RBI Update
It would be very important to look at RBI’s measures on Tuesday, given that China has already hinted at reversing its tightening regime as inflation is expected to cool off. The banking regulator may also provide a similar signal and abstain from increasing interest rates after another 25 bps hike. Any further rate hike may not serve any purpose, given that banks have been tight in terms of liquidity and corporate borrowers have been very selective in availing money at higher costs. We expect the RBI to pause tightening at the end of this quarter/start of next quarter.
Results to Watch Tomorrow
BHEL, Maruti Suzuki, Great Offshore and Asian Paints are going to come out with the results and can be on the watch list for positive moves in the market.
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Telecom Companies State of Affairs
The telecom companies had a field day as they raised their tariffs from 50 paise per minute (ppm) to 60 ppm for local and STD mobile to mobile calls and from 60 ppm to 90 ppm for calls to landlines for new pre-paid subscribers. Tariffs were also raised by a similar quantum in per second billing plans to 1.2 paisa while the free airtime offered earlier was removed. These changes were announced for six circles, including Delhi, Rajasthan, Gujarat, Andhra Pradesh, Kerala and Madhya Pradesh. They would be effective for existing subscribers post validity of their current vouchers.
Best Stock Among Telecom Companies Available at Reasonable Price
The telecom companies have touched new heights today and if RCOM is held for say a period of more than 9 months we may see a phenomenal price provided present ongoing problem of Anil Ambani of recasting his debt is resolved as he is desperately trying to sell his tower business and is not finding any takers which sooner or later will come at a discounted price. We hope to see this crisis being resolved over a period of 9 months and RCom can be a multibagger. A rate hike to improve the quality of services is justified and is going to hold good in the long term and in this league of raising prices, we may see hike by other operators.
Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5650-5625 | 5700-5715-5733-5775 |
| Sensex | 18750 | 19050 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 2330 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 43740 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 67680 |
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Strong future shares at National stock exchange
IDEA, Praj Ind, Petronet, RCOM, Dish TV, SRE Infra, Tata Comm, CESC, Hotel Leela & Bharti Airtel.
Weak future stocks at NSE
LITL, GTL Infra, Orchid Chem, Exide Ind, KS Oils, Rolta, Educomp, Patni, Havells & Zeel.
Global Market Update
US debt worries is continously plaguing the investor sentiments in the US as she has failed over the weekend to agree to raise the nation's debt ceiling ahead of a deadline on August 2, 2011, giving rise to fears of a sovereign default. The global financial crisis, which was rooted in poor regulation of the US housing and banking sectors, already tarnished perceptions of the United States overseas. However one need not worry as US is not going to default as they will go all out of their way to save the economy because if US fails than it will have a cascading effect and thus it is a remote possibility.
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