Sure Shot Nifty Tips

Indiabulls Financial Services spurted 10.61% to Rs 253.40. The stock topped the gainers in the BSE's 'A' group.
Wind turbine maker Suzlon Energy jumped 8.80% to Rs 18.55, extending Tuesday's 10% jump triggered by reports that the company was admitted to corporate debt restructuring process. The stock was second biggest gainer in 'A' group.
Shares of Suzlon Energy jumped 10% to Rs 17.05 on Tuesday, 27 November 2012, after media reports that day suggested that the company's rupee debt, which was due in five and six years, will be restructured with a two-year moratorium on interest and principal repayment, after which the loans will be repaid over eight years at a lower rate.
Meanwhile, Suzlon Energy announced on Wednesday, 28 November 2012, that its portfolio of projects around the world crossed the 20 gigawatt milestone. The stock market was closed on Wednesday, 28 November 2012, for a public holiday.
Real estate developer Unitech climbed 8.66% to Rs 32. The stock was third biggest gainer in 'A' group.
Healthcare equipment maker Opto Circuits (India) rose 6.72% to Rs 104.85 on bargain hunting after the stock slumped 22.52% in the preceding 13 sessions to Rs 98.25 on 27 November 2012 from a recent high of Rs 126.80 on 7 November 2012. The stock was fourth biggest gainer in 'A' group. The stock hit a 52-week low of Rs 97.25 in intraday today, 29 November 2012.
Meanwhile, Opto Circuits (India) announced during trading hours today, 29 November 2012, that it secured BBB+ (pronounced 'BWR Triple B Plus') rating from Brickwork Ratings India for its fund based working capital facilities. The rating indicates a stable outlook.
IRB Infrastructure Developers rose 6.30% to Rs 134.10. The stock was fifth biggest gainer in 'A' group.

Sure Shot Nifty Tips

Sure Shot Nifty Tips

The markets staged a dramatic recovery in late noon deals backed by aggressive buying at lower levels. The Sensex, which, had slipped to a low of 18,402, recovered almost all its losses and finally settled with a marginal loss of 11 points at 18,506.

The NSE Nifty too which had slipped below the 5,600-level in intra-day deals managed to recover smartly and end at 5,627 - down one point.

Among sectors, the BSE PSU index slipped nearly 0.8 per cent to 7,004. The Realty index was the other prominent loser - down 0.6 per cent at 1,869.

The market breadth was negative - out of 2,955 stocks traded on the BSE, 1,504 declined and 1,309 advanced today.

INDEX MOVERS & SHAKERS

BHEL moved up 1.6 per cent to Rs 225. Sun Pharma advanced 1.3 per cent to Rs 707.

Hindustan Unilever and Hero MotoCorp gained a per cent each at Rs 530 and Rs 1,821, respectively.

Reliance Industries, Tata Motors, Coal India and TCS were the other prominent gainers.

On the other hand, NTPC plunged 2.5 per cent to Rs 160. Gail India shed 2 per cent at Rs 340.

Cipla and Wipro declined around 1.5 per cent each at Rs 381 and Rs 365, respectively.

ITC, Sterlite, Bharti Airtel and ICICI Bank were the other notable losers.

VALUE & VOLUME TOPPERS

Jet Airways topped the value chart with a turnover of Rs 179.36 crore on the BSE. It was followed by United Spirits (Rs 126.93 crore), SpiceJet (Rs 93.16 crore), SBI (Rs 65.30 crore) and Hindustan Copper (Rs 57.64 crore).

SpiceJet led the volume chart with trades of around 2.4 million shares. It was followed by Birla Cotsyn (6.1 million), Kingfisher Airlines (5.8 million), Edelweiss (4.2 million) and MT Educare (3.9 million).

Nifty Updates

Q: What is your call on the Nifty now?

A: Position ally, we are bullish on market. We do not see any structural change as of now. But for remaining part of series, we are not very optimistic. When I say we are not very optimistic, we are not expecting a major correction.

We have few reasons to state that we are not bullish for the remaining part of series. First and foremost, look at the change in open interest in mini-Nifty. We all know that mini-Nifty is traded by weaker hands of the market. The open interest more than doubled in the last seven-eight trading sessions.

Most of the built up happened when the market corrected from 5,800 to 5,700. Somebody would be misguided that it might be a short built up, but we were saying that there was a left out feeling in the market, people were waiting for correction. During this correction, a lot of long positions got accumulated in mini-Nifty around 5,750 level. These guys are still not making money. They are in loss. I am talking about the weaker hands. Though the activity has reduced slightly in the last two-three trading sessions, they still remain long. They have not squared off their complete long positions.

Even if market stays here, FIIs do not lose, but weaker hands may end up making losses in call options and also in mini-Nifty futures. I believe that for remaining part of October series you may not see much of a price moment. So, we are expecting time correction in this market rather than price correction for October series.

Sure Shot Nifty Tips

The Indian market has been subdued over the last many sessions. In an interview to CNBC-TV18, Aditya Singh, Commodity Tips Advisory says he is bullish on market. However, for remaining part of series, he is not very optimistic. "When I say we are not very optimistic, we are not expecting a major correction," he adds.

He is expecting time correction in this market rather than price correction for October series. "I think 6,000-6,100 cannot be ruled out in November series," he adds.