In previous posts we have specified that Nifty is going to be range bound between the levels of4499-5200 and till either of the side of the range is broken; mkt is likely to show a whipsaw movement. Thus the above analysis holds true even after so many days of the statement made by our research team.
Thus to make it all the more simple to understand for a layman we can say that market will gain strength if BSE Sensex is able to close above the level of 16860 on weekly basis and same occurs consecutively for coming 2-3 trading sessions.
At global levels we can keep an eye on Dow levels of 9500 which can determine the direction of important world stock markets which have a direct bearing on Indian mkt direction of movement.
Support and resistance to be watched with eagle eye to make continuous money from the market.
| Indices | Support | Resistance |
| Nifty | 4791-4860-4850 | 4900-4940-4936-4950-4993 |
| Sensex | 14899 | 16163-16400-16412-16450-16667-16700-16860 |
Today Stock Market
Profit booking at the higher levels is the order of the day and today was no exception and thus Indian stk market ended a lower The reason for the market drift was realty and IT stocks which took it downwards. Banking and metal stocks helped the mkt to regain its lost exposure. As a net result we saw BSE Sensex end at 16,441, down 58 points or 0.35% from its previous close, and the S&P CNX Nifty fell 17 points or 0.34% to 4,882.
SEBI Update
SEBI has announced that it will allow small and medium sized companies (SMEs) to list on existing stock exchanges and thus one can see a whole lot of small entities getting a platform to showcase their acumen. However, only those companies that have a minimum paid up share capital of Rs 100 million will be allowed to list on the NSE and BSE.
Jackpot Tip: Result Effectiveness
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| Stock | Profit for Rs 50,000 Intraday Trading |
| Tip | 1413 |
BSE NSE Day Trading Tips | Result Analysis
| Stock | Profit (Rs) |
| Tip1 | Trade was not to be traded as day open and high were the same. |
| Tip2 | 590 |
| Tip3 | Trade not Initiated. |
| Tip4 (large cap) | 4740 |
| Tip5 (small Cap) | 390 |
| Tip6 (small cap) | 330 |
| Tip7 | 740 |
| Tip8 | Trade was not to be traded as day open and high were the same. |
| Tip9 | 980 |
| Tip10 | Trade not initiated as trade opened gap up. |
Future and Option Tips for Traders to make Quick Money
| Stock | Gains (Rs) |
| Tip1 | 2507 |
| Tip2 | 13082 |
| Tip3 | 8400 |
| Tip4 | 2555 |
| Tip5 | 14800 |
| Tip6 | 2940 |
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- Credit Rating Agency CARE has assigned CARE IPO Grade 4 to the proposed IPO of Cox and Kings (India) Ltd. CARE IPO Grade 4 indicates above average fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
- State IPO push lifts BSNL, Coal India listing hopes.
- Intrasoft Technologies Ltd. is planning to enter capital market through an Initial Public Offer (IPO) in the near future. Infrasoft Technologies Ltd. is the owner of 123greetings.com, a highly popular electronic greeting cards website in India. Intrasoft Technologies IPO will consist of 37,00,000 Equity Shares, each having a Face Value of Rs.10 each.
- Resistance on upside 84$--87.5$--92$.
- Supports on Downside 76.7$--75.4$-74 $.
Indian Stocks News Update
- Tyres major Appollo Tyres would soon hike price of products due to increasing rates of rubber. in October, we had raise price by about 2.5% and we will be going for another price correction soon.
- Chennai based Zylog Systems is all set to acquire two companies in Singapore and the for $17 million as part of its global expansion.
- The departing boss of General Motors Europe, Carl - Peter Forster, is set to take charge of Indian conglomerate Tata group owned Jaguar Land Rover in the next few months.
- Bharat Forge to take part in bidding for NTPC.
- Nakoda Textiles board to consider issue of bonus shares.
- Reliance Communications ties knot with Atom Technologies.
Google has Acquired Admob which will give fillip to advertisement on mobiles.
Job Update
- Infosys BPO to hire 1500-2000 professionals.
- Accenture to hire 8,000 in India.
You
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