BSE NSE indices are showing resilience by respecting the crucial levels and has not been able to penetrate the support or resistance at 4900 and 5100 respectively.
Safe investors can use the opportunity to book profit and be on the sidelines as holding cash is also a strategy.
Keep an eye on support and resistances as these are key which will let an individual know that time has vcome to enter in the market or exit from the market.
However as a suggestion do not short the mkt blindly as trend of market is still up and if it breaks the level of 5100 than a breather at 5250 and thereafter 5500 level. Sector vise state can be viewed pictorially for the week ending 09 Oct.
| Index | Support | Resistance |
| Sensex | 16499 | 17001-17251 |
| Nifty | 4899-4819 | 5075-5100-5161 |
| Stock | Profit |
| Sugar Stock (mythological name) | 135 (stock reversed due to poor mkt sentiments, however hovering close to entry price) |
| Petrochemical industry share | 500 |
| Mining Company | 890 |
| Company owner has great presence in China and was once asked that why he was standing in Chinese delegation row to receive Indian delegation | The tip did not reach the entry price and thus trade was not initiated. |
| 4 letter pvt bank | 1690 |
| 4 letter real estate share | 670 |
| 5 Letter watch company | 5800 |
| oil and lube company | 1090 |
| 4 letter engineering PSU giant | 490 (stock reversed due to poor mkt sentiments) |
| P*** L***d | 390 |
| S**a G** | 290 |
| PSU bank with Rahul Dravid as its brand ambassador. Cashing on its wall image. | The tip did not reach the entry price and thus trade was not initiated. |
Future and Option Tips Analysis for Readers
| Stock | Profit |
| Tip 1 | 4300 |
| Tip 2 | Tip was not to be traded as open and high were same. |
| Tip 3 | 2700 |
| Tip 4 | Tip was not to be traded as open and high were same. |
Paid Subscribers Links to make Money from Stk Mkt
Share Market News
(a) Silver prices at new peak of Rs 27,795 per kg
(b) Indiabulls Power raises Rs 316 cr from 5 anchor investors. Do not get lured by its IPO, invest only if you can get the same at 40. However Indiabulls is a shrewd player and will ensure that there will be liting gains. However fundamentally share should be available at 40 levels.
(c) Pipavav Shipyard lists at Rs 60.50 against its issue price of Rs 58 and it has closed below the issue price and we had advised you to not to invest in the said Indian IPOstock.
(d) In view of the General Assembly Elections in Maharashtra, the Government of Maharashtra has declared the day of Polling i.e Tuesday, October 13, 2009 a Public Holiday in the State under section 25 of the Negotiable Instruments Act, 1881. Accordingly, both the exchanges will also observe Tuesday, October 13, 2009 as a Holiday. A notice is also being issued to all trading members declaring Tuesday, October 13, 2009 as a trading holiday.
(e) Baltic Dry Index has made a significant recovery in last one week.
(e) Telecom stocks got de-rated courtesy tariff war. It is a small blip. Mkt has a lot of potential.
(f) Infosys hires over 6,000 people in second quarter and Infosys Q2 net profit stood at Rs 1540 crore. Infosys announced an 8 per cent wage increase for its employees in India and 2 per cent for its overseas staff effective October 1.
Commodity Tip
Jim Rogers, who aired his bullish long term views on gold recently, now sees crude oil prices to touch US$ 200 a barrel over the course of the next few years because of known reserves depletion.
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