Today Trading Tips, Stock Market News Updates – June 2
Posted by Stock Market Guru on 1 June, 2009
2 Comments
Market News Highlights
- Yesterday sensex opened with 120 point gain and was trading with positive biased. Asian and EU markets were also opened and closed with gain following US market gains on friday. After bit volatility in market, Sensex and nifty finally managed to close above 9 months high at 14841 and 4543 level respectively. Small cap index was up 3.5% and mid-cap index was up nearly 3%. The easing liquidity situation has helped the realty index to trade in GREEN with 5% points up.
- Results To Watch: NRB Bearings, Acrysil Board
- Market Lot Size has been revised by NSE: Read here
- Auto sales reported positive in may 2009 with cumulative auto sales index up by 8%.
- 8 Indian cities among world’s 25 riskiest offshoring locations on concerns like terrorism, pollution and geopolitical issues: NCR (Delhi, Gurgaon and Noida), Mumbai, Chandigarh, Pune, Chennai, Bangalore, Hyderabad, Kolkata – BS
- Standard Chartered Bank could underwrite up to $5 billion to back Bharti Airtel Ltd’s $23 billion tie-up with South African telecom operator MTN Group Ltd – BS
- US-based automobile major General Motors has filed Chapter 11 bankruptcy protection. GM, reeling under the financial crisis that has severely affected banks and automobile companies in the US, has listed assets of USD 82.29 billion as of March 31 and liabilities of USD 172.81 billion. – India Earnings
- The government is set to appoint three new Chairman and Managing Directors (CMD) for Syndicate Bank, Bank of India and United Bank of India – BS
- Exports down over 33% in April, sharpest in 14 yrs
- The government will consider bringing out an Initial Public Offer for flag carrier Air India – Prafull Patel, BS
- Market Lot Size has been revised by NSE: Read here . As market lot size is reduced by 2 to 4 in many stocks, we may see heavy market crash in september 2009. As i was saying Nifty should touch 3000 level again in 2009. Nothing has changed in last 3 months and FIIs had pulled up market to 4500 level. Now they will start booking profits. Government is also helping them in playing this game. As they had inceased LOT size 3 months before and that had brought market up very rapidaly now market U turn will start soon. Remember my lines if you wont follow my tips to sell INDEX and Reality Stocks.
- Nifty Levels: Support Level 4500, 4460, 4380 Resistance Level 4568, 4608 , 4640 (If its trading below 4500 for more than 30 mins then start selling your profitable shares otherwise you will cry)
- Buy Moser Bear: Short Target 134, Stop Loss 92
- Buy Lanco Infra: Target 370, 376 Stop Loss 355
- Buy Gujarat NRE Coke: Target 51 Short Target 54 Stop Loss 43
- Buy Bajaj Aauto Finance: Target 157, 159 Short Target 167 Stop Loss 144
- Buy Ansal Properties: Target 73, 75 Stop Loss 68
- Sell RS Software: Target 33 Stop Loss 37
- Sell SpiceJet: Target 22.8, 22.5 Short Target 20 Stop Loss 25
- Buy R Capital: Target 1010, 1018 Stop Loss 965
- Sell Anus Labs: Target 32, 31 Stop Loss 36
- Buy JP Hydro: Target 76, 78 Short Target 87 Stop Loss 69
- Sell Zee TV: No Target should go 10 to 15% down in near term
- Exit Tata Motors
- Past Trading Calls View Here
Mid-Session Updates
- Market is trading below 4500 and as i have told u guys to exit in stocks. 2 closes below that level will drag nifty below 4200 level in short days.
- Next nifty level to watch out is 4460
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2 Comments on “Today Trading Tips, Stock Market News Updates – June 2”
Good and I would like to know about ISPAT share can u guide me on that.
Thank You
@kiran thanks for your reply. its not that good company but in july we may see some hikes in steel price so we may see ispat getting good profits out of it. so if u have bought it on lower levels then u can hold otherwise dont enter for fresh positions. Better to go with Tata steel or JSW Steel.