My
Dear visitor’s, the Indian Stock Markets failed to recover today
27th July from yesterday’s drubbing. The expected
bounce back came in, but it was sadly short-lived. The Stock Market
opened the pre-expiry session in the green, but soon lost ground. The
lethal blow that the Market received yesterday after increment of 50
BPS of Repo and Reverse Repo rates by R.B.I and it’s lingering
effect will persist for some more time. Now most probably Market will
now start testing the lower levels. And again the best strategy for
the Indian Stock Market is sell on abnormal rise and buy in extreme
lower panic levels. Remember, as per the banking Experts there may be
another hike of 25 BPS, which will derail the growth estimates. Now
for the time being 5700 is considered to be a very tough resistance
level of spot Nifty and Supports between 5550 and 5450 are very very
important. If The Markets breaks 5450, then it will collapse and very
soon the level of 5200 will definitely be seen. So the conclusion is,
keeping the sluggish condition of Indian Stock Markets, trade
carefully and book your profit soonest. Last but not the least, I
would like to say, that the present Market is just good for Intraday.
So try to get the benefit by means of intraday trading, if possible.
Intraday
Stock Tips For 28 July 2011
1. ATLASCYCLE
(Atlas Cycles (Haryana) Ltd.) :- Buy at 453.30, Strict sl at
439.90, Intraday Target 458-466 Strong Resistance -473-480.
2. ADVANTA
(Advanta India Ltd.):– Buy at 313.90, Strict SL AT 306.95,
Intraday Target 316.20-318 Strong Resistance -325-331-337.
3.
FCH (Future Capital Holdings Ltd.):
– Buy at 184.15, Strict SL at 176, Intraday Target 186-188
Strong Resistance -192.