If Nifty is able to sustain itself above the levels of 5959, one may see Nifty conquering 6090 levels, however each rise one has to adopt a cautious approach and trade as per the given support and resistances. No blind shorting as market has the habit of moving in the direction which will cause maximum pain to the majority of the traders. Auto, FMCG, IT and Pharma sectors are likely to see positive movement in coming week.
Good times in the home loan sector are gone with HDFC bank and ICICI bank doing away with the teaser loans and one may have to now go for home loans at higher rate of interest say at 10% with HDFC. This is post direction by RBI where it has asked banks to do away with teaser loans. Under the teaser rates home loan scheme, banks lend at lower rates in the first few years, which are subsequently raised. However before it gets late one can latch on with the public sector banks and make merry while the sun shines in this segment. However SBI boss on Thursday said teaser rate home loans are the “best product and the most sought-after” in the market today which means that teaser rates may stay for some more time with public sector banks. ICICI Bank has also raised deposit and lending rates by up to 50 basis points from December 6.
On the stock front Honda and Hero are going to part after 26 years and one can short this stock as and when it breaks 179 level. Honda will continue to provide technological assistance to Hero Honda till year 2014. If you want to make daily making money a habit, than one can check out stock trading tips
which will help you to even make money during turbulent market or even during market crashes as we make money both by going long and short in the market.
Bharat Sanchar Nigam 's 3G service is now available on Apple company's iPod in Rajasthan circle for Rs 999 for unlimited usage and rate is applicable wef from 01 Dec 2010. BSNL is a sleeping giant and the day it wakes up, it will cause a number of sleepless nights for all these private sector companies. Giant pSU please wake up and get us rid of stigma of 2G scam.
Analysis of derivative segment data suggests that 0.78 lakh shares got reduced in open interest with a significant increase in the cost of carry, indicating short covering. On the options front, implied volatility decreased marginally, indicating a positive bias for the market and that 5950-5900 remains a strong bet going forward. BSE advance-decline ratio stood at 1:3.1
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5960 | 6020-6091 |
Sensex | 19900 | 20032-20050-20295 |
Stock | Profit (Rs) |
Tip | 1330 (Rs 50,000 Trading) |
Share | Gains (Rs) |
Tips | 33560 |
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 44765 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Dish TV, Tata Motors, Cipla, Dr Reddy, HCL Tech, TCS, Bharat Forg, Aurobindo Pharma, Lupin & Bharti Airtel
Weak future stocks at Bombay Stock Exchange
KS Oils, India Info, HCC, LIC Housing, Rel Infra, EKC, DCHL, JP Associat, SCI & FSL.
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One has to be careful of the cyber designs of China as wikileaks has confirmed that China top officials had directed an orchestrated attack on Google in order to force it to abide by its censorship regime.
Pakistan hackers has hacked CBI website recently and cyber warfare is going to be the fifth dimension of the warfare in times to come. As a nation we must dwell on this aspect and prepare our own ethical hacker army as every thing is justifiable when the interest of the nation comes in the forefront.