Free Intraday Stock Tips

Markets in murderous mood

The following activities might give some support for Indian Markets. Otherwise the global cues are suggesting (at the time of this post)

1. The monsoon forecast is optimistic and expected to ease the inflationary pressure.

2. The Finance Bill comes up in the Parliament on 28th April 2010. Watch this with care.

Greece has been down graded by Standard & Poor’s into junk territory on concerns about its ability to implement the reforms needed to address its high debt burden. The agency cut the rating a full three notches to BB-plus, the first level of speculative, or junk, status.Portugal too follows suit in downgrades and this has set the panic mode in the European markets.
Dow is cut out bad too and was down a full 213 points.

Now asian markets are also opened in red and are almost 3% down.

Some news bits as follows

1. FY11 GDP growth to surge to 8.3% driven by industrial growth.
2. Kingfisher commences two new flights between UAE, India
3. SAIL raises Rs 6.6 billion via bonds at 8.72%
4. Mandhana Industries IPO gets Rs 15 cr from anchor investors

NIFTY support at 5200-5220 – 5180
NIFTY resistance at 5260 and 5300.

Intraday Calls

BATAINDIA  ( Bata India Ltd )

ABGSHIP ( ABG Shipyard Ltd )

KPRMILL (KPR Mill Ltd )

Tags: daily market report, day trading calls, Intraday, intraday calls, intraday stock calls, nifty signals, US Markets, world news

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 )

Tags: daily market report, Day Trading Alerts, day trading calls, Intraday, intraday stock calls, intraday tips, news update, nifty signals, Short Term Calls, stock calls, world news

Today’s Intraday Calls

Some Latest News Bits
• NMDC is planning to invest around Rs 24 bn to lay a pipeline between its Chhattisgarh plant and Visakhapatnam in Andhra Pradesh. The proposed pipeline will transport iron ore from Bailadila mine in Chhattisgarh to Vishakhapatnam. (BS)
• Fortis Healthcare will buy 23.9% of Singapore healthcare provider Parkway Holdings for USD 685 mn, giving it access to the Southeast Asian markets. Fortis has agreed to buy the stake from buyout firm TPG Capital. (ET)
• Bharti Airtel announced the launch of its digital media business, its foray into entertainment, to deliver content to a range of users, including producers and media firms. The Company will not produce any content, but market and cater to a variety of users such as animators, gaming firms, news channels, cinemas and banking institutions. (ET)

• India’s Food Price Index rose 17.81% in the 12 months to February 27, while the Fuel Price Index was up 11.38%, the Government said. The rise in the Food Price Index was marginally lower than an annual rise of 17.87% in the previous week. India’s Primary Articles Price Index was up 15.08% year-on-year as on February 27. (BS)

Nifty View:
SUPPORT FOR TODAY 5022/4933
RESISTANCE FOR TODAY 5166/5222

20DMA@4950
50DMA@5021
200DMA@4786

Intraday Calls/Resistance/Supports

STER ( Sterlite Industries ( India ) Limited )

COREPROTEC ( Core Projects And Technologies Limited )

JYOTISTRUC ( Jyoti Structures Ltd )

Tags: daily market report, day trading calls, Intraday, intraday stock calls, intraday tips, nifty signals, Short Term Calls, stock calls, world news