World's leading central banks announced a big coordinated intervention to lower swap rates. In other words, the move will make banks all around the world to borrow dollars without many hurdles. This was the reason that Nifty crossed the psychological barrier of 5000 mark. To put it in simple words now world's six major central banks have moved to come together to tame liquidity crunch for European banks by providing cheaper dollar funding. At the home front FIIS have also got into the buying spree with a voluminous buying coming in last week through Fiis which means that once again they are becoming bullish on Indian market.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5000-4930-4900-4850 | 5111-5150-5181-5330 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 2570 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 35970 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 59680 |
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Strong future shares at National stock exchange
Patni, PFC, MRF, Pantaloon, Apollo Tyre, OnMobile, Tata Motors, TCS, RECLTD & Hindalco.
Weak future stocks at NSE
Renuka, HDIL, Suzlon, Welcorp, Moser Baer, KS Oils, Delta Corp, FSL, BRFL & Jindal SWHL.
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Data to Watch Globally and at Home Front
Last but not least the data which needs to be watched globally in the coming week are ECB Interest rate decision, US initial jobless claims, MBA mortgage applications, Factory orders, and Wholesale inventories and on the home front one needs to watch the weekly inflation which provides cue to people’s purchasing power.
