Shares prices struggling to rally: Friday Closing Report

The fall will resume if Nifty closes below 5,450. Above that, the resistance is at 5,580

Yesterday we had suggested that if Nifty closes above 5,450, there could be a rally. The Nifty traded above 5,450 throughout the say and closed above it. If Nifty stays above 5,450, there is a chance the rally may extend to 5,510 and further to 5,580. If the market goes down, the first support is at 5,300. However, the bias is negative.

The Sensex and Nifty opened at 18,200 and 5,451, respectively. A fall in food inflation for the week ended 7th May and a decline in global crude prices supported the gains. Capital goods, auto and banking sectors were in demand in early trade.

The market hit the intra-day low at the start of the day itself, after which it was inching higher except for a small dip following reports that the government has hiked the contribution of upstream oil companies toward fuel subsidies to 38.8% for FY10-11. The intra-day low was at 18,161 and 5,433.

The fall was soon arrested and the indices once again started on their upmove boosted by the key European bourses opening higher. The post-noon session saw the market meeting its intra-day high, which happened to be a three-day high, at 18,429 and 5,518. The market settled with decent gain for the second day in a row. The Sensex rose 185 points to close at 18,326 while Nifty rose 58 points to close at 5,486. The advance-decline ratio on the National Stock Exchange was a positive 799:593.

Among the broader indices, the BSE Mid-cap index closed 0.61% higher and the BSE Small-cap index gained 0.49%.

BSE Capital Goods (up 2.31%, BSE Auto (up 1.37%), BSE Healthcare (up 1.34%), BSE Power (up 1.32%) and BSE Realty (up 1.31%) were the major sectoral gainers. On the other hand, BSE Fast Moving Consumer Goods (down 0.85%) and BSE PSU (down 0.01%) were the losers in the sectoral space.

Larsen & Toubro (up 3.57%) continued to hog the limelight, emerging as the top Sensex stock for the second day. Other main gainers were Cipla (up 3.22%), Bajaj Auto (up 3.05%), Tata Steel (up 2.76%) and Reliance Infrastructure (up 2.73%). The losers were led by ITC (down 1.82%), ONGC (down 1.17%) and State Bank of India (down 0.24%).

In a move that may spook Oil and Natural Gas Corporation's (ONGC) planned public offering, the government has hiked the contribution of upstream oil companies toward fuel subsidies to 38.8% for 2010-11 fiscal.

Of the Rs78,159 crore revenue that retailers lost on selling diesel, domestic LPG and kerosene below cost in the 2010-11 fiscal, upstream firms ONGC, Oil India and GAIL India have been ordered to contribute Rs30,296.7 crore, or 38.8%, sources in the know of the development said. ONGC has been ordered to chip in Rs24,892.43 crore, while OIL will provide Rs3,293 crore and GAIL Rs2,111.24 crore.

Markets in Asia settled mixed on the last trading day of the week as Japanese investors were worried about the recovery of the disaster-stricken economy. Stocks in Seoul gained after a steep fall in the previous session. On the other hand, uncertainty over China's economic outlook remained an overhang for the market.

Meanwhile, Tokyo Electric, commonly known as Tepco, posted a net loss of 1.25 trillion yen for the year ended in March, compared with a profit of 133.8 billion yen a year earlier. The loss, the biggest in Tepco's 60-year history, reflects costs to scrap damaged nuclear reactors at Fukushima Daiichi and a write-off of deferred tax assets with compensation payouts likely to depress profits for many years.

The Shanghai Composite shed 0.04%, the KLSE Composite lost 0.19%, the Nikkei 225 declined 0.14%, the Straits Times fell by 0.13% and the Taiwan Weighted was down 0.63%. On the other hand, the Hang Seng gained 0.16%, the Jakarta Composite rose 0.34% and the Seoul Composite advanced 0.76%.

Back home, foreign institutional investors were net sellers of stocks worth Rs34.41 crore on Thursday. On the other hand, domestic institutional investors were net buyers of equities worth Rs132.34 crore.


Websites providing ‘stock-options tips’: By all looks, another huge scam in the making

A number of websites have cropped up, trying to lure investors with dubious claims of more than 100% returns—why are the regulators silent?

Speak Asia is not the only company luring thousands of people with dubious claims and the promise of extraordinary returns. The legitimate options & futures trading market of the National Stock Exchange (NSE) is a happy hunting ground for shoddy online tip-sheets, luring the gullible.

The Internet is flooded with websites claiming accurate tips, as high as 99% in trading in Nifty Futures & Options, etc. These portals are luring people to subscribe to their various planswhich is nothing but virtual gambling.

Most of the trades are usually in the Nifty and individual stock options where average trading volumes on the NSE are about Rs1,00,000 crore per day. Of these, index options account for 65% of total volume.

A Google search throws up dozens of websites promising huge returns through their tip-sheets, but market regulators seem to be unaware of these portals.

The modus operandi of all these tip-sheet portals is similar. They claim 99% accuracy, provide various stock options plans on (weekly or yearly) subscription. On an average, two-three 'tips' are delivered via mobile text messages. A few punters deliver tips using online chat rooms.

  • For instance, a website CallOptionPutOption provides such trading tips ranging from stock options to Nifty Futures tips and Nifty Options tips. It claims 200%-500% profit per month on its stock options tips. For this 'plan', capital of Rs15,000 is required and tips are provided with one target price and one stop-loss. Subscription to this scheme ranges from Rs2,500 (monthly) to Rs20,000 (yearly basis). For another plan, 'Nifty Future Tips', it claims that up to 85%-90% tips are "profitable". 
  • Similarly, DayGains claims more than 92% accuracy with profit of Rs2.07 lakh per month in equity and profit of Rs3.70 lakh per month in commodities. It suggests intraday trading 'tips' and provides complete follow-ups for both stop-loss and targets till a position is closed. 
  • Another website, SuperNSetips, claims to teach the "best day trading techniques" along with "money management". It actually provides tips to generate the desired volume in a market at a single point and time. It says, "We give Full LIVE Yahoo support during market hours to our Paid clients. We can give you 99% accurate live market calls according to your plans." (Reproduced verbatim).
  • A portal called CapitalVia provides stock tips, stock futures tips, Nifty tips, 'Premium Stock Tips', option calls & put tips, claiming 85%-90% accuracy. It also claims that it will provide complete support via Web messaging and also provides a mobile number. One such plan is called 'Viva Pick' where the portal suggests one call for Rs6,000 promising 4%-5% returns on every call within one-three trading sessions!
  • Here's another one: Indian-Share-Tips. It claims "guaranteed returns" on 'Jackpot' tips, day trading tips, etc., for subscription ranging from Rs2,000 to Rs32,000, on a weekly to monthly basis, depending on the plan. Interestingly, it has a "Recovery of Money Plan", which is a 30-day money-back guarantee. The site claims, "We even provide a 30 days money-back guarantee for the said plan. Moreover, within this duration of 6 months; one will graduate to higher level of trading as a trader as this plan is personally monitored by Analyst himself and one will be able to make money with each executed trade." (Again reproduced verbatim, not corrected for grammar).
  • BestStockAnalysis claims to charge only on positive calls and not on negative calls. It charges Rs10,000 monthly as advance fee, deducting Rs500 for every positive call. On each segment it provides one-two 'ideas', claiming an average of more than 80% success ratio in its suggested calls.
  • DailyStockTips claims accuracy of above 87% and even promises that one can earn Rs50,000 in a single day from intraday share tips! Here's what the website says, "Even in this Volatile Market, We have given excellent share tips to our clients. Let the Market be Bearish or Bullish, Our Clients have always benefited from our Share tips. We invite you to become our Member and get benefit from our Share tips." 
  • Optiontips says, "Get one Nifty Options intraday sure shot tips services (with) 98-99% accuracy." Its 'Nifty Option Golden Jackpot' claims to have maintained 93% (and above) accuracy all the time with low investment and huge 20%-50% returns on a daily basis. On this plan, it also guarantees minimum 400%-500% monthly returns. Its monthly subscription is Rs5,000 per month. For its options 'sure-shot' plans, it claims 98% accuracy with minimum 900-1,200% monthly returns! 
  • NiftyfutureNiftyoption claims to offer positional and intraday tips on futures, options, 'Jackpot Calls', etc., with 80%-90% success rate in futures trading. It says, "Profits in Index Futures and Options services comes to 30-70 points on consistent basis irrespective of market." It claims to offer minimum 25% return per month on Nifty Futures and Options.

There are many more websites making such claimsHere are a few:

Obviously, if generating such high market returns was so easy, investors all across India-and around the globe-will be flocking to Mumbai. The blatant dubiousness of these claims is obvious even with a cursory glance at these sites. But a few might just bite the bait. The moot point is, while a Google search can throw up so many sites, why are the regulators silent?



Stephy Wilson

2 years ago

Very Good blog and awesome writing too , and great thanks to the writer" >Nifty Options Tips

Stephy Wilson

2 years ago

Very Good blog and awesome writing too , and great thanks to the writer" >Nifty Options Tips


3 years ago

Bigprofitbuzz is a well known advisory of indian share marekt.We always believe in profit no matter whatever the market bear or bull.Our clients always make profit.we provide intraday equity,future,option,nifty & commodity calls with high accuracy.we" title="Share market"> STOCK MARKET NSE BSE TRADING TIPStry to give less call but more accurate so that you can earn some money without tension.We also give jackpot calls on a daily basis according to the market condition.You can make high profit in this by taking huge position.But always consider our levels to taking the entry in the call.We are not GOD of share market But we try to gain you high return Because only your satisfaction can only make us satisfy.


5 years ago

If any one knows the secret of making money trading in options - why should'nt he /she do it himself or herself.
No one can make money in Options - sometimes you make to lose the very next time or at a latter date


5 years ago

Wondering from where you can get best Nifty option trading tips for trading? Read on and find the way to find the right source


5 years ago

Excillent work by moneylife team. i receieve a regular sms from one such tips proivder comapny called BSA (BestStockAnalysis) claiming that their so and so called made a profit of rs.xxxx, on 50thousand investment. absolutely stupid on their part, as that 50thousand investment according to them will be either for margin or fno segment (both being highly risky), further company gives 4-5calls per day, but sends sms only for positive call, practically speaking the remaining 3-4calls will give losses several times more than the profit of their profit making call. Absolutely cheating. i wonder despite these service providers are running their web porbals for over years now, why isnt SEBI or NSE/BSE initating any time of action against them, as they violate all basic guidlines by SEBI, either these service providers are smart to manage SEBI or SEBI will wake up after any of the innocent investors takes law into their own hands agains these fraud web protals


5 years ago

Housing dreams of many middle class families is likely to be snapped, thanks to the Reserve Bank of India’s (RBI)’s announcement to hike interest rates by 50 basis points nifty ”nifty. All loans, incluing auto, home, personal and other corporate borrowings, are expected to cost more following the apex bank’s decision.


5 years ago

Housing dreams of many middle class families is likely to be snapped, thanks to the Reserve Bank of India’s (RBI)’s announcement to hike interest rates by 50 basis points ”nifty. All loans, incluing auto, home, personal and other corporate borrowings, are expected to cost more following the apex bank’s decision.


5 years ago

u r very true in that thing

option tips

5 years ago

good information


5 years ago

Your team is Bang on target
Some are advertising returns of 200-300 percent per month

this means that trader can convert Rs 1 lakh into 5314 crore in one year

This is just absurd


5 years ago

Another website offering paid calls is The advt is right on the first page. Whether they are registered with SEBI is also doubtful. The owner is one Kamlesh Langote who claims to be a technical analyst.


5 years ago

It's not the fault of the website owner, it's the fault of the person who wants double and triple returns in short period. If it is so simple, then why the so called nifty expert take money from bank on loan and double it themself.



In Reply to Policy 5 years ago

Exactly... Thats my point as well.

If the guy is so good, why not earn from the market itself.

And if he/she is so good, share the calls for free (since money would already have been made from the markets

Hope, the foolish followers understand this point


5 years ago

Great Expose moneylife team!

Probably 100s of such websites

Another one I know of is

is Income Tax department keeping a tab of these websites and the earnings? The account numbers where deposits have to be made are openly available


5 years ago

list of fake market advisers.



In Reply to rajabhat 5 years ago

That is just a list of sites related to stock markets.

The list includes sites of NSE, BSE, moneycontrol, rediff etc.

Kavveri Telecom to acquire European company

In past four years, Kavveri Telecom has acquired four different RF products and antennas manufacturing companies in North America

The Board of Kavveri Telecom Products, a leading telecom equipment manufacturer, has approved the acquisition of an RF company in Europe.
The RF solutions and products provided by this European company are considered world class, not only address a key technology requirement for the company, but will also provide a further opportunity to improve their business performance by leveraging Kavveri's low cost high value manufacturing capabilities.

This acquisition will also expand Kavveri's sales channels for their products in key world markets in Europe, Africa and Latin America. Kavveri has recently won an order of Rs75 crore from Europe and the company hopes that by this acquisition in Europe, would give it better position to get large orders from the customers in Europe.

Speaking about this acquisition, Shivakumar Reddy, managing director, Kavveri Telecom Products said that, "We are extremely positive about this acquisition. It will facilitate Kavveri to go one step ahead in its strategic initiative of making its facilities in India the global manufacturing hub."

Kavveri Telecom provides world class hardware products and solutions for the telecom, defence and space industry.

On Friday, Kavveri Telecom ended 1.79% up at Rs130.50 on the Bombay Stock Exchange, while the benchmark Sensex gained 1.02% at 18,326.09.


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