We are really amazed at the way level of corruption is rising in India with it peaking with Raja who has led to gross loss of 1.76 Crore rupee to the nation. We probably even do not know the number of zeros in the swindled amount. We fail to understand that how Kapil Sibal is saying that it is less than 1 Lakh Crore and not as being publicised. Mr Sibal, is the amount referred by you is acceptable by your standards of the corruption. At least we have a person who can come in Guinness book of world record for highest amount of swindling of money. Probably the adjacent cartoon speaks for itself and can be classified as the best cartoon of the century.As we have seen that positive economic data from US has been negated by civil unrest in Egypt as traders resorted to risk aversion and of course crude will be touching the record heights till this problem is resolved. India should have its originality and we must voice our concern and this can happen when we start comparing ourselves with China and stop ourselves comparing with Pakistan or prepare for a proxy war with it. Aim for moon and we will at least fall on a higher platform and Pakistan will be much below that platform. Thus we need to grow our vision and give it a spectacles of global vision.
Foreign funds have been net sellers in 4 out of last 5 trading sessions, while domestic funds are net buyers. Nifty has crucial support in the range of 5370-5330 for the week breaching below which the index can test 5150 levels and to avoid any tension just straightaway go for intraday tips and make money like equity professionals everyday. Nifty 5550 holds the key to magic as market moving above that levels means that it encounters resistance at 5630 levels. Market is looking weak however a technical bounce back is not ruled out.
Derivative Segment future Prediction: Analysis of derivative data suggests that Nifty 5200-5300 will act as a strong support and Nifty level of 5500-5600 will act as a strong resistance. Market is building considerable short position in HCL Tech, ICICI bank, Vijaya Bank. It appears Vijaya bank is heading for 80 levels as it has broken key levels of support. Keep watch and mint money with us.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5360-5260 | 5555 |
| Sensex | 17926-17619 | 18501 |
| Stock | Profit (Rs) |
| Tip | 1570 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 33970 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 49640 |
Polaris, Nat Alum, BRFL, Siemens, Divis Lab, TV 18, Union Bank, Jindal Saw, Fortis & Hindalco.
Weak future stocks at NSE
IVRCL Infra, Unitech, Escorts, KFA, Sobha, Jindal SWHL, Voltas, SRE Infra, Bajaj Hind & TVS Motor.
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