Indian stock market is showing a sideways movement and that is the reason that Sensex snapped a three-day rise, and it ended down 45 points or 0.22% at 20,016, as investors moved to the sidelines ahead of key U.S. economic growth data today. Ratings agency Fitch's warning that it may lower Greece's credit rating to "junk" status also weighed on sentiment to some extent. The 50-share Nifty also ended down 16 points or 0.27% at 5,984, but the BSE small-cap and mid-cap indexes posted modest gains. In the broader market, gaining shares outpaced declining ones by 1504 to 1395 shares on the BSE.
A reason to cheer is that SEBI watchdog is biting now with an interim order that syndicate members, that handled the initial public offer (IPO) of Coal India, to compensate investors for non-receipt of shares. Around 12,000 applications did not receive any shares due to the syndicate member's inability to upload investors IPO application forms. Syndicate members are the broking houses distributing IPOs and are responsible for the timely updating of IPO applications on the stock exchange platform–the NSE as well as the BSE.The regulator has apparently asked these syndicate members to compensate investors in the form of Coal India shares or money equivalent to the difference between the IPO issue price and the opening price for the number of shares under consideration.
On the global front oil has surged to $93.59, highest since Oct 2008 and we like to see it touching $100 mark per barrel.
If we analyse that whether FIIs will keep pumping money in our county, than one need not worry as we agree to this fact that Indian markets were trading at a premium as compared to a few emerging markets. However, after the recent sell off where the markets lost around 11 per cent, we see that the valuations are reasonable and not expensive. There are other emerging markets like Indonesia that still continue to be expensive. So, within the emerging market asset class, India is reasonably placed with valuations in line historically and the premiums are also in place.
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Derivative Segment future Prediction Analysis of derivative segment data suggests that
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5900-5830 | 6000-6050-6150 |
| Sensex | 19700 | 20217 |
| Stock | Profit (Rs) |
| Tip | 1640 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 36455 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 65230 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Ispat Ind, Core Protect, Asian Paints, Hindalco, Hexaware, Wipro, Hind Zind, Polaris, Mphasis & Tisco.
Weak future stocks at NSE
Sintex, Ibrealest, Welcorp, Orbit Corp, LIC Housing, SCI, Rel Infra, KFA, India Info & Uco Bank.
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