Good news is always welcomed in a crashing market and that is the reason market recovered on seeing the crude prices for delivery in April dropping over a percent to near $104 a barrel. Further reports that Libyan dictator Muammar Qaddafi may surrender power also provided the requisite trigger in the market. Reports suggest that UAE and Nigeria may join Saudi Arabia in increasing output to make up for a drop-off in Libyan oil. Back home hopes of a settlement to the DMK-Congress seat sharing tussle coming to end with Dravida Munnetra Kazhagam (DMK)'s decision to put on hold the resignation of its six ministers from the UPA government seemed to provide the much solace in the share market of India. The news that fertilizer subsidy would be given directly also gave a boost to the Indian markets. Cockroaches come in abundance and thus still seat sharing decision can give rise to more problems for the Congress.
Nifty Tips
Nifty is trading with a sideways bias and volatility will be the order of the day. Unless Nifty crosses the magic figure of 5566, it will keep on providing jitters to the stocks market. If one really want to make money with day trading tips than ideal is to stick to stocks which are seeing specific action as this type of action always keep on occuring in the market irrespective of the prevalent trend in the market.
Stock in News
We always love Fortis Healthcare as we see another Apollo Hospital in the stock and it is doing its bit by being aggressive in approach with approach to set up a Cardiac Centre at Deen Dayal Upadhyaya (Coronation) Hospital at Dehradun under a Public Private Partnership (PPP) with the Government of Uttarakhand. The state-of-the-art facility would be the first Comprehensive Cardiac care facility in Dehradun. This move by Fortis is in line with its strategy of penetrating into India's tier II cities to provide high levels of clinical quality and compassionate patient care. The addition of this facility takes the Fortis network to a total of 55 hospitals with over 8000 beds across the country. This is remarkable for a hospital chain of its size and if you just want to enjoy fruits of patience than this is the stock worth accumulating and sit on it to see the fruits of patience get ripened.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5450-5376 | 5565-5654 |
| Sensex | 18103 | 18592 |
| Stock | Profit (Rs) |
| Tip | 1570 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 33680 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 45650 |
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Strong future shares at National stock exchange
Tech M, Apollo Tyre, Triveni, HDIL, Bajaj Auto, Mcleodrussel, Canara Bank, BRFL, Lutra Cem & Cairn.
Weak future stocks at NSE
Patel Eng, Mphasis, Punjlloyd, Skumars, BGR Energy, Aurobindo Ph, GT Offshore, Rcom, Bajaj Hind & Renuka.
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