Budget 2010 | Indian Shares Tips | Hot stocks tips | Indian Investments | Sensex and Nifty Update
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Selling in realty, metals and auto stocks dragged the market lower. As a net result Sensex fell to a low of 16,189 before finishing at 16,225, down 271 points or 1.64% and the Nifty dropped 86 points or 1.75% to 4,845. Budget 2010 is going to be a tough budget which will try to rein the recession with some harsh steps. The market breadth was negative with advances at 234 against declines of 1044 on the NSE.
Future of Indian Market
Now what we need to watch is the Sensex 16000 level which is a psychological support and if the same is broken than Sensex will find the support at the levels of 15500 and if this level is also broken than 15300 is the requisite support and if this level is also broken than panic will let loose in the market and will mark the onset of a crash in the market. Presently Nifty is in a downward momentum mode and one should just trade in stock specific calls only and same should not be rumour based.Now bears have an upoper hand and thus bulls can take a break and be on the sidelines for some time. However as a word of caution that do not blindly short the market and instead the support and resistances given for the market to undertake the trading decisions as below is an aid to help people make money while trading Nifty. Derivative segment investigation reveals that shorts are building their positions at higher levels and ofcourse implied volatility is increasing which means that uncertainty will be the order of the day.
Indices | Support | Resistance |
Nifty | 4827-4800 | 4967-5030 |
Sensex | 16160-15627 | 16577 |
It was a day marked with volatility and traders had to be satisfied with a smaller sum of profit of Rs 1100 as the tip crossed the tgt 1 but reversed before the tgt 2 and thus the subscription for the traders will be extended by another day. We have a strategy by virtue of which our traders can never lose as they know when to exit and when to enter as our aim is to groom the traders in such a manner that they become better with each passing day as our ultimate aim is that they should become successful in the market and be able to trade without an individual assistance as trading is a loner job.
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Day Trading Tips Gains
A sum of Rs 2900 was gained by trading in the day trading tips.
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F&O tips analysis
Very few tips got activated due to volatility in the market and a sum of Rs 8890 was gained by virtue of the calls given in the mkt on the previous day.

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