No doubt the holiday mood is set in the market and probably that is the reason we are seeing an absolute flat day for the markets with no significant gain or loss for both the benchmark indices. Nifty is showing a fine balance and probably the adjacent image more than sums up the state of Nifty. Today Healthcare, IT and FMCG saw some buying while auto, banking and capital goods were under selling pressure. BSE Oil & Gas and PSU indices lost 0.7% and 0.5% respectively, becoming top losers among the sectoral indices.Thus one has to be contend with limited move in the market however story is different for our intraday tips who are making huge money every day irrespective of the sideways movement in the market. One will see a sharp move in Nifty once it is able to cross above 6100 level and a downside will be seen when Nifty closes below 5830 level. BSE advance-decline ratio stood at 1.03:1. Next two days till expiry we are going to see a good movement in market on positive side provided level of 5930 is held.
On the IPO front we will see Punjab & Sind Bank IPO shares listing on on Thursday, December 30, 2010. It is worthwhile to note that issue price of this IPO has been fixed at Rs 120/- per share (Rs. 114/- for retail & employee). IPO was oversubscribed by 50.75 times (44.45 times in retail). BSE Scrip Code for this issue has been assigned as 533295 and is being listed in 'B' Group of Securities with ISIN code as INE608A01012 .
On the financial hub side Finance minister has approved Pratip Chaudhuri as next SBI chairman. Satyam may have to face some pressure as I-T dept has directed Satyam to audit accounts for '03, '08
Derivative Segment future Prediction: Analysis of derivative segment data suggests that 5.75 lakh shares got added in open interest with a significant increase in the cost of carry, indicating long accumulation at lower levels. On the options front implied volatility remained almost flat inspite of high intraday whipsaws, indicating that the market will remain uncertain and very volatile ahead of the expiry of the December month futures and options series.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5950-5922 | 6090-6125 |
| Sensex | 19900-19764 | 20217 |
| Stock | Profit (Rs) |
| Tip | 1980 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 45450 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 58760 |
Hexaware, Core Protect, Praj Ind, Ispat Ind, Moser Bear, BalramPur Chini, Wipro, Polaris, Renuka & Sun Pharma.
Weak future stocks at NSE
Ibrealest, Recltd, Welcorp, Ashok Ley, UCO Bank, India Info, Pantaloon R, Orbit Corp, Patel Eng & Dena Bank.
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