Indian stock market is in uptrend and a positive move ahead of Diwali is not ruled out. Mkt is moving from each support to resistance and in turn resistance will become support.
The August Index of Industrial Production (IIP) number has come in double-digits at 10.4% as against 6.8% last month and same was the reason for the upsurge on the last trading day. Another reason for markets upsurge was Anil Ambani''s decision to sort out all disagreements with Mukesh cordially.
Market Watch
| Index | Support | Resistance |
| Sensex | 16819 | 17255 |
| Nifty | 4999 | 5161 |
Share Market News Tracking
(a) One need to keep watch second monetary policy review due on October 27.
(b) Reserve Bank Governor D Subbarao on Monday disscussed with bankers credit growth, interest rate hikes and inflation and said interaction will be used to arrive at a decision for increasing interest rate in monetary policy.
(c)HDFC Q2 net rises 24% at Rs 664 cr
(d) Axis Bank Q2 net up 32% at Rs 531.64 cr
Stocks and Shares | Tip Results
| Stock Clue (Free Subscribers Exercise your Grey Cells) | Profit |
| Company has gone green | 270 |
| Oil PSU Navaratna | 2090 |
| Construction Company | 460 |
| Auto Lubrication giant | 400 |
| Sugar stock | Trade is not initiated. |
| Copper share | 1390 |
| Engineering Giant | 200 (range bound, hovering near entry price) |
| 2 Sell Tips | Share did not reach entry price and thus trades were not initiated. |
Online F&O Tips Result Analysis
| Future and Option Tip | Profit |
| Tip 1 and 2 | Trade is not initiated. |
| Tip 3 | 4752 |
| Tip 4 | 9660 |
| Tip 5 | Trade is not initiated. |
| Tip 6 | 2418 |
Jackpot tip was a hit and gave a return of Rs 1800 for every 100 share trading and it hit both the targets. A number of subscribers are querying that whether it is a pre or post market call and it is once again reiterated that it is a Pre Market call.
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