Indian stock market is gyrating to the tunes of global pied pipers and the upmove appears to be limited and thus one has to exercise caution while trading. However technically Nifty is in uptrend till the time it is able to sustain itself above 5000 mark. One has to derive the consolation from this fact that Sensex and Nifty are above the psychological barriers of 17000 and 5100 mark. However if you want to trade without any tension than definitely check out Jackpot calls as it holds the keys to your making money from Indian share market.
India is doing well as a whole nation and despite global gloom we are progressing and same is seen in Industrial Production for the month of April which has grown at stunning 17.6% as against expectation of around 14.3%.
Reliance is no doubt a big fish and one must keep it under scanner due to its ambitious plans and now it is all set to enter in the telecom segment as it has acquired 95% stake in Infotel Broadband, which is the only firm to win the broadband spectrum in all 22 circles in recently concluded auction. Truce between Anil and Mukesh Ambani is going do well for both the groups. Thus one can add Reliance as a systematic plan to portfolio for long term investment purpose atleast with a time frame of 5 years to get good gains and returns on the capital employed.
As a free advice one should avoid trading exclusively in options as options has time decay element which eats into your savings. One can only make money in options by selling options and one has to have deep pockets in case the strategy backfires which rarely does. Moreover a retail investor can not afford to sell options as he or she has limited financial resources. Thus the best bet for a retail trader is to stick to equity segment or can trade through futures segment. The below cartoon amply demonstrates the state of only option traders where even beggars refuses to accept it.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5100 | 5155 |
| Sensex | 17000 | 17150-17250 |
| Stock | Profit (Rs) |
| Tip | 1875 (Rs 50,000 Trading) |
Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 19540 |
Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 35630 |
NSE strong futures
BRFL, RCOM, Recltd, Dr Reddy, TV-18, UCO Bank, Dish TV, Asian Paint, Bajaj Auto & Colpal.
NSE Weak futures
Aban Off shore, Grasim, Punj Lloyd, KS Oils, Suzlon, MTNL, Hindalco, Tata Steel, India Info & MLL.
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