The Indian investors couldnt have asked for more. The Indian share markets managed to cross the 9 month levels. Sensex shut shop at 14,840 levels gaining 215 points and nifty closed at 4529 levels gaining 81 points. Even though the market valuations look stretched at the current moment, the momentum may continue for some more time given the world markets are also riding a upward journey.

Yesterday General Motors(GM) has filed for bankruptcy protection under Chapter 11 as per US laws. But the US markets were roaring last night when Dow gained 2.60% and Nasdaq gained 3.06% on the back of positive figures coming in from the economy giving hopes for a faster recovery than expected. The Asian markets are looking mixed now with Nikkei-225 up by roughly 1% and Hang Seng down by 1% nearly.

So we can expect a flat to positive opening in the markets given that the markets has been rising non stop in the last few trading session without any consolidation. Profit booking could take place in the second half of the trading session. Here are some intra day trading tips for June 02, 2009.

Unitech

Buy Above 93 Target 96,101 Stop Loss : 90

Short Sell Below 89 Target 86, 85  Stop Loss :91

Suzlon

Buy  Above  114 Target 119, 121  Stop Loss :110

Sell Below 109 Target 107, 106 Stop Loss: 112

DLF

Buy  Above 416 Target 422, 426  Stop Loss :410

Sell Below 409 Target 405, 403 Stop Loss: 411

HDIL

Buy  Above 309 Target 314, 316  Stop Loss :303

Sell Below 302 Target 298, 296 Stop Loss: 304

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