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Posted by Shyam as IntraDay Calls
Yesterday was a day which shall be remembered for sometime for bringing smiles in the faces of the traders and investors. The UPA govt winning the trust vote, positive global cues and falling crude oil prices had a great impact on the Indian share markets yesterday when sensex bounced up by almost 838 points or 5.94% to close at 14,942 levels. Similarly nifty too closed 237 points up or 5.29% to close at 4,477 levels.It is the highest intra day gain since Mar 25th, 2008.
As predicted here, the markets started with a huge gap up and then gained substantially during the later hours to close way up over the previous trading session. Almost all the sectors did extremely well with major gainers being RCom, ICICI, BHEL etc. Some of the intraday calls given out did very well giving close to 10% returns yesterday.
Meanwhile the US markets closed in green yesterday with crude oil prices easing to $124.44/barrel levels. The Asian markets are also doing well with Nikkei-225 gaining 1.27% currently. So we can expect another good trading session today.The markets are expected to open gap up today too. Some profit booking is expected at higher levels. So its advised to book partial profits today after the markets move up for sometime. Nifty to remain resistance around 4,600 to 4,650 levels.
So time for some intra day trading tips for today: Reliance Power(cmp 171),RNRL(cmp 90),RPL(cmp 171),Adlabs(cmp 507),India Bulls(cmp 277),LIC Housing Finance(cmp 298),Kotak Mahindra Bank(cmp 579),RCom (cmp 525),Punj Lloyd(cmp 270),BHEL(cmp 1,772),HDFC(Cmp 2380),Suzlon Energy(cmp 220),IVRCL infra(cmp 329),Jai Prakash Associates(cmp 173).
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