Global political scenario is taking its toll on the Indian stock market and to lead the pack of the cards is Libya where unabated tension and fear of an impending civil war is taking crude to its highest level since 2008. The largest oil-producing African nation is threatening to cut off oil supply to a significant degree and it is leading to a spike in commodity prices and inflation. USA is very smart and it is conserving its oil resources and that is the reason it is now contemplating tapping its own oil reserves in the face of scorching crude prices. By virtue of on going global tensions Nifty has a stiff resistance at the level of 5655 and the task for Nifty to move up will be made easier by crude provided it is able to move below $100 per barrel. Take benefit from the volatility as it is going to be order of the day by virtue of world order and share tips is the ideal medium to make daily money in the stock market.Global Deal:In a global deal Western Digital is going to buy Hitachi HDD ops for $4.3 bln.
Political Situation and its Effect on Indian Market
Back home political crisis in form of DMK loomed large, however it does not hold any significance as it is unlikely that a scenario exists where vacuum in power will occur and we are not going to face the risk of getting into loss of government. Positive forces and realignments, will work and we will have stable govt which is going to last its full term. We are glad to note that India is not as corrupt as China and Russia and same comes by virtue of Fitch (a global credit rating agency) and same needs to be believed. Probably this is the reason that Warren Buffet is coming to India to meet Mr Hari Narayan Chief of IRDA as he is looking for insurance sector as an investment option and that is the reason it has tied up Bajaj Allianz to act as an agent for online sale of the latter's insurance products. Another good news for the market is that as per meteorological deptt of India, we are going to see a normal monsoon in ensuing year.
Disinvestment
The coming financial year is going to see a massive stake sale in PSU’s as like current financial year govt is not going to get massive windfalls gains like the 3G auctions. One may see disinvestment even to the tune of Rs 400 bn in FY12. This is the only way to rein the fiscal deficit as crude will be out of control in FY12 if the middle East tensions continued in the same manner.Chinese Economy
As a nation we have to keep a close tab on China and it has been able to clock an average 11.2% growth in the last five years. It needs to be monitored if China can accomplish the same feat in next 5 years. The economic growth as shown by China may be fudged as consumption of energy data over past 5 years may not support the economic growth being projected.Click Here to Get Free Stock Market Tips in Email
Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5450-5376 | 5540-5654 |
| Sensex | 18103-17954 | 18500 |
| Stock | Profit (Rs) |
| Tip | 1340 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 28670 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 43860 |
Strong future shares at National stock exchange
Triveni, Nat Alum, Cairn, ITC, Apollo Tyre, Indus Ind Bk, Zeel, Bajaj Auto, HDIL & ABB.
Weak future stocks at NSE
Patel Eng, Mphasis, Punjlloyd, Aurobindo Ph, Skumars, BGR Energy, LITL, GT Offshore, Bajaj Hind & Rcom.
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Effect of Movies in Lifestyle of an IndianIt appears people have been motivated by Guzarish movie where Hrithik Roshan has asked for mercy killing or so called Euthansia and now finally in a path-breaking judgment, the Supreme Court today allowed "passive euthanasia" of withdrawing life support to patients in permanently vegetative state (PVS) but rejected outright active euthanasia of ending life through administration of lethal substances. This is fair enough as none has the right to terminate such a wonderful gift of God.
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