World political tensions are taking its toll and same is seen in the drastic fall in the the Indian market. Escalating political tensions in West Asia, particularly in Libya is going to determine the future course of direction in the market. It now needs to be seen if Gadaffi can survive this crisis despite 40 years in power. As of now Indian market is undergoing a whipsaw which is attributable to global tensions and thus one must trade as per the given support and resistances to be able to get the best form the intraday volatility and in this case none can beat the intraday daily tips which are the sure shot way of making easy money every day by trading for less than two hours of the day. Nifty need to sustain above 5476 level to keep its trend intact. As a strategy one should avoid blindly shorting and let the consolidation occur in market and let cash be deployed after the announcement of the budget. However remember to make use of specific stock opportunities as when there is blood on the streets is the right time to enter in market to make a killing.
Crude prices climbed to clinch a 2.5 year high at $108.7 for Brent crude in Asian trading amid growing concerns that some of Libya's crude exports of 1.0 million barrels a day could be affected as violent protests continue calling for the resignation of Libyan leader Moammar Gadhafi. Gaddafi appeared on TV and called foreign channels as 'dogs' and made the comment that he is very well in Tripoli and not anywhere else. It is time this gentleman also paves way for the democratic setup. Hope Chinese people also take a cue from these uprisings and do something similar atleast for their self esteem. S Jaipal Reddy Minister Of Petroleum & Natural Gas and we quote “I think the current situation in oil prices is not because of any gap between supply and demand. It's caused by political factors, unrest in the Middle East. I think OPEC should react to address the fears of consumers. They must raise output to moderate the rise of oil price."
Meanwhile, with the Budget barely a week away, the prime minister's economic advisory council called for the withdrawal of some fiscal stimulus announced during the global economic downturn to boost tax revenues and put the economy back on track for fiscal consolidation. Auto stocks such as Bajaj Auto, Mahindra & Mahindra, Tata Motors and Hero Honda Motors fell by 0.56-3.36 percent in anticipation of a hike in excise duty in the upcoming budget. Car maker Maruti Suzuki lost 2.38 percent after launching a diesel variant of its SX4 sedan.
Prime Minister Manmohan Singh today agreed to the opposition's demand for a Joint Parliamentary Committee probe into the 2G spectrum scam. He has risen to the occasion and has stated that winter session was lost and the country cannot afford to lose another session. Our Government is committed to root out corruption. The Government is fully cooperating with the investigations into the 2G scam. The Government also agrees to setting up of JPC. It is pertinent to note that JPC has power to even call cabinet ministers and Prime minister too. However the decision is late and loss of 171 Crore to exchequer could have had been avoided had the decision been taken during winter session.
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Support and Resistances for the Day
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Stocks which are looking positive by virtue of its derivative data analysis are Indusind bank, Adani enterprises, Indian hotel, ACC, Bharti airtel, Titan, HDIL, NALCO, HCC,Polaris, Tata Global,Tech Mahindra and TTML.
If you like our post than do not forget to refer our stock tips India financial website to your friends and colleagues. You can find more info related to the share markets of India by searching with the following keywords on the site by using the Google tool as given on the financial blog cum website.
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Crude prices climbed to clinch a 2.5 year high at $108.7 for Brent crude in Asian trading amid growing concerns that some of Libya's crude exports of 1.0 million barrels a day could be affected as violent protests continue calling for the resignation of Libyan leader Moammar Gadhafi. Gaddafi appeared on TV and called foreign channels as 'dogs' and made the comment that he is very well in Tripoli and not anywhere else. It is time this gentleman also paves way for the democratic setup. Hope Chinese people also take a cue from these uprisings and do something similar atleast for their self esteem. S Jaipal Reddy Minister Of Petroleum & Natural Gas and we quote “I think the current situation in oil prices is not because of any gap between supply and demand. It's caused by political factors, unrest in the Middle East. I think OPEC should react to address the fears of consumers. They must raise output to moderate the rise of oil price."Meanwhile, with the Budget barely a week away, the prime minister's economic advisory council called for the withdrawal of some fiscal stimulus announced during the global economic downturn to boost tax revenues and put the economy back on track for fiscal consolidation. Auto stocks such as Bajaj Auto, Mahindra & Mahindra, Tata Motors and Hero Honda Motors fell by 0.56-3.36 percent in anticipation of a hike in excise duty in the upcoming budget. Car maker Maruti Suzuki lost 2.38 percent after launching a diesel variant of its SX4 sedan.
Prime Minister Manmohan Singh today agreed to the opposition's demand for a Joint Parliamentary Committee probe into the 2G spectrum scam. He has risen to the occasion and has stated that winter session was lost and the country cannot afford to lose another session. Our Government is committed to root out corruption. The Government is fully cooperating with the investigations into the 2G scam. The Government also agrees to setting up of JPC. It is pertinent to note that JPC has power to even call cabinet ministers and Prime minister too. However the decision is late and loss of 171 Crore to exchequer could have had been avoided had the decision been taken during winter session.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5413-5390-5330 | 5500-5560-5619 |
| Sensex | 17989-17600 | 18400-18560-18742 |
| Stock | Profit (Rs) |
| Tip | 1030 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 22560 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 37680 |
Stocks which are looking positive by virtue of its derivative data analysis are Indusind bank, Adani enterprises, Indian hotel, ACC, Bharti airtel, Titan, HDIL, NALCO, HCC,Polaris, Tata Global,Tech Mahindra and TTML.
If you like our post than do not forget to refer our stock tips India financial website to your friends and colleagues. You can find more info related to the share markets of India by searching with the following keywords on the site by using the Google tool as given on the financial blog cum website.
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