Nifty recovered in the last hour of the day. As of now market is trending directionless and same is amply visible through the annotated chart of the Nifty. Thus one has to trade with specific and news based stocks only in which particular category of people are active. For the F&O segment traders and operators, one can go for st
raddle strategy in this category as market is now all set to make a one sided move Technically market seems to be topped out and a healthy correction will help people to pick good stocks at reasonable valuation and thus one should not be afraid of any fall in the market. A golden principle of becoming a millionaire in the stock market is to trade less but trade accurately and that was the reason our hot stock tips is the most sought after plan as we deliver more than what we promise. BSE advance-decline ratio stood at 1.2:1. and thus things are rosy and Nifty and is in uptrend. However the Nifty could open flat today only courtesy decent rollover in the last hour of the session which helped Nifty to recoup its losses. Seeing the state of market taking a blind call may not be correct and thus follow strict support and resistances as given below in the table.
Derivative Data Analysis: This data always gives a clear picture about the state of the market and analysis of option front data suggests that increase is being seen in addition of shares on put side. IV (implied volatility) is cooling off from its recent high and hovering around 17-19 % with put to call ratio in favour of the existing trend, indicating that the market may continue the same momentum with 5100 acting as a very good support going forward.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5300-5265 | 5393-5417 |
| Sensex | 17650 | 18356 |
| Stock | Profit (Rs) |
| Tip | 1955 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 33880 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 49850 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
BRFL, Dish TV, RCOM, Orchid Chem, IOB, Asian Paint, RNRL, Sun Pharma, GTL Infra & Voltas
Weak future stocks at Bombay Stock Exchange
Grasim, Mphasis, Petronet, HCL Tech, DCHL, Chennai Petro, Bank of Baroda, PTC, Tulip & NTPC.
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