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Even corrections are good as one gets an opportunity to buy good stocks at sale and this today sale had occured due to poor L&T results and market was looking for an excuse and same was granted. However do not get overboard with this fall as tomorrow results of Reliance and Bharti will determine the course of the direction of the market and it will be decisive in nature.
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Thus if these stocks do provide some positive news than again ALL is well and journey will commence to the upside. Definitely it was a bad day for the market as huge selloff has been seen on big volumes. Capital goods, realty and power stocks were the worst hit. The benchmark Sensex closed near the day's lows at 17,051, down 423 points or 2.42%, the biggest percentage decline since November 3, while the Nifty fell 128 points or 2.44% to 5,094. CNX Midcap index was down 2.46% and BSE Smallcap index was down 2.48%.


The market breadth was negative with advances at 168 against declines of 1128 on the NSE. It is a matter of concern that Nifty long term support at 5180 has been broken decisively. Be on the look out for monetary policy which will determine the course of the mkt direction to a great extent and if it is not harsh, than again good days will return. However we need to closely watch if the level of Nifty 4949 is maintained or not and if the same is not maintained than one can see some more fall in offing.

Jackpot Results 
The fall was anticipated and sell call was given which yielded Rs 1885 for the subscribers by trading Rs 50000 stocks.
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Intraday Trading Tips Analysis
Total profit from this segment was Rs 4750 by trading 100 shares of each stock.

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Future and Options Trading Result
It was a fantastic day as it made a net of Rs 13450 for the traders in the derivatives market.

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Strong futures at NSE
Sun TV, GTL Infra, Finance Tech, Chambal Fert, Pantaloon Retail, Dish TV, Federal Bank, Nagarjuna Fertil, Triveni & DCB.

Weak futures at NSE
LITL, Pir Health, Hind Petro, LT, Balrampur Chini, Orchid Chem, BPCL, Bajaj Hind, Praj Industry & HDFC.
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