If you are into IT/Software Sector or say in any sector and can bring overseas contracts (or any domestic business related to the software sector), with a stress on Digital Marketing/Content Writing/Website Development/Reputation Management/SEO/SMM, etc, then you can join me as a partner or associate.
We will give you, the business development portfolio and pay you handsome amounts for your efforts. It does not matter, in which part of the world you are, as long as you can bring businesses. If you are interested, please send me at mail at: suman2005s@rediffmail.com.

Tuesday, October 29, 2013

Market Outlook: Brokerage Report (Edited)
The Indian benchmarks ended the day on a negative note on October 28, 2013. Markets opened in a positive zone and soon touched the high of the day. Then indicies moved down throughout the day and even breached yesterday’s lows. As has been during last week, even in the last hour of trade, there was no fresh buying seen and indicies closed towards the low of the day. The Sensex was down 113.24 points to close at 20570.28 while the Nifty lost 43.80 points to 6101.10. This was ahead of RBI's second quarter monetary policy review on 29th October, 2013. 
Expectations on the street are largely in favour of repo rate hike as RBI governor Raghuram Rajan's focus remains to be inflation. Coming to yesterday's market, the midcap index and the small cap index closed in red with the loss of three-forth of a percentage point and half a percentage point respectively. On the sectoral front, all the indicies except three, closed in red. The Consumer Durables Index closed as the biggest gainer with the gain of nearly one and three-tens of a percentage point. On the other hand the FMCG Index closed as the biggest loser with the loss of more than two and half a percentage point. This was followed by the Realty Index which closed with the loss of two and one-tens of a percentage point.
For Tuesday, October 22, 2013, the trend deciding point works out at 6076 (Nifty_Futures) mark. Again, the second weekly support stands at 6046 mark. Hence any fall in Nifty towards 6076-6046 (Nifty_Futures) band should offer a buying opportunity. However sustenance of this point needs to be ensured before creating a buying position. A strict stop loss of thirty points is a must for any buy. If for any reason, this level is breached, then the next support is expected to emerge at 6000 mark. But going by the trend for Tuesday, it seems difficult for Nifty to touch 6000 mark. On the upside, the trend deciding point of 6188 still is expected to offer resistance. If this is crossed due to demand pressure, then the next resistance is expected to emerge around 6200 mark. Again, the intermediate resistance also exists at 6129, in case if there is not much buying pressure.
Market Snapshots: 

  • The market was negative and the premium of Nifty Oct futures stands at 5.95.
  • Nifty Oct futures decreased 1992800 shares in open interest and Nov future increased 2979650 shares in open interest.
  • Difference between Oct and Nov Nifty spread was 52.5, lower than the previous days figure of 53
  • VIX was 21.29%, higher from the previous day's figure of 20.64%.
  • Highest open Interest outstanding in Call was seen at 6300 strike.
  • Highest open interest outstanding in Put was seen at 5700 strike.
  • Nifty 5900 to 6100 calls and 5700 to 5900 puts were most active, indicating a broad market range around 5200-5500 during this expiry.