After opening firm on positive global cues, the benchmark 30-share Sensex pared all its early gains and slipped into the red, hitting an intra-day low of 19,049 at noon, after the release of IIP report. India's industrial output in November rose a slower-than-expected 2.7% from a year earlier, sharply lower than a revised 11.3% expansion in October, due to poor patronage by consumer non-durables, intermediate goods, manufacturing and power sectors, the Central Statistics Office said. Economists were expecting an annual growth of 6.7%. Tomorrow we are going to see action in Infosys as IT bellwether Infosys, is going to release its third-quarter results on Thursday. We have seen short covering being undertaken which has lead to rally in market and one need to keep Nifty 5750 and 5618 under observation as these levels will provide support to market. The Securities and Exchange Board of India said today that it is looking into the idea of setting up of SME exchanges even though no bourses have formally approached it. Thus lot of opportunites are abound in the market and one just need to tap the right resource and for that one has opportunity knocking at the door in form of one can straightaway go for futures trading secrets and learn the art of making money from the stock market.
Derivative Segment future Prediction: Analysis of derivative data suggests that 6.44 lakh shares were added in open interest with a decrease in the cost of carry, indicating short positions continue to build at higher levels. On the options front implied volatility further decreased marginally by 150-200 basis points, indicating 5700 levels on a closing basis may remain a good support going forward.
Gujrat is going to be vibrant in 2011 with plethora of investments ranging from Anil Ambani-led Reliance investing Rs 50,000 crore, Adani Group Rs 80,000 crore and Essar Rs 30,000 crore each.
Indigo has taken every body by surprise as it has placed biggest aircraft purchase in commercial aviation history as it will be buying 180 A320 aircraft from Airbus and thuis order is going to set it back by $15.6 billion. IndiGo will also be buying 150 of upgraded neo versions. Airbus has said that this is the biggest single large jetliner order in commercial aviation history.
The Indian central bank's move to grant new bank licenses is to create more capacity and competition in the system, but the "right size" of a bank remains a debate for the industry, a deputy governor of the Reserve Bank told a conference Wednesday.
Have you ever wondered that what are the reasons which keep the gold prices up ticking and if not than below analysis will help you to arrive at a logical decision. To make it simple we can say that slow economic growth, low opportunity costs, negative real yields, wealth preservation, and central bank buying all have buoyed gold prices and are likely to support prices going forward too. One can also in simple terms state that gold is simply adjusting to changes in global monetary conditions. When a central bank increases their money supply, the price of other currencies adjusts upwards. This is true for all currencies including gold. Thus as a thumb rule one must have a portion of his capital in gold and same can be even in form of jewellery also as one gets the appreciation and also keep the better half in good humour. Thus we can say that Heads I win and tails you lose or “Chit bhi mera and Patt bhi Mera”. However just make sure that you buy gold after having seen it with a karat meter to ensure its quality.
November industrial growth nosedived to 18-month low of 2.7% vs 11.29% in October, pulled down by dismal performance of manufacturing sector.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5750 | 5882-5938-5995 |
| Sensex | 19200 | 19638-19834 |
| Stock | Profit (Rs) |
| Tip | 1630 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 39840 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 56780 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Jindal Saw, Hexaware, Praj Ind, Hind Zinc, HCL Tech, Sesa Goa, Bata India, Glaxo, Indian Hotel & Ispat Industries.
Weak future stocks at NSE
Syndicate Bank, HDIL, JSW Steel, LIC Housing, Patel Eng, Orbit Corp, Bajaj Auto, MLL, GMR Infra & IOC.
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