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.
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. |
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. |
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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