Tomorrow the complete market is waiting with bated breath for credit policy review which is likely to be announced and we see a hike of 25 basis pts. This is already factored in the market and it will remain positive if the level of Nifty 5600 is held. we are going to see market surging past the levels of 5800. Market may react violently if the hike is more than given levels. Retail investors have a good news as onion prices have crashed to Rs 13/kg in Maharashtra and last but not least HCC is trying to do its bit by going all out for its dream Lavasa project as its executives met Ramesh to seek 'negotiated solution'. Our subscribers also had a dream run today with ICICI Bank as it has given a 77.5% upside in its qtr 3 results. Banking stocks led the gainers owing to upbeat results and short covering ahead of RBI's quarterly policy meet tomorrow. Economists expect the central bank to increase repo and reverse repo rates by at least 25 basis points each. Thus to make money like your counterparts be a part of the team which will make money making your second nature and if you are ready, than check out the daily tip and make money like professionals everyday. BSE advance-decline ratio stood at 1.4:1.
Another reason to cheer as a nation is that our FY11 tax collection has exceeded target by Rs 37,000 crore and we are happy to announce that the coming budget salaried class may have a breather as they are likely to be exempted from filing of income tax. This will reduce more than 50% work load and will help IT people to catch big fishes or bringing back money from Swiss banks. Let us all be responsible and file the income tax correctly and make India a force to reckon with as this status can only help us out from the shackles of the slavery which our forefathers suffered.
Derivative Segment future Prediction: Analysis of derivative data suggests that 5.74 lakh shares were added in open interest with a significant decrease in the cost of carry, indicating short positions continue to accumulate around 5750 levels. On the options front, implied volatility increased significantly, indicating the market will remain volatile ahead of the January futures & options contracts expiry.
On the global front in commodities segment we saw crude oil futures dropped further after a 2% drop last week, as the dollar was broadly higher against its major counterparts on Monday ahead of some key events this week that include Tuesday's release of consumer confidence numbers, Wednesday's interest rate decision by the Federal Reserve and GDP data on Friday.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5715 | 5800-5836 |
| Sensex | 19000 | 19350-19500 |
| Stock | Profit (Rs) |
| Tip | 1450 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 38940 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 52980 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
BRFL, Core Protect, TV 18, HCL Tech, Ispat Industries, Orchid Chemicals, Bank of India, Jindal Saw, Ruchi Soya & TCS.
Weak future stocks at NSE
Financial Technology, IVRCL Infra, Exide Ind, Patel Engineering, Jindal SWHL, STR Tech, Century Text, GVKPIL, Rel Media & LT.
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