RBI Credit Policy is key story of the day on street. No biggest change in RBI credit policy and impact in markets. If any minor rate hikes shows small reaction but nothing to say more.
Petrol Price hike may boost companies like BPCL, HPCL...
Global indices in green. Indian markets also perform in same way.
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
Did you know? above 90% of day traders loss their wealth in margin trading, please don't join in this list.
Performance of Tips
K S Oils, Axis bank, Shalimar Paints, Tata Investment Corporation, Axis IT, SKS Microfinance, Bajaj Finserve, Reliance capital, Kiri Industries, Nitin Fire Protection...recently recommended scrips.
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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 - Stock Trading
JHS Svendgaard Laboratories Limited
JHS Svendgaard Laboratories operates as a contract based manufacturer of dental and oral health care products in India.
Stock price now Rs. 39.
Buy with stop loss of Rs. 37.
Target price is 42 to 45.
This is intraday stock tip. Book profit at higher level.
Hindustan Copper Limited
Public sector enterprise, a primary producer of copper.
Share price - Rs. 230.
Buy with stop loss of Rs. 225.
Price target is 240 to 250.
This is pure intraday trading idea. Book profit at higher level. Follow strict stoploss.
SKS Microfinance Limited
SKS Microfinance is India's largest and world's second largest Microfinance, non-banking finance company(NBFC) company.
Current market price level - Rs. 210.
Must buy with stoploss of Rs. 200.
Target price is 260 to 300.
This is short term investment idea. Recommended as pick of this week.
Update on 16-Sep-2011 before Indian stock exchange open.