Friday's unemployment data had an immediate mixed influence on the major indices and on the currency pairs and thus led to high volatility, however no immediate direction was provided. Investors quickly brushed the data aside and then sent the indices and forex mkt higher i.e. it led to positive trading in European markets and higher US futures prices. Thus Indian indices too gained and BSE Sensex ended at 15,689, up 291 points or 1.89% and the S&P CNX Nifty rose 87 points or 1.89% to close at 4,680. Nifty has resistance at 4741-4801-5000-5150 and support at 4621-4549. Sensex support exists at 15355-15319-15149 and resistance exists at 15885-16051.
Profit Analysis for The Tips
Gail gave a profit of Rs 390, Reliance capital gains for the day were Rs 370, Reliance comn gains were Rs 330, Suzlon gains were Rs 140 for every 100 shares traded as per the given tip. Balance of the stocks recommended did not reach near the entry price and thus those trades were not entered by the subscribers.
Indian IPO Update
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