Free Intraday Stock Tips

Todays Intraday Calls/Markets After Budget

Standard & Poor’s 500 Index, after consumer spending topped economists’ estimates and American International Group Inc. sold an Asian unit for USD 35.5 bn. The Dow Jones, S&P 500 and NASDAQ surged 0.76% and 1.02% and 1.52%, respectively. AIG climbed 4.1% after agreeing to sell AIA Group Ltd. to Prudential Plc. Walt Disney Co. paced gains in consumer companies after the Commerce Department said personal spending increased, while Intel Corp. helped lead technology shares higher after global chip sales rose

News Bits

• Tata Motors reported a consolidated net profit of Rs. 6.50 bn for the third quarter ended December 31, 2009, driven by new demand in the local market for new products added with government stimulus.
• ABB Ltd posted a 35% decline in consolidated net profit at Rs. 3.54 bn for the year ending December 31, 2009 amid sluggish economic conditions.
• Power Grid Corporation will invest a sum of Rs. 28.45 bn in various projects. The board of directors decided to invest Rs. 2.32 bn for system strengthening in Southern Region.
  The board has approved investment of Rs. 21.44 bn for the transmission system associated with Pallatana Gas-Based Power Project and Bongaigaon Thermal Power Station.

Political News

• The government plans to come out with the first-ever roadmap within six months for reducing public debt, which has been rising after the exchequer got a hit due to stimulus packages.
• Manufacturers increased production and employment in February, signaling factories are leading the nation out of recession. The Institute for Supply Management’s factory index fell to 56.5 from January’s 58.4, which was a five-year high, figures from the Tempe, Arizona-based group showed.
• Spending by US consumers increased in January for a fourth consecutive month. The 0.5% increase in purchases was more than anticipated and followed a 0.3% gain in December that was larger than previously estimated, Commerce Department figures showed. Incomes climbed 0.1%, short of expectations and reflecting declines in dividends and interest.

 

Intraday Tips

Nifty Forecast:

BUY NIFTY ABOVE 4895 TGT 4920-4968-4999 SL 4852
SELL NIFTY BELOW 4965 TGT 4921-4895-4860 SL 5007

BUY EDUCOMP FUTURE
ABOVE 662
TARGET 685-696
SL 648
SELL EDUCOMP FUTURE BELOW 684.5
TARGET 662-650
SL 698

BUY DLF FUTURE ABOVE 291
TGT 304-311
SL 282.75
SELL DLF FUTURE BELOW 304
TGT 291-284
SL 313

BUY ESSAROIL FUTURE ABOVE 130
TGT 133.75-135.75-140
SL 127.45
SELL ESSAROIL FUTURE BELOW 133.75
TGT 130-128
SL 136

RELINFRA
Buy near 1002
SL 995
Targets 1012,1020
Or if trades below 963
Short RELINFRA
SL 970
Targets 953,945

AXISBANK
Buy above 1126
SL 1119
Targets 1136,1144
Or if trades below 1095
Short AXISBANK
SL 1102
Targets 1085,1078

RANBAXY
Buy above 466
SL 460
Targets 475,480
Or if trades below 430
Short RANBAXY
SL 436
Targets 421,415

Tags: budget 2010, budget expectations, daily market report, day trading calls, intraday stock calls, nifty signals, pranab mukherji, union budget

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