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The key result is tomorrow in form of IT bell weather stock result i.e. Infosys which will be watched with bated breath as for the short term the direction of BSE and NSE will be determined by this result. The complete Infosys boardroom will be appearing at CNBC TV 18 at 10:30 AM and all those interested can listen to their future guidelines. Short term trend is up till the time the level of Nifty 5289 is maintained. Profit booking will be seen at every higher level. The investors are cautious ahead of the announcement of key policy rates, to be made by RBI on 20th April 2010. Today Indian market suffered or gained on back of Index of Industrial Production for February, as against expectation of 16.5%, came in at 15.1% versus 16.7% in the previous month. The February industrial productivity numbers suggest economic growth has stabilised, said C Rangarajan, Chairman, Prime Minister\'s Economic Advisory Council. SEBI order against 14 insurance companies regarding ULIPs also weighed on the sentiment. One has to exercise caution as the high correlation with Wall Street is still a very strong factor and the S&P 500 is currently overbought from a technical point of view. However one must exit all longs in Nifty if it breaks the level of 5289 level and this advice has to be struck in letter and spirit for the futures and options traders. Do undertake trading in suggested
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Indices | Support | Resistance |
Nifty | 5289 | 5451 |
Sensex | 17680 | 18112 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 1875 (Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 19540 |
Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 35630 |
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Financial News impacting share market world
Germany kicks off biggest mobile spectrum auction.
French banks among worst hit by capital uncertainty.
China banks on rail boom to fire inland growth.
Mukherjee says SEBI, IRDA to maintain ULIP current status. Finance Ministry considers ULIPs 'broadly' similar to MFs! Govt asks industries to invest in rural areas.FDI may be possible in multi-brand retail
Markets salute euro zone deal on Greece, for now.
Dot reduces call charges of satellite phones for para military forces in border areas.
the Ministry of Communications and Information Technology has decided to reduce the call charges from Rs. 5 per minute to Rs. 1 per minute for Satellite Phones for them.
Six rounds of the 3G auction have been completed today.
Free Derivative Market Tip
Strong future
Sintex, India Cement, TV-18, Ansal Infra, Nagarjuna Const, Andhra Bank, Orient Bank, Voltas Ltd, Pir Health & Purva.
Weak futures
Renuka, BEL, Hind Petro, Tech Mahindra, BPCL, Bajaj Hind, HCL Tech, Hind Uni Lvr, Maruti & Dr Reddy.
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