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Intraday Tips For Friday 17th June 2011

Intraday Stock Tips For 17 June :- My Dear visitor’s, indian equity benchmarks slipped to three weeks low in the late trade on Thursday 16th June post reports that there would be monsoon deficit in the country. However there was a bit of relief after clarification from meteorological department. Even the fall in global markets on greek’s debt. Problems added more pressure on indian equities. Much awaited event the R.B.I. credit policy was declared today. As I expected, they have increased the Repo and Reverse repo rates by 25 BPS Respectively. This is the 10th time in 15 months, R.B.I. hiked the interest rates and as per the experts they are going to continue the process in near term in the rest of financial year, which will definitely have some detrimental effect on the market.  So the conclusion is, now keeping in mind the negative factors, we have to trade carefully for the rest of the years or else the situation improves drastically.

DBREALTY (D B Realty Ltd.) Strict Stoploss, Strong Resistance – 83.85-85.75
BUY AT   78.15         74.05              80               81.95   

SKSMICRO (SKS Microfinance Ltd.) Strict Stoploss, Strong Resistance –369-372
BUY AT    397.80        386.80        400.80          403.30   

GITANJALI ( Gitanjali Gem Ltd.) Buy preferably on delivery basis, but if you can make some reasonable profit, then book it and don’t hold the stock unnecessarily. Short Term Target 320
BUY AT   115.50           292            298                300    
Don’t buy any Stocks in large quantities at a time.

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Intraday Tips Updated at: 9:32 PM
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