India's annual food inflation rose by 12.13% for the second week of this month, up from 9.46% in the previous week and it suggest that Reserve Bank of India may take sterner measures and tighten policy rates. This was the third consecutive weekly rise in food inflation after seven consecutive weeks of easing. Now we will have to factor the rise in inflation which will be caused by oil price rise globally. Coming days market is going to trade sideways with a negative bias. One can go for a straddle in derivative market as market is likely to show wild swing in either of direction whcih can be either up or down. Do not forget to enjoy your exchange holiday which falls on saturday, may be a relief for employees of stock market. Exchanges should mandatorily close the offices on public holiday as brokers have a habit to call their employees on saturday for settlement.
We all have seen that onion prices had once led to fall of a govt in India and thus a wise decision of allowing dutry free imports and it has led to drop of 22% price. Now it is the turn of tomato where prices are sky rocketing. Why, we are exporting to Pakistan when our own house is not in order. Jago grahak movement needs to bring this fact in forefront. Last but not least ex Telecom minister Raja is going to appear before CBI for questioning on Dec 24 Stock which can get you fortune is Bharti Airtel as it is expanding and it has tapped Chinese market with the launch of direct India-China terrestrial link. One can hold this stock for medium term tgt of 375.
Banks have advised the Reserve Bank of India against allowing industrial houses to enter the banking space, even as industry associations, NBFCs and MFIs have been in favour of corporates into banking. "Banks were not in favour of the proposal due to the unsavoury past experience in India and abroad and that large capital buffer that would be available to the banks sponsored by industrial/business houses would create an uneven playing field with the existing banks," RBI said in a statement. However we feel that it is against the spirit of business as it will put existing banks on its toes. It is same way like Reliance capital entered broking business and changed the way brokerage is charged. Banks have been charging customers phenomenal charges without providing them the facilities. Thus we whole heartedly want more corporates to enter in banking sector as competition is the only mantra to get best service from private and public sector banks.
Derivative Segment future Prediction Analysis of derivative segment data suggests that 0.68 lakh shares got added in open interest with a significant increase in the cost of carry indicating long accumulation is continuing at lower levels. On the options front, implied volatility decreased marginally indicating a positive bias for the market.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5950-5908 | 6050-6125 |
| Sensex | 19900 | 20217 |
| Stock | Profit (Rs) |
| Tip | Buy call not initiated as it opened gap up. |
Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 30450 |
Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 45685 |
Ispat Ind, Core Protect, Polaris, Asian Paints, Hexaware, Renuka, Wipro, FSL, HCL Tech & Infosys Tech.
Weak future stocks at NSE
Ibrealest, Welcorp, Orbit Corp, Ashok Leyland, LIC Housing, SCI, Rel Infra, Escorts, Recltv & KFA.
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