Edit this postThe benchmark BSE closed at 16,999, down 52 points or 0.30% and the S&P CNX Nifty fell 8 points or 0.15% to 5,055. However, second-line stocks witnessed good buying support.
On the positive side one can heave a sigh of relief as market participants are projecting a target of Nifty 7000 levels with in an year or two and same is feasible as we are just 19% short of the previous highs.
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Do remember to keep an eye on important support and resistances as market is moving range bound. Moreover as a free tip for our readers one can track the baltic dry index which is the world wide shipping index and as it progresses our shipping stocks also progress accordingly.
| Indices | Support | Resistance |
| Sensex | 16900 | 17467 |
| Nifty | 4990 | 5166 |
Jackpot Tip Analysis
| Stock | Profit (Rs 1 lakh Trading) |
| Tip | 2000 (our Jackpot subscribers were advised yesterday to buy tyhis stock in large quantity and did that and made huge amount of money and probably recovered a year subscription fees from a single trade). F&O traders made cool amount of money by a number of lots. |
BSE NSE Intraday trading Tips
| Stock | Profit (Rs) |
| Tip1 | 2390 |
| Tip2 | 1515 |
| Tip3 (small cap) | 150 |
| Tip4 | Trade was not to be initiated as day open and high were same. |
| Tip5 (mid cap) | 450 |
| Tip6 | 1270 |
| Tip7 | Trade not initiated |
| Tip8 | 1190 |
| Tip9 (small cap) | 145 |
NSE Future tips Analysis
| Stock | Tip |
| Tip1 | 12847 |
| Tip2 | 5850 |
| Tip3 | 9520 |
| Tip4 | 4350 |
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IPO Update
Cox and Kings IPO Allotment Status . Cox and Kings IPO is starting from 18 Nov 2009 and ends at 20 Nov 2009. Retail participation is expected to be bad as previous IPOs didnt fare well. One can subscribe for this IPO as it is a safe investment.
Jaypee Infratech, a subsidiary of the infrastructure group Jaypee Associates will file the draft red herring prospectus for an initial public offering this week. the company is looking at raising Rs 1500 crore from the issue by the diluting 10-12% equity.Morgan Stanley, DSP Merrile lynch, Bank Of America, ICICI Securities, Enam Securities, Kotak and SBI Caps have been appointed to manage the issue.
Steel Sector Update
SAIL to set up 12-million tonne facility in Jharkhand. SAIL is buzz with activity due to disinvestment news.
Auto Update
Hyundai to invest Rs 800 cr on small car project
Misc News
Hindalco gets shareholders nod for raising Rs 2,900 cr
Strong Future
Jindal Saw Steel, Sesa Goa, Renuka , MLL, IDFC, Ashok Ley, McDowell-N, Hind Zinc, Recltd & Neyveli Lignite.
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Weak futures
TV-18, ICSA, Punj Lloyd, Sterling Biotech, TTML, Bharti Airtel, Idea, GMR Infra, India Cement & Tata Comm.
Global Market Update
US stocks slipped, pulling the Standard & Poor’s 500 Index down from a 13-month high, as technology companies slid after profit forecasts at Autodesk Inc. and Salesforce.com Inc. trailed some analyst estimates. The Dow Jones, S&P 500 and NASDAQ fell 0.11%, 0.05% and 0.58%, respectively. Autodesk, the biggest maker of engineering-design software, slid 10% after saying job losses in core markets are making the company’s recovery “challenging. The market’s decline was limited as Bank of America Corp. rallied after John Paulson’s hedge fund said the shares may almost double.
