Market is weak as per the charts; however we can see some pressure at psychological level of the market. where some recovery may be seen. If nifty sustains above 6000 mark, we may see some relief in market. Today rally was primarily led by banking, consumer durables, IT and tech stocks.
Airtel has launched a new logo and we have seen that whenever any company has changed its logo it has always given decent returns and to prove this point we can remember BPL change in logo and getting Big B for advt proved very effective. Similarly in recent years Bank of Baroda and Videocon have gone for logo change and their stock price has also sky rocketed. Do remember to check out our trading tips which traders and investors are using it successfully to make daily money in market.
The dirty linen of politics and business houses has come in the public and has proved the point that politics and businesses go hand in hand and that is the reason that leaked corporate tapes in Reliance corporate battle proves the point that a prominent industrialist was trying to secure a favourable verdict in the Supreme Court, however authenticity of these tapes needs to be seen. Anil Ambani was targetted to ensure a favourable judgement.
It is a cheer time as mobile number portability (MNP) is going to become a reality as this service is going to be launched in Rohtak district of Haryana on coming Thursday i.e. 25 Nov. To make it simple mobile number portability (MNP) allows subscribers to change their mobile operators while retaining their old number and customers will have to send an SMS to 1900. They will then get a unique porting code, which is to be filled in an application form of the new service provider.The transfer of a mobile number to a new network will be done within four days.
Analysis of derivative segment data suggests that 2.45 lakh shares were added in open interest with a significant increase in the cost of carry, indicating long accumulation at lower levels. On the options front, the implied volatility increased by 150-200 basis points, indicating that the market will remain volatile ahead of the expiry of the November series futures and options contracts.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5842 | 5960-6000 |
Sensex | 19464 | 19852 |
Stock | Profit (Rs) |
Tip | 1365 (Rs 50,000 Trading) |
Share | Gains (Rs) |
Tips | 32460 |
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 45675 |
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S Kumars, UCO Bank, Educomp, Dish TV, Lupin, Alok Ind, Hero Honda, Canara Bank, Dr Reddy & GE Shipping
Weak future stocks at Bombay Stock Exchange
Unitech, Videocon Ind, OnMobile, Orbit Corp, Rcom, Jindal SWHL, Apollo Tyre, FSL, Rel Capital & Ispat Industries.
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