Industrial production dipping into the negative and growth slowing down will play a major role in the Reserve Bank of India's decision on key interest rates and India Inc. hopes the central bank will not play spoil sport this time. The RBI will conduct the mid-quarter review of the monetary policy on Friday.

The central bank has hiked rates 13 times since early 2010 to tame inflation. That objective is closer to realisation, according to latest official figures. Food inflation has dipped to 4.35 percent for the week ended Dec 3, while headline inflation - though still above 9 percent - has shown some signs of decline. Industrial production, however, has taken a beating in the past four months. High interest rates have deterred investments and brought down the index of industrial production into negative terrain.

Overall gross domestic product growth too will not be as per earlier forecasts. With 6.9 percent GDP growth in the first quarter and 7.3 percent in the April-September period, growth this year will be below expectations. Latest government estimates peg it at 7.5 percent (+ or - 0.25 percent).

The Nifty future shut shop at 5280.20 losing 17.80 points or -0.21 percent. Nifty future increased 166150 shares in open interest, and came to premium of 33.45 from 20.50 whereas cost of carry is 17.16 vs 8.23, up 108.50 percent. On the options front the OI PCR is 1.37 vs 1.39, whereas the Volume PCR at 1.15 vs.1.17. On the Volatility Front the Indian Volatility Index has ended at 24.89 % vs.24.02% gaining 3.62%. 

On the put options front we have seen addition of open interest in last trading session at strike price of 5000 and 5100. 

Here are some free intraday tips for today, you can make good profit by using these tips,-

Action: Buy above 309.75, stop loss Rs 300

Target: 320-325

 

Action: Sell below 1300, stop loss Rs 1312

Target: 1290-1275

Action: Sell below 443, stop loss Rs 451

Target: 435-420

 

Get more free tips from here- Free Stocks Tips

Here are some free intraday tips for today, you can make good profit by using these tips,-

Sell Rural Electrification Corporation (REC) futures below Rs 231

Target of Rs 228-224 and stop loss of above Rs 235.

Sell below Rs 624

Target of Rs 615-608 and stop loss of above Rs 633.

Buy above Rs 155

Target of Rs 159-163 and stop loss of below Rs 151.

Sell Hindustan Oil Exploration Company futures below Rs 205

Target of Rs 202-198 and stop loss of above Rs 209

Sell below Rs 472

Target of Rs 462-456 and stop loss of above Rs 478. 

Sell Nifty Futures below Rs 5,703

Target of Rs 5,670-5,650 and stop loss of above of Rs 5,737.

Buy Bank Nifty Futures around Rs 11,140-60

Target of Rs 11,220-11,280 and stop loss below of Rs 11,100. 

Here are some stocks and their trading strategies which have shown a good momentum today and may be posibility is that these stocks may give good return from market on Monday-

Today closed at 104.25 with -3.85 or -3.5%

Details           Technicals for        02-05-2011

Open 108.00                                   Resistance 3          113.95

Last close 108.10                            Resistance 2           111.45

Today's high 108.95                         Resistance 1           107.8

Volume 3,971,451                                Support 1          101.65

52-Week high 149.50                            Support 2            99.15

52-Week low 80.50                               Support 3            95.5 

Today closed at 51.20 with +0.65 or 1.28%

Details            Technicals       for             02-05-2011

Open 51.00                                     Resistance 3          54.37

Last close 50.55                               Resistance 2          53.66

Today's high 52.95                            Resistance 1          52.42

Today's low 51.00                        PP (Pivot Point)           51.71

Volume 113,457                                   Support 1           50.47

52-Week high 59.00                              Support 2           49.76

52-Week low 29.50                                Support 3           48.52 

RESISTANCE: It has first resistance close to the level of 5825 & above this level the next resistance is seen near the 5950 mark.

SUPPORT: It has first support close to the level of 5695 & below this level the next support is seen near 5570 mark.

Here are some free intraday tips for short term profit, by using these tips you can makr good return.

Sell BHEL futures below Rs 2010

Target of Rs 1,990-1,950 and stop loss of below Rs 2,033.

Sell below 71.50

Sell Reliance Infrastructure below Rs 664

Target of Rs 658-647 and stop loss of above Rs 672.

Buy Indian Oil Corporation above Rs 664

Target of Rs 346-351 and stop loss of below Rs 336.

Buy above Rs 480

Target of Rs 488-495 and stop loss of below Rs 472.

Buy above Rs 2,966

Target of Rs 2,988-3,009 and stop loss of below Rs 2,944.

Sell below 40

Targets of Rs 39-37 and stop loss of above 43.

Sell Nifty Futures around Rs 5,888-5,998

Sell Bank Nifty Futures around Rs 11,885-900 

Here are some stocks and their trading strategies which have shown a good momentum today and may be posibility is that these stocks may give good return from market tomorrow-

Today Closed at 150.95 with -6.85 or (-4.3%)

Details Technicals for 28-04-2011

Open 158.50                           Resistance 3       165.2

Last close 157.80                     Resistance 2       162.1

Today's high 159.00                  Resistance 1       156.4

Today's low 150.20                PP (Pivot Point)      153.3

Volume 1,467,641                        Support 1       147.6

52-Week high 106.00                   Support 2        144.5

52-Week low 44.00                      Support 3        138.8

Today closed at 23.60 with +0.45 or (1.94%)

Details Technicals for 28-04-2011

Open 23.35                              Resistance 3        24.65

Last close 23.15                       Resistance 2        24.3

Today's high 23.95                    Resistance 1        23.95

Today's low 23.25                PP (Pivot Point)        23.6

Volume 6,272,235                        Support 1        23.25

52-Week high 25.10                     Support 2        22.9

52-Week low 15.25                      Support 3        22.55

Today closed at 2953.15 with +10.80 or (0.36%)

Details Technicals for 28-04-2011

Open 2945.00                            Resistance 3      2985.65

Last close 2942.35                      Resistance 2     2975.15

Today's high 2964.64                  Resistance 1      2963.5

Today's low 2942.50               PP (Pivot Point)       2953.

Volume 1,247,666                         Support 1       2941.35

52-Week high 2070.00                    Support 2       2930.85

52-Week low 1255.00                     Support 3       2919.2