Indian stock market has been showing a swinging movement where we see market going down and again recovering near the fag end of the day. Indian markets are not immune to global crisis as European debt and related concerns are leading to a fallout which may turn out to be a hindrance for the foreign fund inflows. For the short term we are seeing a down trend in market and one must keep support and resistance given below under observation. In such scenarios one can take a bet in defensive healthcare and public sector undertakings. However if you want to get only
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Jackpot intraday tip is the call which can not be ignored which has made our site as the best performing site. Market is going to see a Yo-Yo action today as Reliance and RNRL court case result likely to be coming. Two scenarios exist i.e. if result is in favour of RNRL than stock will touch 74 level and Reliance likely to tank to 975 levels. However if Reliance wins the case than Reliance stock rallies to 1050 level and RNRL has a free fall. Thus keep an eye on results and undertake the action accordingly as per court decision.
10 PSUs which are likely to be divested in near future are Engineers India Ltd (EIL) , Coal India Limited (CIL), Hindustan Copper Limited (HCL), SAIL, Power grid, IOC, Manganese ore, Rashtriya Ispat Nigam Ltd (RINL), MMTC and SCI.
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| Indices | Support | Resistance |
| Nifty | 5038-4950 | 5162-5200 |
| Sensex | 16850-16736 | 17276 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1655 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 23520 |
Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 37850 |
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Derivatives Market Update
Cost of carry is increasing and it shows that long position is being built at lower levels. On the option front, implied volatility (IV) has increased marginally and it shows that market will remain volatile and Nifty 5080 will act as a good support and 5200 may emerge as a steep resistance in coming days..
Financial News Impacting Indian stocks
FY10 exports fall; targets 15 pct export growth.
World stocks hit 2-month low, euro extends fall.
IMF chief Strauss-Kahn to visit India next week.
Rupee has been depreciating against the dollar for past couple of days and touched 45.45 today.
National stock exchange strong future
Pir Health, Ashok Ley, ICSA, DCB, UCO Bank, Indian Bank, Andhra Bank, Vijaya Bank, Uniphos & EKC.
National stock exchange Weak futures
ABB, Balrampur Chini, Aditya Birla, Aban Off shore, Sesa Goa, HDIL, Tech Mahindra, Renuka, JP Associates & Tata Steel.
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