Nifty was looking for a reason to break and it did so when RBI rate hike occurred and same was contrary to expectations. .Coming days ahead market will be taking a cue from the results which are likely to be provided for heavy weights to include Maruti, Sun Pharma, NTPC, Cipla. Some select stocks of Pharma sector are down and Cipla can break if the results are not up to the expectations. So all those holding may have to divorce the stock if need required as at times timely selling of a stock is very important to keep the profit intact. Technically the market is looking week and thus one must make sure to trade in stock specific opportunities only. Thus if Nifty does not close above the levels of 5626 than one has to be ready to accept the reality of market crashing to 5300-5100 level where it might find succor. Shorter time frame a technical bounce back likely from 5400 levels and thus keep watch on crucial levels.As we had stated on last thursday that moment we will see market breaking the level of 5600 we will see a quick fall in the market and same happened as it was a 200 DMA which has now been broken convincingly. We get so many calls that whether the correction in Indian stock markets has reached its bottom or can we undertake bottom fishing approach and this answer to the said varies for each person as it depends how well a person is capitalised. Thus if you want to get any stock query answered, same is provided free of cost for our paid jackpot call subscribers as we know that a person is always in one or the other financial predicament in life and it is better to have an expert advice on the said subject.
Derivative Segment future Prediction: Analysis of derivative data suggests that 13.07 lakh shares were added in open interest with an increase in the cost of carry, indicating long accumulation at lower levels. On the options front implied volatility increased marginally, indicating volatility will continue to persist in the market.
Globally one can keep tab of European Monetary Union unemployment rate, European Monetary Union retail sales, US initial jobless claims, US farm and Non farm payrolls and US employment rate which can determine the likely trend of the global market in days ahead.
Lest we forget that Mahatma Gandhi was cremated on 31 Jan post his assassination and without going into the pros and cons of his being killed and making a further issue of it; we must take a vow to use the occasion to spread the goodwill and remove all hatred and bloodshed among our society and make India a force to reckon with and same has been acknowledged worldwide and that is the reason we are seeing all powerful nations heads visiting India in a short span of time. Human life is precious and we must be responsible citizens and keep subversive forces under control by nipping the same in the bud as no religion has ever taught bloodshed in the name of Jihad. Together we can do it and we will do it. Click Here to Get Free Stock Market Tips in Email
Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5400-5360 | 5625 |
| Sensex | 17926 | 18880 |
| Stock | Profit (Rs) |
| Tip | 2230 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 33790 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 53870 |
Top open interest gainers in the market at National stock exchange
Sun TV (79%), McLeod Russel India (35%), Oriental Bank of Commerce (21%), Core Project & Technologies (20%) and Allahabad Bank (17%)
Top open interest losers in the market at National stock exchange (NSE)
Hindustan Zinc (-22%), Crompton Greaves (-18%), NMDC (-18%) and Wipro (-10%)
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If you like our post than do not forget to refer our share tips info website to your friends and colleagues. If we analyse the Sterlite Industries results we find that its results have beaten the street expectations, HDFC Bank results were in line with estimates and HUL, JSW Steel numbers were below the market expectations. You can find more info related to the share markets of India by searching with the following keywords on the site by using the Google tool as given on the financial blog cum website.
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