Share tips info | Free daily tips | India share trading tips : 17 Feb 11

Indian stock market for the time being is in a consolidation phase and same was stated loud and clear yesterday. Now fresh move will only commence once the nifty breaks past the level of 5560. Nifty is as of now trading with a positive bias and thus one should avoid going short blindly. The market breadth was positive with advances at 797 against declines of 497 on the NSE. Metal and realty were the top performing sectors while auto and healthcare lagged behind. One need not worry for the growth story of India as it is intact and in any crash we are not going to see more than15-20% which amounts to 950-975 pts fall and this point is also echoed by JP Morgan for all emerging economies namely Brazil, India, Indonesia and Turkey.

 

Now it has become clear that India's two biggest stock exchanges of India namely Bombay stock exchange and National stock Exchange of India has little hope of entering any significant merger deals with Brazil's BM&FBovespa or other market operators because of regulatory hurdles. Well, can an idea be mooted to join these two exchanges into one exchange and make it a force multiplier while it being equated against global exchanges.

 

Now it is the time to see the magic as after exiting the board of low-cost airline SpiceJet last year, Ajay Singh has initiated the process of investing in another carrier — the beleaguered MDLR Airlines — hoping to breathe new life into it. Let us see if he can revive this sick carrier which has defaulted on its payments. He is likely to pick up close to 23% stake in MDLR.  The carrier was founded by Gopal Goyal Kanda, a politician from Haryana, and is wholly owned by Murli Dhar Lakh Ram (MDLR) Group. The going will be tough for him as he will have to get brand new aircraft, set up new engineering and maintenance facility and start all over again. One can say that it will be like setting up a new airline, except for applying for the airline operating permit, Time will speak for itself and the charisma of the individual.

 

It is a remarkable decision where the International Cricket Council has banned 'tweeting' during World Cup games to ensure illegal bookmakers do not use the views of players and team staff on Twitter as betting guides. However it needs to be seen if it can contain the same as pseudonyms may be used to send the message. It is easy to pass an order but very difficult to ensure the same. The all eye balls in the Asian continent from 19 Feb to 02 April are likely to be glued to the television sets and these all business channels like CNBC and NDTV profit needs to do something different to keep the viewer interest intact. 

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Support and Resistances for the Day

Indices	Support	Resistance
Nifty	5375	5490-5560
Sensex	18000	18318-18560

Jackpot Tip Profit

Stock	Profit (Rs)
Tip	1670 (Rs 50,000 Trading)

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Share	Gains (Rs)
Tips	35350

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NSE Nifty 50 Stocks	Made Money (Rs)
Tipz	48760

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Strong future shares at National stock exchange

Welcorp, Fortis, LIC Housing, Financial Technologies, Mcleod Russel, Polaris, TV 18, Opto Circuit, Union Bank & Tata Motors.

Weak future stocks  at NSE

Patel Eng, Unitech, LITL, BEML, Punjlloyd, Rcom, Moser Baer, DCHL, Orbit Corp & Escorts.

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