Free Intraday Stock Tips

Intraday Stock Calls & Market Update

Market opened flat yesterday but rebounded but failed to sustain and slipped again lower in subsequent session. But all’s well that ends well, it rallied smartly in the closing hours after reports that S&P’ss has affirmed its ratings on India and revised its outlook to stable from negative, saying the country’s fiscal position could begin to recover and the economy would remain on a strong growth path.

News Bits

• India’s food price inflation eased in early March but fuel inflation continued to rise, adding upward pressure on headline inflation and maintaining the case for the Reserve Bank to raise rates at its April policy review. Data released showed the food price index rose 16.30% in the year to March 6, lower than an annual rise of 17.81% in the previous week, continuing a downward trend for the second straight week. (BS)

• Sun Pharma received approval from the US health regulator for generic version of anti-allergic product Prometh syrup. (BS)
• Idea Cellular has alloted 19.91 crore shares to the shareholders of Spice Communications that has been merged with the Company. (BS)
• Fedders Lloyd Corporation said the company in a consortium with Spain’s Cobra Instalaciones bagged a power distribution project worth Rs. 2.57 bn from Madhya Pradesh Kshetra Vidyut Vitaran. (BS)
• The cost of living in the US was unchanged in February, underscoring the Federal Reserve’s forecast that inflation will remain low. The consumer-price index didn’t increase for the first time since a decrease in March 2009, and followed a 0.2% gain in January, Labor Department figures showed. Excluding food and energy costs, the so-called core index increased 0.1%. (Bloomberg)

Intraday Tips

ATLANTA
Around 213-215
Target: 224-227
Stoploss 211

Very Short Term Calls

Bharti Airtel:
Buy ABOVE: 303-304
Target: 315-320 IN NO TIME
Stoploss: 294

Reliance Media Works:
Buy ABOVE 236
Target: 250+
Stoploss: 222
View : Short Term

JKTYRE ( JK Tyre And Industries Ltd )

RECLTD ( Rural Electrification Corporation Limited )

HANUNG ( Hanung Toys And Tex Ltd )

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Today’s Intraday Stock Calls And Market Report

• US And European markets closed in +ve territory
• Asian market opened mixed today morning.
• SGX nifty up 6 points at time of posting.
• Dollar index is at 79.81
• Gold at $1124 and crude below $ 82.74
• London future down 4 points.
• Dow future down 5 points at 8 am

Larsen & Toubro has won an order worth Rs. 10.13 bn from state-run explorer Oil and Natural Gas Corp.
GAIL India said it plans to transit 21% more natural gas through its pipelines at 114.8 million cubic meters per day in 2010-11 fiscal.
Housing Development Finance Corporation raised Rs. 5.00 bn through a zero-coupon bond issue, two sources familiar with the transaction said.

The market sentiment remained +ve on reports that the US Fed held benchmark rates near zero and maintained its pledge to keep them low for an extended period. Stocks belonging to metal, capital goods banks etc. were seen bullish while heavyweight Reliance drifted from higher levels and pared earlier gains.

Here’s the FII’s Data:

Intraday Calls:

NIFTY
SUPPORTS : 5160-5115
RESISTANCE: 5250-5270-5289

NMDC ( NMDC Limited )

TATAELXSI ( Tata Elxsi (I) Ltd )

JAICORPLTD ( Jai Corp Limited )

Very Short Term Call

SHASUNCHEM
Buy At CMP
Target: 50-54-60        
Stoploss: 42        
View: Short Term

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Intraday Calls/Market Outlook For Today

A day came after eight days of range bound movement. The bulls won in the end.
Reliance helped the index and gave upside indications much before Nifty breakout.

The markets opened lower yesterday on mixed global cues and remained low on volume till early noon. Got slightly positive on buying in frontline stocks led by bellwether Reliance Industries.
Banking stocks which were trading in the negative in early noon turned positive in mid afternoon on hectic buying coupled with short covering. Reliance Industries, which has the highest weight on the main index rose 3.8 percent to 1,066.80 rupees,

Now support comes at 5168 and 5140.
Resistance at 5240

Reliance Communications said that it was open to acquisitions in India as a part of its strategy to grow its presence in the domestic market and would do so at the right opportunity. (BS)
Tata Power is looking to help arrange coal supplies from Australia, Indonesia and Africa for small power producers amid a growing shortage of the resource in India. (BS)
Bharti Airtel, in talks to buy the African mobile operations of Kuwait’s Zain for USD 9 bn, has issued a term sheet to banks to raise up to USD 8.5 bn in offshore loans to fund the deal, banking sources said. (BS)

Intraday:
Buy above 5221 with Stop Loss of 5178
Sell below 5178 with Stop Loss of 5221

Sell Bank Nifty

Around 9145
SL: 9189
Target : 9070 & 9035

JAICORPLTD  ( Jai Corp Limited )

WALCHANNAG  ( Walchandnagar Industries Ltd )

TEXMOPIPES  ( Texmo Pipes And Products Limited )

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