Tomorrow is a big day and may be called as a D-day as it is going to determine the course of the action for the day. Trading on F&O expiry days have been deceptive as at times it has ben seen that market closes with a reverse trend as compared to the opening in the market and thus one must trade with proper guidance and stop loss. Today Japan's credit rating
downgrade by Moody's and which in turn has cited the reason as country's large budget deficit as the basis for downgrade has led to a fall in the stocks. Now all eyes will be on Italy financial situation.
Technically the market is weak as per today’s closing and tomorrow volatility will be high by virtue of sharp swings and it is attributable to traders rolling over their positions on F&O expiry. Nifty will show positive movement if sustains above 4885 and during its up move will find stiff resistance at 4950-5020 level. If Nifty is not able to sustain above 4900-4910 than it falls to the level of 4800. Thus make use of hot stock for the day for intraday trading and make sure shot money in the market as stock specific action is always the order of the day. On the flip side bank Nifty will encounter resistance at 10000 level which is a psychological barrier.
Global Markets Situation and its Impact on Indian Market
Global investors will be looking towards the Federal Reserve's monetary action, where it is expected that Ben Bernanke will introduce some form of stimulus to bolster the ailing economy. While another round of stimulus by Federal Reserve may bring foreign institutional flows back to India, macro-economic conditions continue remain a concern.
Corruption is a Necessary Evil : Read Views of Ratan Tata
Top industrialists have expressed concern over the impact that worsening corruption has on their businesses and said there was no shortcut to becoming a billion-dollar company other than doing things the right way. Ratan Tata has stated in no unequivocal terms and we quote "I think corruption has become worse and if you choose not to participate in this, you leave behind a fair amount of business,"
Corruption is not a road block for real entrepreneurs: Narayana Murthy
NR Narayana Murthy Chairman Emeritus, Infosys has stated on corruption and we quote "One can bribe their way to make a $10 million company, but if you want to make a $1 billion company, there is no other way but to do business the right way." So corruption or no corruption and if one works in the right direction, one will definitely rise high in society.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 4850-4800 | 4950-5020-5050 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1230 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 23590 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 45680 |
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Strong future shares at National stock exchange
Bata India, Petronet, Ruchi Soya, Chambal Fertilser, Jubilant Food, Bajaj Auto, IGL, Hero Motors, Mundra Port & VIP Industries.
Weak future stocks at NSE
Educomp, IVRCL Infra, Jet Airways, Triveni engineering, KS Oils, GT Offshore, Moser Baer, Dhan Bank, OnMobile & MLL.
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