NSE Share Market | Stock Picks | Stock Market Basics
Indian share market is in an indecisive state as we have been seeing 3 indecisive candlesticks for past 3 consecutive trading sessions and daily momentum indicators are showing weakness. However only solace is that FIIs have been net buyers through the week while the domestic institutional investors were booking profits.
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Sensex has been drooping over the last three trading sessions resulting in weakness in daily momentum indicators. Thus one can see a range bound movement in Sensex for few more trading sessions between 16,100-17,500. A real trend will emerge when the market will be able to breakout beyond the given range. However as a parting note we can say that Nifty is in uptrend till the time Nifty is able to sustain itself above the level of 4950 level.
Indices
| Support
| Resistance
|
Sensex
| 4976-4936
| 5250
|
Nifty
| 16,820-16694-16,640-16,200
| 17400-17467-17500
|
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Day Trading Tips | Results
Stock
| Profit (Rs)
|
Tip1
| Tip not initiated.
|
Tip2
| Trade not initiated as entry price not reached.
|
Tip3
| 400
|
Tip4
| 990
|
Tip5
| Trade not initiated as entry price not reached.
|
Tip6
| 120
|
Tip7
| Trade not initiated as entry price not reached.
|
Tip8
| 590
|
Tip9
| 640
|
Tip10
| Trade not initiated as entry price not reached.
|
F&O Tips Analysis
Stock
| Profit (Rs)
|
Tip1
| 3972
|
Tip2
| Trade not initiated as entry price not reached.
|
Tip3
| 6930
|
Tip4
| Trade not initiated as entry price not reached.
|
Tip5
| 7320
|
Tip6
| 2585
|
Tip7
| 7680
|
Jackpot Tips | Analysis
Stock
| Profit (Rs)
|
Tip
| Tip not initiated as day open and high were same..Subscribers subscription will be extended by a day.
|
Dubai Debt Update
- Oman sees no need for bank provisions over Dubai.
- Oman banks Dubai World exposure reaches $77 mln.
- National Bank of Oman has $23 mln Dubai exposure.
- Dubai debt crisis can be contained, manageable - World Bank.
- Saudi cbanker plays down Dubai debt impact on banks.
- Dubai crisis manageable, not to hurt India: World Bank chief.
Share Market News
Satyam bags Rs 100-cr Airbus deal
Indian IPO Update
- JSW Energy IPO may not see huge listing gains: Sharekhan.
JSW Energy gets Rs 465 cr from anchor investors.
- United Bank gets Govt nod for public issue.
Global News
- Microsoft launches new version of Bing Maps.
US Unemployment drops to 10%, job losses at lowest.
- Kuwait sells Citi stake, makes $1.1 bln.
- Rolls Royce, the Britain's super -luxury car manufacturer, has launched the ghost, its new premium saloon model. The company has planned to roll it out in the second Quarter of the next year in India.
Strong futures
Hind Zinc, Ranbaxy, Orchid Chem, Divi'S Lab, Jindal Saw, McDowell-N, Cipla, Dena Bank, Recltd & BPCL.
Weak futures
Punj Lloyd, Aban Off shore, EKC, Ivrcl Infra, Rel Infra, Balrampur Chini, Sterling Biotech, Purva, Great Offshore & Abb Ltd.
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