FII were net buyers of 841cr & DII were net sellers of 860cr

Yesterday: As expected market ended flat and huge volatility was there due to F&O Expiry.

Today: Indian Stock Market is expected to open flat to positive. 4800 as emerged as a strong support for Nifty. Since today is Budget 2010 day. Huge volatility is expected. It is suggested to stay away from market today.

BSE Sensex: (16254): The support for the Sensex is 16000 and the resistance to the up move is at 16575.

NSE Nifty: (4860) the support for the Nifty is at 4800 and the resistance to the up move is at 4920-4995.

Data to watch: Budget 2010.

FII were net sellers of 595cr & DII were net buyers of 325cr

Yesterday: Market opened flat and remained in range throughout the day n closed above its level of 4850.

Today: Indian Stock Market would open flat to positive. Analysis would remain same market would trade within range stay away from the market.

Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (16255) The support for the Sensex is 16200 and the resistance to the up move is at 16500

NSE Nifty: (4858) The support for the Nifty is at 4820 and the resistance to the up move is at 4950

FII Activity: FII were net sellers of 700cr in index future & net buyers of 277cr in stock future

FII were net buyers of 486cr & DII were net sellers of 155cr

Indian Railway Minister Mamata Banerjee presented the Railway Budget in Parliament today.. Budget made keeping in mind the economic viability of the projects as well as social responsibility. Here we have some important highlights

- To introduce 54 new trains in FY11

- Gross earning exceeded Rs 88,000 cr
- Plan to raise Rs 10,000-20,000 crore in FY11

- Pilot project for fire detection
- FY11 freight loading aim at 944 million tonne
- FY11 gross traffic receipts at Rs 94,800 crore
- FY11 plan outlay seen at Rs 41,426 crore
- Non-core business revenue seen at Rs 1,000 crore
- To beat FY10 freight target by 8 million tonne
- Impact of 6th Pay Commission at Rs 55,000 crore

- Not to increase freight tariff
- Time for business partnership with Railways has come
- Not to privatise Railways
- To set up six bottling water plants via PPP model
- RFID technology to be used in freight transport
- To acquire 80,000 new wagons
- To set up more freight corridors
- Cut freight on food grain, kerosene by Rs 100/wagon
- To set up 10 auto ancillary hubs In PPP model
- To start door-to-door service for freight movement
- Premium tatkal service for parcel, freight movement
- Golden Rail Corridor project announced
- 5 new coach factories to be set up
- Diesel plant in Bengal if land available
- Railway research center in Kharagpur
- Design testing unit to be set up in Bangalore

- To complete 1,000 km lines in one year
- 117 new trains to be flagged off by March 31
- Rs 1,300 crore for passenger amenities
- To launch double-decker trains on pilot basis
- To construct more underpasses, subways, low-height flyovers
- To raise 12 companies of women RPF
- Women RPF to be raised
- E-ticketing mobile vans at hospitals, universities
- To run 101 new suburban trains in Mumbai
- To introduce 54 new trains in FY11
- Service charge on AC class cut to Rs 20 From Rs 40
- To extend routes of 21 trains
- To launch tourist trains on 16 routes
- To launch 10 more duranto trains
- Golden Rail Corridor project announced

- New housing scheme for 14 lakh employees
- Ex-servicemen for railway security
- Rail exams to be held in regional languages

- Announces Rabindra Museum at Howrah
- Railways to set up 10 eco-parks
- Special trains for Commonwealth Games
- Sports academies to be set up in 5 cities

Yesterday: Market opened down as expected n consolidated through out the day n proved as a dead day for the traders.

Today: Indian Stock Market would open negative on the back of the weak global cues.4820 would be the important level to be watch out for. All eyes are now on the railway budget although it wont effect market directly but it would show the mind set of government before the union budget.

Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (16286) The support for the Sensex is 16200 and the resistance to the up move is at 16500

NSE Nifty: (4870) The support for the Nifty is at 4820 and the resistance to the up move is at 4950

FII were net buyers of 551cr & DII were net sellers of 180cr

FII were net sellers of 101cr & DII were net buyers of 116cr

FII were net buyers of 18cr & DII were net sellers of 397cr

Last Trading Session: Market opened with a positive gap and closed above 5250.

Today: Indian Stock Market likely to see a gap down opening. Market would be rangebound till budget where the upper side would be 4920 for Nifty and lower side would be 4700. Profit booking would surely be there.

Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (16328) The support for the Sensex is 16225 and the resistance to the up move is at 16470.

NSE Nifty: (4888) The support for the Nifty is at 4850 and the resistance to the up move is at 4920-4970.

FII were net sellers of 352cr & DII were net sellers of 123cr

Yesterday: Market opened up n during most of the day market stayed above a level of 4900.

Today: Indian Stock Market would open flat as global cues are quite steady. On the nifty side 4950 would be the important level to be watch out for. I would be short on the nifty at these levels with tight stop loss with a target of 4920-4900.

Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (16428) The support for the Sensex is 16200 and the resistance to the up move is at 16500

NSE Nifty: (4914) The support for the Nifty is at 4000 and the resistance to the up move is at 4950

F&O Cues: FII were net buyers of 806cr in index future & net buyers of 263cr in stock future.

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FII were net buyers of 521cr while DII were net buyers of 197cr.

Yesterday: Indian stock market closed with positive note.

Today: The Indian Stock Market would again open with a positive trend. Now market has developed a very strong resistance of 4800 for Nifty. It would be interesting to see for what time it would be able to go up. Budget is approaching and we would suggest to stay away now and just watch market direction as budget may force market to move in either direction sharply.  

BSE Sensex: (16227): The support for the Sensex is 16000-15860 and the resistance to the up move is at 16470.

NSE Nifty: (4856) the support for the Nifty is at 4800-4740 and the resistance to the up move is at 4920.