However technically market is looking weak as volume is low and last week’s drop has taken the MACD to the brink of crossing to the downside and thus one can say that there is some more room to the downside from a technical point of view.
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Derivatives Update: On the option front, implied volatility has remained almost flat in spite of the big moves, pointing towards uncertainty in the coming days. This means that one can go for a straddle in Nifty to benefit from one sided movement in the Nifty. However this one sided movement can be on either side with technical's supporting a downward bias.
| Indices | Support | Resistance |
| Sensex | 17000 | 17466 |
| Nifty | 5100 | 5166-5250 |
Jackpot Tip | Result
| Stock | Profit (Rs) |
| Tip | 2475 ( for Rs 50,000 Trading) |
Intraday Trading Tips | Result Analysis
| Stock | Profit (Rs) |
| Tip1 | 900 |
| Tip2 | 1675 |
| Tip3 (small Cap) | 190 |
| Tip4 | 870 |
| Tip5 (small Cap) | 320 |
| Tip6 (small Cap) | 225 |
| Tip7 | Trade Range Bound,near entry price |
Future and Option Tips Result Analysis
| Stock | Profit (Rs) |
| Tip1 | 12150 |
| Tip2 | 3350 |
| Tip3 | 8550 |
| Tip4 | 19520 |
| Tip5 | 5568 |
| Tip6 | 2250 |
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IPO News
- Aditya Birla Retail, the country's second biggest supermarket operator, is considering an initial public offer (IPO) and same is likely by year 2012 . It operates more than 650 stores.
- Prestige Estates files DRHP to raise Rs 1200cr.
- MBL Infrastructure IPO fully subscribed.
- JSW Energy IPO to open on Dec 7, with 60% to QIBs.
- 84% Hike Recorded by Maruti in Yearly Sales.
- Nokia sees cellphone market up 10 pct in 2010.
- W.Bank to loan India $1 bln to clean up Ganges.
- Yahoo expands integration with Facebook.
- Govt to sell stake in 3 state firms by March - power secy.
- Govt yet to decide on state-run banks merger – Mukherjee.
- Rural Elec Corp sees follow-on sale in Jan.
- China c.bank: gold prices high, warns of bubble.
- Dubai World to meet creditor panel on debt crisis.
- April-Nov direct tax up 3.71 pct y/y – govt.
- Bank loans up 9.8 pct on yr in 2 wks to Nov 20 – RBI.
- The Government is understood to have begun the exercise to amend the numbering plan to migrate to 11- digit cellular number from the current 10 – digit in order to accommodate more users.
- Vodafone and Samsung Launch 360 Social Networking Phone.
Mutual Fund News
At least 10 domestic mutual funds (MFs) would list their schemes within a week on the National Stock Exchange’s (NSE’s) Mutual Fund Services Platform, which was launched on Monday.
Strong futures
Dena Bank, Tata Motors, Ranbaxy, Jindal Saw, Orchid Chem, Canara Bank, Sail Ltd, Recltd, Hind Zinc & McDowell-N.
Weak futures
Rel Infra, EKC, Punj Lloyd, Mphasis, Siemens, India Info, RCom, Great Offshore, MRPL & OFSS
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