One has to be now cautious as one can see the selling emerge in the mkt again at a psychological barrier of 5100 and thus be ready for the profit booking at this level. However if this level is sustained than one is likely to see the Nifty touching levels of 5150-5250. One has to also keep watch on the days low of Nifty as seen on 16 Nov and any break means bears will have an upper hand control.
We have seen a positive trend in the market today courtesy strong global sentiments and positive weekend numbers on industrial output and cues from the government on its divestment plans. Moroever the statement by the government asking all ministries to compile a list of state-run firms for sale of stake and listing on stock exchanges, even as it expected partial divestment in at least three such firms by the end of this fiscal.
The point to note is that disinvestment secretary Sunil Mitra said as per data available for 2007-08, there were 10 listed state-run firms with less than 10 percent public holding, while 50 others met the criteria for divestment in terms of profits and net worth.
Support & resistance for the indices worth keeping an eye to be on your toes and remember do not blindly short.
| Index | Support | Resistance |
| Sensex | 16900-16700-16299-15999 | 17400-17467-17500 |
| Nifty | 4991 | 5175 |
Intraday trading Tips | Results
| Stock | Profit (Rs) |
| Tip 1 | 890 |
| Tip2 | 6690 |
| Tip3 | 590 |
| Tip4 | 3000 |
| Tip5 | 2850 |
| Tip6 | 7090 |
| Tip7 | 1880 |
| Tip9 | 770 |
| Tip8 (small cap) | 120 |
| Tip9 | 210 |
| Tip10 | 250 |
Future and Option Tips | Result Analysis
| Stock | Profit (Rs) |
| Tip1 | 2002 |
| Tip2 | 13380 |
| Tip3 | 49500 |
| Tip4 | 5016 |
| Tip5 | 15952 |
| Tip6 | 1770 |
| Tip7 | 6562 |
| Tip8 | 6000 |
Jackpot Tip Result
| Stock | Profit (Rs) One Lakh Trading |
| Tip | 1890 (stock went beyond target 1 and remained a few paisa short of target 2 and thus this jackpot tip becomes a free tip for our subscribers. A reason to rejoice for our subscribers as they need not pay for this tip. |
Govt Policy Update
- Cess on fuel to stay for 20 yrs, NHAI assured.
- India's GDP may exceed 6 % in current fiscal: CII.
- RBI survey of analysts sees FY10 GDP at 6 pct.
- RBI deputy: bad loan provisioning rules soon.
Auto update
Mahindra target to sell 1lakh used cars by 2014
Telecom Update
BSNL may submit financial bid for Zambia Telecom
Vodafone seeks extension for tax claim reply
Global News
Rupert Murdoch to Use Robot.txt to Block Google
GM posts loss, to repay U.S., Canadian debt early
Obama says Washington not trying to contain China
Banking News
ICICI Bank eyes raising $700 mln in bonds – sources
Insurance Sector Analysis
HDFC Standard Life aims to break even by FY12 - official
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