Free Intraday Stock Tips

Stock tips 30 June 2009

Markets opened flat to positive yesterday but rallied sharply in afternoon trade after remaining range bound during the first hours of trade. Hectic buying in realty, metal, capital goods and bank stocks turned the market sentiment highly positive in the afternoon on hopes that budget next week may bring in the desired reforms. However, owing to heavy profit booking during the closing hour, the market came off its highs and finally closed on a flat note with marginal gain. The Sensex, which had surged to touch a high of 14,955 and looked well set to stay put firm, however, pared all its gains and closed at 14,785, up a meager 21 points over the previous close. The Sensex had dipped to a low of 14685 in intra day trades yesterday. The Nifty, which touched a low of 4350 and a high of 4439 in intra-day trades, closed at 4390 with a paltry gain of 15 points. As buying was fairly widespread yesterday, the market breadth remained strong right through the session. Out of 2723 stocks traded on BSE, 1686 stocks closed with gains. 964 stocks declined and 73 stocks ended flat. Markets may remain volatile ahead of budget presentation next week and therefore, readers are advised to trade with caution with strict stops for every trade.

On Monday markets opened on a strong note with gap up opening tracking strong cues from the Asian markets and mixed cues from the US markets.

After a strong opening markets started loosing grounds but soon managed to gain momentum and bounced back on account of buying over the European markets..

But markets could not sustain its gains of the mid session and started shedding all its gain during the final trading hours, it lost the momentum as pared all its gains and ended on flat note on profit booking.

Nifty future intra-day tips for 30.06.09
Nifty buy above 4418 tgt 4427,4441,4456,4465,4479,4503 sl 4372.
Nifty sell only below 4372 tgt 4365,4356,4341,4327,4318,4303 sl 4418.

Nifty fut res- 4503,4488,4479,4456,4441,4418,4403. HB 4418.
Nifty fut sup-4379,4365,4341,4327,4317,4303. LB 4372.

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Stock Calls for 22-June-2009

As predicted on 19th June market made some recovery as it did not trade below 4220 for very long.
Any recovery now on will be very slow and will have resistance at higher levels, to day’s first hurdle will be at 4384  and then  next at 4447,

Nifty must close above 4440 for 3/4 days ensure some recovery. On the down side support is at 4286,4245 and 4236, breaching level the Index may sink to 4150.

This is the last week of F&O expiry. So market will show stock specific movements. If nifty sustain above 4325 for 10 min then start buying. keep sl of 4320. For safe and small traders dont enter in market for three days. MARKET WILL BE VERY VOLATILE, TRADE IN SMALL QTY AND WITH SL ONLY.

We are still on bull side for market above 4050.

-Always Remember, put SL in your every trade.
-When 1st Target achieved book 50% profit and move your SL to entry (buy or sell) price, when 2nd target achieved book 25% profit and move your SL to 1st target price, then for remaining position just trail the SL.

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Stock Tips for 17-June-2009

The market opened gap down yesterday and the Sensex slipped sharply by over 250 points at 14621 on weak global cues in early trade. The market slowly recovered thereafter and around mid afternoon turned positive on selected buying in index heavy stocks led by SBI. Market participants and investors alike were seen picking stocks after better than anticipated advance tax payments for the April – June quarter 2009. The Sensex, which dipped to a low of 14621 recovered to 15022 in afternoon trades yesterday after moving range bound amid choppy trade. The Sensex finally closed the session gaining 82 points at 14957. The Nifty closed at 4517 gaining 33 points making a low of 4405 and a high of 4537 intra day. The market breadth appeared fairly positive with 1642 stocks advancing and 1007 stocks declining. Readers are however, advised to trade with caution with strict stops for every trade.

Market is showing signs of indecisiveness and uncertainty,

how ever it too early say that the March rally is over. It probably

is waiting for budget announcement, so in the period till July 8

we may see range bound  and cautious trading. Today it has resistance

at 4550 and 4640,if Nifty closes over 4640 we may see 4700.Support

is at 4490 and 4440,closing below 4440 we may see 4300.

Many technical analysts were alarmed yesterday because the VIX closed at 30.81.

Why the concern?

Because over 30 is currently considered a reading that has been associated with past stock market drops.

One day does not make a trend, so more than one day would be required to confirm a trend change.

VIX WOES

Many technical analysts were alarmed yesterday because the VIX closed at 30.81.

Why the concern?

Because over 30 is currently considered a reading that has been associated with past stock market drops.

One day does not make a trend, so more than one day would be required to confirm a trend change.

At the same time, the S&P 500 dropped yesterday, but it still held its trend line. So while risk levels increased yesterday, a correction will need more market data for any kind of confirmation.

Yesterday's VIX chart

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Stock Calls For 16-June-2009

Markets slid on back of the Judgment on RIL-RNRL gas supply dispute and negative global clues.
Today this (fall) may continue till 4447 and 4427,close below these can take Nifty to 4300 level.
On the up side market has to trade over 4518 for most of the session to expect a bounce till 4582 and
then 4637.

Couple of closes over 4600 can resume the rally,how ever lack of volume and negative AD ratio is a
cause of concern for long positions.

Market is in the technical correction mode. This correction is good for market health and for more bull side run.
Market is having good support at 4303 above 4303 market is still attractive. We advise wait for nifty sustaining,
dont trade in 1st hour of opening for safe trade. if any day, nifty breaks 4303 and
close below 4303 then nifty may come to 4201 very fast. Keep strict sl of 4303.

Nifty Resistance/Support

MARKET WILL BE VERY VOLATILE, TRADE IN SMALL QTY AND WITH SL ONLY. We are still on bull side for market
above 4050.

STOCKS FOR DELIVERY BUY
(near bottom 4300)

NTPC, SBI, RELIANCE, BHARTIAIRTEL, IDFC, SUZLON, ROLTA

Sell ICICI bank below 732 for target 720-715-710

Stock Calls for 12-June-2009

After  a 15 days break …. I’m back again…

Markets opened flat to lower yesterday on weak global cues. Market participants preferred to book profit at higher levels and refrained from taking fresh positions.
Sectors like IT, capital goods, Oil & Gas, PSU and power remained weak pulling down the overall market and turning the market sentiment negative. However, metal and auto sectors fared well and bucked the negative trend. The Sensex closed yesterday lower by 55 points, or 0.36%, to 15,411.
The Sensex rose 101 points at the day’s high of 15,568 in early trade. At the day’s low of 15,240, the Sensex fell 226 points in afternoon trade. The Nifty closed marginally down by 17 points or 0.38% to 4,637. Prominent brokerage houses feel that the emergence of profit booking by funds and retail investors after the Sensex climbed to a near 10-month high, mainly cut short the rally.

Markets may remain volatile and more profit taking may emerge and therefore, readers are advised to trade with caution and avoid making large positions.
Nifty Future Intraday
Buy Above 4670
Target 4710-4720
Stop loss4640

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