Bulls have a party time with consecutive third straight day closing in green and same was amply stated yesterday that by virtue of TCS good results we will see Nifty and Sensex closing in green. TCS (Tata Consultancy Services) reported fourth quarter earnings in line with expectations. TCS consolidated net profit for FY11 surged 30% y-o-y. The market breadth was positive with 1421 stocks advancing as compared to 1487 stocks declining. The real trend will emerge in market in a matter of few days and we will come to know whether market will be able to cross its resistance of 6000 levels which is a psychological barrier. Thus make use of the Nifty tips and make money making a daily habit in the stock market as success begets success. Analysis of derivative segment suggests that bulls will have an upper hand in the coming week as fresh longs have been seen around 5,850 and it means that Nifty may scale to the levels of 5,970 in near term or may be in coming week itself. Fiis have again started pumping money in India as they find India at reasonable valuation as current valuation of around 15.5x and 13x estimated FY12 and FY13 earnings seem quite reasonable. We are better than other emerging markets or we shall say that out of all the growth markets we are the best by virtue of higher growth and greater reliance on domestic consumption. Last but not least Gold is now knocking the doors of Rs 22000 per tola in commodity market (MCX).
Tomorrow i.e. 22 Apr is holiday being Good Friday and Good Friday is a religious holiday observed primarily by Christians commemorating the crucifixion of Jesus Christ and his death at Calvary. It is the most solemn day in the Christian calendar. The dates of Good Friday, which vary each year, occur between March 20th and April 23rd. It falls on the last Friday before Easter.
We are glad that PM has recognised the evil of corruption and has stated and we quote
"There is a growing feeling in the people that our laws, systems and procedures are not effective in dealing with corruption. We must recognize that there is little public tolerance now for the prevailing state of affairs. People expect swift and exemplary action and rightly so. It is a challenge that we must tackle boldly and we stand committed to doing so." Anna Hazare crusade will finally pave the way for Lokpal bill.
Montek Singh Ahluwalia,Deputy Chairman, Planning Commission has asked all of us to set our eyes on China where he has stated that China's 12th Plan, exports do not hold the same place and China will be vacating the lower end of value spectrum like textiles and leather. So we need to concentrate in these areas else countries like Vietnam or Turkey or Indonesia will step in to fill the void and we must focus on these areas in coming five years."
Stock Market Result Analysis
Reliance Industries fiscal fourth-quarter net profit rose 14% to its highest ever, however same were below market analysts expectations.Click Here to Get Free Stock Market Tips in Email
Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5815-5800-5,790-5767-5735 | 5900-5915-6030 |
| Sensex | 19300 | 19600 |
| Stock | Profit (Rs) |
| Tip | 1430(Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 31960 |
Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 46970 |
Strong future shares at National stock exchange
DCB, MRF, Alok Ind, STR Tech, Sintex Ind, Suzlon, Skumar, BFR Energy, JP Power & Bhushan Steel.
Weak future stocks at NSE
FC, Infosys, McDowell, Nat Alum, IRB, Recltd, Bhel, Siemens, GVKPIL & Oriental Bank.
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