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Nifty Tips | Sensex Tips | Free stock market tips India | 30 Oct

Nifty Tips | Sensex Tips | Free stock market tips India



Indian market has got over a most crucial phase of the derivative expiry and we are likely to see Nifty consolidate between 4600-5200 levels in the days to come with Nifty 5000 acting as a strong support.

In today’s market banking and metals stocks were the worst hit, and thus these were the shares which were badly hit today. Only solace will come in the market if it starts trading above 4801 level.

If one studies the derivative market than one is likely to see trend in Sensex and Nifty to remain with a negative bias as  implied volatility has started increasing after making a yearly low. This correction is good for market and may remain so prevalent during the medium term.

One can use the present correction to enter in good stocks as long term trend of the market is up and it is being forecasted that year 2010 may bring lost glory to BSE and NSE by touching the record Sensex mark of 21000 figure.

As we can see from above image that global indices are showing some recovery and thus one needs to undertake the wait and watch policy to see if the Indian share market also takes a cue from global market and provide some technical bounce back.
Indian day trading tips | Analysis
Stock
Profit (Rs)
Tip 1
Not initiated
Tip 2
Tgt 1 achieved (Rs 170)
Tip 3
1690
Tip 4
Trade not initiated as stock opened gap down.
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Future and Option tips | Analysis
Stock
Profit (Rs)
Tip 1
Not initiated
Tip 2
4320
Tip 3
12911
Tip 4
Not initiated
Tip 5
19350

Jackpot Tip | Result
Stock
Profit (Rs)
Tip 1 (buy side)
Trade achieved target 1 and thus this tip becomes a free tip for the subscribers as per our honest policy.
Additional Sell Tip seeing condition of market
Tip was not to be traded as stock opened substantial gap down.
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Global Commodity News which can affect share prices
Oil rises above $78 after U.S. GDP growth
Corporation Bank Q2 net up on core income, beats forecast.

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