It was a very good session for the Indians share markets on last Friday. It started the day very flat and at the end of the day gained some ground and bounced back when sensex gained a whooping 524 points or 4% over the previous close to end at 13,635 levels. Nifty was also up by 145 points or 3.45% to close at 4092 levels.

It was a very volatile week when the markets again touched 2008 lows of 12,514 points. Sensex gained over 1100 points to recover partially and nifty too gained about 1.2%. The results of some top tier IT companies came from TCS,Infosys,Wipro and Satyam. But the IT index lost about 8.3% over the previous week. The better than expected inflation figures and crude oil prices softening helped the markets to recover a lot on the last trading session of the week. The banking and realty space did very well towards the end.

The next course of market movement will be decided after July 22nd,2008 when the Govt will have to face the vote of confidence. A lot of hot discussions are going on among the political parties for this important event. So the markets might react sharply to this. Local conditions will rule the markets for coming 2-3 days than the global factors.

The intra day trading tips for Friday did very well with some gaining about 10% intra day. So here goes some intra day tips for July 21: IDFC(cmp 110), Chennai Petro(cmp 305),ICICI(cmp 618),Axis Bank(cmp 687),Selan Expo(cmp 223),Gujurat NRE coke(cmp 114),JaiPrakash Associate(cmp 161),India Bulls Real Estate(cmp 290),National Aluminium(cmp 357),Punj Lloyd(cmp 221).

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