Indian stock market is going to see an action packed week as rumour mongering is going to take place by floating information related to likely result of verdict being given by Supreme court in RIL-RNRL case. Thus Reliance is a stock which is going to make or mar the party and 70% chances appear that verdict is going to be in favour of RNRL and thus Reliance as a stock may drag the market in the down ward direction. Going by the nature of Anil Ambani who is more aggressive that Mukesh Ambani, chances are favourable for RNRL winning and thus high risk takers can be better off hoarding the RNRL stock. Already our paid subscribers have already built position in the stock and are protecting their profit with stop loss and will exit at first signs of reversal and thus their profit is protected by virtue of our
Jackpot Calls which are sure shot 100% hitting target calls. Globally indicators are down and global front ’eurozone’ debt problem is going to affect global markets if not bailed out by European Union or IMF.
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However one need not worry for our market as Elliot wave expert Mark Galasiewski has made a bold statement that Nifty will touch 6000 mark before a retracement occurs. Analysis of derivative data suggests that cost of carry is decreasing and it means that fresh short positions are building up at higher levels and on the option front, implied volatility has cooled off marginally, and it means that buying will emerge at lower levels. Thus Nifty 5200 is a solid support which can be used to short Nifty. Nifty is likely to trade with in a range of 5200-5400.
Indices | Support | Resistance |
Nifty | 5249-5149 | 5451 |
Sensex | 17400-17170 | 17580-17675-18112 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 1765 (Rs 50,000 Trading). Main Call was not activated and instead additional provided call proved its mettle and subscribers made money. |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 28540 |
Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 39630 |
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Cheers ! Finance Bill is Passed
Lok Sabha has passed the Finance Bill 2010 and some minor changes in tax proposals have been made and FM has pledged to cut the fiscal deficit by increasing spending on infrastructure.
Global Financial Newsletter
- IMF to approve Greece aid this week - IMF chief.
- Aid package for Greece worth 110 bln euros – document.
- Buffett worried on inflation, Greek 'high drama'.
- RBI cautions NBFCs on transaction in Iran, Pakistan, North Korea.
- Forex kitty shrinks $600mn on Greek woes.
- Reliance KG-D6 gas has saved 32% in fertiliser subsidy: Govt.
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Indian strong future
Indian Bank, DCB, Andhra Bank, Uniphos, UCO Bank, LITL, Pir Health, Nagarjuna Const, RNRL & Cummins India.
Weak futures in India
Renuka, Balrampur Chini, Sun Pharma, Triveni, Tech Mahindra, Bajaj Hind, Idea, BEL, HDIL & Maruti.
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