Indian market is on a week footing and thus one can see Nifty going down to the levels of 5550. Positive vibes will appear in market only once the Nifty moves above 5700 level else till than one is in a technical downtrend which can take market to 5300-5100 levels. However keep watch as level of 5600 can act as a support from where a bounce back may occur. Market has a tendency to move in a direction which will cause pain to maximum traders. Our subscribers had a field day who went short in Nifty around noon and filled their coffers.
Commodity market is seeing a fall in crude oil and same is good for the Indian economy as we are heavily dependen
t on the import of the oil. The price of gold was steady near its 3-month low for a second session Thursday morning amid a generally weak U.S. dollar. Gold for February edged up $1.70 to $1,334.70 an ounce. However this does not mean that one can write off the gold because till the inflation monster is hovering around the world will keep on buying gold and not to forget Indians love for gold jewellery. If one is looking for a panacea for all the financial worries than one can straightaway go for tips on how to make money and one will be making money like professionals everyday as success will become a second nature or a habit in itself which instills the confidence and provides that 3rd eye capability and intution to access the profit potential.
HDFC Bank Q3 net up 33% to Rs 1,088 cr . Inflation concerns also daunted investors as a modest rise in food inflation after two consecutive weeks of decline raised fears of another round of interest rate hike by the central bank before March. The market is still jittery about a likely slowdown in the year 2011 due to further hikes expected in policy rates by the RBI to control rising inflation. RBI hiked key rates by 25 basis points on Tuesday and revised inflation to 7% versus the 5.5% it had projected in its quarterly meet on 02 Nov.
Government data released today showed that India's annual food inflation for the week ended January 15 inched up marginally to 15.57 percent from 15.52 percent in the previous week, snapping a two-week decline. However, the fuel price index for the week edged down slightly to 10.87 percent from the 11.53 percent rise a week ago. The benchmark BSE Sensex closed down 285 points or 1.50 percent near the day's low at 18,684, with 28 of its components declining.
It is great to see Indian judiciary asking for an answer on the black money from Indian govt which will put Manmohan Singh govt on its toes.
Derivative Segment future Prediction: Analysis of derivative data shows that February series has started the month with an open interest of Rs32,360 crore in stock futures and Rs11,210 crore in Nifty futures. On the options front, pretty good activity was seen in the February series with the open interest in 5500 PE at the highest level, indicating that this level on a closing basis may act as a good support. However, a close below this level can take the Nifty to a lower target of 5300. On the higher side 5800-5900 may act as stiff resistance.
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Support and Resistances for the Day
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Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
BRFL, TV 18, HCL Tech, Ruchi Soya, TCS, Orchid chem, Ispat Ind, Jindal saw, Bank Of India & Alok Ind.
Weak future stocks at NSE
IVRCL Infra, LITL, Jindal SWHL, Patel Eng, Exide Ind, Bajaj Hind, Rel Media, TVS Motor, Apollo Tyre & Century Text.
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Globally, Standard & Poor's downgraded Japan's sovereign credit rating to AA- from AA, with the outlook on the rating seen as "stable," citing the country's soaring mountain of debt. The agency said Japan's debt dynamics were under pressure from various factors and that the debt ratio is likely to rise further than previously envisaged. The move took currency markets by surprise and the yen plunged to a six-day low of 83.09 against the dollar.
You can find more info related to the share markets of India by searching with the following keywords on the site by using the Google tool as given on the financial blog cum website.
Commodity market is seeing a fall in crude oil and same is good for the Indian economy as we are heavily dependen
t on the import of the oil. The price of gold was steady near its 3-month low for a second session Thursday morning amid a generally weak U.S. dollar. Gold for February edged up $1.70 to $1,334.70 an ounce. However this does not mean that one can write off the gold because till the inflation monster is hovering around the world will keep on buying gold and not to forget Indians love for gold jewellery. If one is looking for a panacea for all the financial worries than one can straightaway go for tips on how to make money and one will be making money like professionals everyday as success will become a second nature or a habit in itself which instills the confidence and provides that 3rd eye capability and intution to access the profit potential. HDFC Bank Q3 net up 33% to Rs 1,088 cr . Inflation concerns also daunted investors as a modest rise in food inflation after two consecutive weeks of decline raised fears of another round of interest rate hike by the central bank before March. The market is still jittery about a likely slowdown in the year 2011 due to further hikes expected in policy rates by the RBI to control rising inflation. RBI hiked key rates by 25 basis points on Tuesday and revised inflation to 7% versus the 5.5% it had projected in its quarterly meet on 02 Nov.
Government data released today showed that India's annual food inflation for the week ended January 15 inched up marginally to 15.57 percent from 15.52 percent in the previous week, snapping a two-week decline. However, the fuel price index for the week edged down slightly to 10.87 percent from the 11.53 percent rise a week ago. The benchmark BSE Sensex closed down 285 points or 1.50 percent near the day's low at 18,684, with 28 of its components declining.
It is great to see Indian judiciary asking for an answer on the black money from Indian govt which will put Manmohan Singh govt on its toes.
Derivative Segment future Prediction: Analysis of derivative data shows that February series has started the month with an open interest of Rs32,360 crore in stock futures and Rs11,210 crore in Nifty futures. On the options front, pretty good activity was seen in the February series with the open interest in 5500 PE at the highest level, indicating that this level on a closing basis may act as a good support. However, a close below this level can take the Nifty to a lower target of 5300. On the higher side 5800-5900 may act as stiff resistance.
Click Here to Get Free Stock Market Tips in Email
Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5560-5535 | 5690 |
| Sensex | 18995 | 18995 |
| Stock | Profit (Rs) |
| Tip | 1740 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 28650 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 45390 |
BRFL, TV 18, HCL Tech, Ruchi Soya, TCS, Orchid chem, Ispat Ind, Jindal saw, Bank Of India & Alok Ind.
Weak future stocks at NSE
IVRCL Infra, LITL, Jindal SWHL, Patel Eng, Exide Ind, Bajaj Hind, Rel Media, TVS Motor, Apollo Tyre & Century Text.
Click Here to Get Free Future and Option Tips in Email
If you like our post than do not forget to refer our hot share tips website to your friends and colleagues.
Globally, Standard & Poor's downgraded Japan's sovereign credit rating to AA- from AA, with the outlook on the rating seen as "stable," citing the country's soaring mountain of debt. The agency said Japan's debt dynamics were under pressure from various factors and that the debt ratio is likely to rise further than previously envisaged. The move took currency markets by surprise and the yen plunged to a six-day low of 83.09 against the dollar.
You can find more info related to the share markets of India by searching with the following keywords on the site by using the Google tool as given on the financial blog cum website.
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