The Sensex finally closed the day with a meager gain of 18 points at 14302 amid intra day swing of about 1100 points while the Nifty finished flat with marginal loss of 5 points at 4318. The Nifty hit an intra-day high of 4,509 which was almost double its low made in the month of October 2008. The market cloaked one of the highest turnovers on record yesterday at more than 1.5 trillion rupees. The market breadth remained positive with gainers outnumbering losers by 1924 to 742. The gainers yesterday included stocks from the realty, banking, capital goods, auto and metal sectors while, pharma, IT and oil sector stocks lost heavily. Market volatility is not ruled out during this week. Meantime, investors are eagerly waiting to hear the name of the finance minister who may prove to be one of the key factors for the market trend.

Market end flat, see highest ever turnover of Rs 1.57 lakh cr
L&T bags orders worth Rs 518.2 crore
Godrej ties up with Star, Big Synergy to produce reality show
TVS Srichakra to announce financial results
Investors lap up Aditya Birla Nuvo shares; stock up 30

Sell NIFTY
Below 4290
4242
4318
Future Intraday

F. Nifty levels:-
Pivot Point: 4383 ; Resistance: 4579 ; Support:4146

Positional view of Trend changing stocks

Stocks to Buy at Lower levels.
GLAXOSMITHKL @ 822.53 , Sl 805.00 ,Cmp840.60
HCL TECHNO @ 153.40 , Sl 148.00 ,Cmp158.75
BAJAJ AUTO F @ 104.80 , Sl 95.00 ,Cmp112.20

Stocks to Short at Higher levels.
BAJ HOLD INV @395.25 , Sl 412.00 ,Cmp 388.75
TATA TEA @ 705.62 , Sl 747.00 ,Cmp689.85
PTC INDIA @ 77.30 , Sl 85.00 ,Cmp 75.10

Stocks to Watch: AGRO DUTCH

Previous days High Crossed: INDIABULLS, JAI CORP LTD , CHETTINAD , ADORWELDING

Previous days Low Crossed:BHARAT FORGE , BHUSH STEEL , CIPLA LTD. , GREAT EASTE , JP HYDROPOW , MPHASIS LTD , LUPIN LTD, ITC LTD.

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