Edit this postAll those looking for market to crash further need to watch the signal of market trading below today low or closing below today low which will mean that market will start on a negative note in the next week.
Click Here to Get Free Stock market Tips in Email
However if market remains above the Nifty level of 5025 than one will find that overall trend of Nifty remains in the upside. Sensex moving above the psychological barrier of 17000 mark will be good for bull operator cartel.
The support and resistances for the key indices in India worth watching are as appended below.
| Indices | Support | Resistance |
| Sensex | 16635-16542 | 17125 |
| Nifty | 4909 | 5078 |
Share Market Today
Market is supreme and it took a beating due to weak global cues and F&O expiry which triggered the selloff today and the market ended weak. However the fact to be considered is that market has clocked huge volumes and mind it that it was the second highest market turnover and highest ever F&O turnover at Rs 1.59 lakh crore.Aggressive selling in Tata Steel and selected banking stocks and other heavy weights in the later half were the main culprit for the free fall witnessed today.
Derivative cues for likely trend of market in coming month
On the option front, very good addition of open interest was seen in 5000-5300 calls and 4700-5000 puts, indicating that the market will continue to face selling pressure on higher side until Nifty closes above 5200.
Subscribers Click on Specified Newsletter by Clicking on the Link and entering Password to Access Money Making Tips.
Day Trading Tips | Results
| Stock | Profit (Rs) |
| Banking Tip | 1290 |
| FMCG scrip | 325 |
| Power stock | 1415 |
| Auto stock | 7300 |
| Cement share | 2200 |
| Textile stock | 4700 |
Click Here to Subscribe for Day Trading Tips Plan
F&O Tips | Results
| Stock | Profit (Rs) |
| Tip1 | 3870 |
| Tip2 | 8272 |
| Tip3 | 14600 |
| Tip4 | Trade not initiated |
| Tip5 | 2830 |
| Tip6 | 3250 |
| Tip7 | Trade hit stop loss |
Jackpot Tip | Result
Well all the subscribers wait for the Jackpot tip, but the tip could not be traded as the same opened ga pu and thus a reserve tip was initiated which yielded a profit of Rs 1390 for the traders.
Click Here to Get Super Duper Profit: Subscribe for Jackpot Call
Strong futures
Hind Zinc, Jindal Steel, Sesa Goa, Jindal Saw Steel, Gail, PFC, McDowell-N, BPCL, Dena Bank & Orchid Chem.
Weak futures
RCom, Unitech, Purva, Rel Infra, HDIL, DLF, Bharti Airtel, TTML, RNRL & EKC.
Share Market News
- Bajaj Hindusthan to add 400 MW worth Rs 1,600 crore.
- India may get $3-billion loan from the World Bank for development of roads in the next 3-6 months.
- Govt may extend sugar futures ban beyond Dec – minister.
- Cane farmers end protest, sugar mills to gain.
- Surging food prices may prompt RBI action.
- Siemens expects margin pressure to continue – exec.
- Tata Steel posts qtr loss, but sees profit turnaround.
- Patni founders sell shares via open market.
- MBL Infra gets 75 mln rupees from Reliance Infra.
- Gopinath may exit kingfisher airlines soon and his share is down to 0.32%.
- GLOBAL MARKETS - Dubai debt worry ripples across assets.
