The trend for Nifty is up and one needs to keep watch of Nifty at 4769 and it has resistance at 4861-4905. Sensex support exists at 16030 with resistance at 16248-16404. Be wary of profit booking and leave the broker screen only after having closed the trades as market can reverse direction due to profit taking at high levels due to human emotional psyche in the mkts. If one sees RSI-2 is at 95.43 which means that the same is heavily Overbought and thus due caution has to be exercised.
Profit Analysis for Day Trading
Reliance had the dream run and it closed with gains of 4.47% and clocked a profit of Rs 9400 in intraday trading, ONGC profit for the day is Rs 675, Bank of Baroda profit is Rs 1800, ICICI bank gains were Rs 600, Sterlite gains from day trading were Rs 1790, HCL tech returns for the day were Rs 200, Hindalco gains in day trading at BSE NSE was a star as it closed the day with 4.57% and gave the profit of Rs 525, LITL, Reliance infra and Bharti airtel did not reach the entry price and thus these tips were not executed for day trading.
Profit Analysis for Future and Options
Reliance and Hindalco gave solid returns as each has closed the day with more than 4.5% returns for F&O Traders.
Intraday BSE NSE Share Tips India
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