Technically it appears that Nifty and Sensex is out of consolidation and one will see a fresh breakout occurring as and when market breaks the level of 5560. This is the reason we have always advised our clients to avoid blindly short the market as market moves in a direction which will cause maximum pain to the traders and investors. On the macro-economic front, India's annual food inflation eased for the second straight week to a nine-week low of 11.05 percent for the week ended February 5, as pulses, wheat and potato prices declined, government data released today showed. The WPI inflation has fallen by 600 basis points during the preceding two weeks. It is a good sign and food inflation will be under single digit in quite some time. The market breadth was positive with advances at 845 against declines of 450 on the NSE. To avoid any uncertainty in market one can trade daily in one hot share and relax for the better part of the day basking in the glory of the profit earned. Minimum effort also at times produces maximum profit as law of profit says that your 80% of profit comes from 20% of trades and 20% profit comes from 80% trades. All those looking to save income tax can save additional tax on Rs 20000 by going in for L&T infrastructure bonds which are closing on 07 Mar 2011. Yield on maturity is 8.2% per annum.India has scrapped a pact between its space agency's commercial arm and a private-sector firm after allegations the contract could have caused the government losses worth billions of dollars by giving scarce radio bandwidth to the company for free. News that the government has scrapped the controversial S-Band spectrum deal between ISRO's commercial arm Antrix and private firm Devas Multimedia and expectations from the upcoming Union Budget also helped bolster investor sentiment to some extent.
Mahindra Satyam, formerly known as Satyam Computer Services, has stated that it has agreed to pay $125 million to settle a putative class action suit filed against the company in a United States District Court. Thus all those with a long term perspective can add this stock to their portfolio as it will get a price of 200 in a matter of 3-5 years. More than trebling of your investment and it can happen earlier also. This news has given a thumbs up to the share price of the stock.
Another stock which can be kept under scanner is GVK Power and Infrastructure, which has been scouting for coal mines for the past two years to fuel its power plants, is in advanced talks to buy a coal mine owned by Australia's Hancock Prospecting. This stock is presently available at a reasonable discount and one an hold this stock to get a good appreciation. fair target for the stock is 53 and it is available around 26 levels. So all those who feel that they have missed stock market bs can use the opportunity to enter in the stock.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5500 | 5560-5619 |
| Sensex | 18400 | 18560-18742 |
| Stock | Profit (Rs) |
| Tip | 1870 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 38670 |
Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 46890 |
Strong future shares at National stock exchange
Welcorp, LIC Housing, Finan Tech, Mcleodruss, Polaris, BRFL, Andhra Bank, Sobha, Opto Circuit & Fortis.
Weak future stocks at NSE
Unitech, Patel Eng, LITL, BEML, Rcom, Punjlloyd, DCHL, Moser Baer, Sun TV & Orbit Corp.
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Exporters have a reason to cheer as now they can avail sops worth an estimated Rs 500 croreunder the Market Linked Focus Product Scheme (MLFPS) and Focus Product Scheme (FPS). The Directorate General of Foreign Trade (DGFT) has issued a notification in this regard, stating that exporters can avail the benefits on their shipments with effect from January 1, 2011. Agri-products, chemicals, engineering, electronics, plastics and textiles are going to get benefitted with the new system.Despite all odds and corruption that media and judiciary have done a credible deal where by a telecom minister has been sent to Tihar Jail. Will Raja be happy, may be ‘Yes’ as the security of Tihar jail is manned by Tamilnadu Police. India's home ministry is in talks with telecom service providers to procure access to corporate emails sent and received through Research In Motion's BlackBerry smart phones. This is very important considering nation security and thus RIM has to provide complete access or be out of the nation as nation interest always come first and every time.
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