Sureshot strategy trading stocks | Indian share market tips | 28 Oct

Indian stock market tips | Share Tips India worth Watching

Nifty 4809 is an important level to be watched.  Today market bled due to hawkish monetary policy statement by India's central bank, weak global cues and intensive profit taking 

Although the Reserve Bank of India did not change its key policy rates, the underlying tone of the monetary policy statement was hawkish. In its second quarter review of its monetary policy, the bank kept the cash reserve ratio, the repo rate and the reverse repo rate unchanged, but it raised the statutory liquidity ratio by a percent to 25%.

In a nutshell global Market have entered  into correction mode and so our markets have also  become volatile. However a dead cat bounce is not ruled out tomorrow and thus trade with caution till expiry.  However presently Nifty trend is down and thus can target 4700 levels.

Index	Support	Resistance
Sensex	16221-15861	16721
Nifty	4699	4961

Intraday trading tips | Analysis for gains day trading

Stock	Profit (Rs)
Tip 1,2 and 3	Not Initiated
Tip 4	625
Tip 5	Not Initiated
Tip 6 (sell call)	6100
Tip 7 (sell call)	7900
Tip 8 (sell call )	1480

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Future and Option Results analysis

Stock	Profit (Rs)
Tip 1	12600
Tip 2	Not Initiated
Tip 3	2960
Tip 4	13593
Tip 5	18768

Jackpot tip Daily Result Update

Stock	Profit (Rs)
Tip (mid size stock sell recommendation)	7900

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Stock Market Timings
All are aware that SEBI has given in principle approval to enhancement of trading hours i.e. trading hours between 9 a.m. and 5 PM. Brokers and traders are worried due to additional sress. As we are aware that cash and equity derivatives market is open from 9.55 a.m. to 3.30 p.m and currency derivatives market is open from 9.00 a.m. to 5.00 p.m. while the commodity derivatives market is open from 8.00 a.m. to 11.30 p.m.

Global news of Cognisance
It is important to note that  Google is planning to participate in India’s WiMAX auction with an Indian partner as 3G Auction is scheduled for January 14th.

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