Global indices in negative trend, Indian markets also under bear control.
Outlook is bearish and volatile. We continuously recommended to avoid long. But one-thing must buy value scrips at lower level systematically to get short term gains.
Telecom scam, Promoter holding pledge, Alleged Mining, IT raids are most active news now.
Worst topics: Global financial crises, Rising Inflation, World economy slow down, Crude volatility, Rising bank rates, etc. CBI investigations in many corporate houses, shares of these companies in news.
BSE SENSEX - NSE NIFTY
| Index | Support | Resistance | Trend | Month |
|---|---|---|---|---|
| NSE NIFTY | 4500 | 5250 | Bearish | September 2011 |
| BSE SENSEX | 15000 | 17500 | Bearish | September 2011 |
Stock Market Advice
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Performance of Tips
HOV Services, Alfa Laval, CCL Products, K S Oils, Axis bank, Shalimar Paints, Tata Investment Corporation, Axis IT, SKS Microfinance, Bajaj Finserve, Reliance capital...recently recommended scrips. Provider of free tips but paid performance.
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Most of recommended securities for investing, Intraday, BTST performing well. See the previous posts to know the past performance of recommendations.
Stock Investing - Intraday Stock Trading and Strategy
Tree House Education
Tree House Education and Accessories, one of the leading educational services provider in India.
Stock price now Rs. 165.
Buy with stop loss of Rs. 160.
Target price is 175 to 185.
This is pure Intraday stock pick. Book profit at higher level.
VA Tech Wabag Limited
WABAG - international supplier of systems for drinking water and industrial water systems.
Share price - Rs. 390.
Buy with stop loss of Rs. 380.
Price target is 400 to 420.
This is pure intraday trading idea. Book profit at higher level. Follow strict stop loss.
Strong support at 370 to 375 level. Consider to BTST if trades safely.
Update on 23-Sep-2011 before Indian stock exchange open.