We are not immune to global actions and that is the reason we are likely to see market falling on the coming Monday as US markets have seen a sell-off (Steep drop in University of Michigan's Consumer Sentiment Index and weaker than expected revenue growth reported by Bank of America and Citigroup has sent stocks in US down). As we have stated that technically market is looking down though virtually due to price action it was up and thus we will now see a fall in market and this a reason for people to start booking profit. However do not lose hope because till the level of Nifty 5349 is held, we will see Nifty crossing 5500 mark. Do not fear much as Nifty is showing a firm uptrend and any present fall in market will be only due to global nervousness and each fall in the market should be used an opportunity to accumulate quality stocks. Remember that to make money in market, one must have sure shot tips which should be accurate and 100% profit making tips like Arjuna’s arrow hitting the target.
Analysis of derivative segment data suggests that more than 11.40 lakh shares have been added in open interest and same is accompanied by increase in the cost of carry and it shows that long accumulation is taking place at lower levels. Further analysis of options data suggests that IV (implied volatility) has decreased marginally and it shows that 5300-5349 will act as a support levels in coming days. Thus trade as per the given support and resistances which holds the key to making money at NSE and BSE.
We are glad that India has finally got its own currency symbol and it is easier to draw also. Thus we are in an elite band of currencies who have an insignia for the currency. I just wonder that why it took us so many years to wake up to this reality that we require a symbol for our Indian rupee. Nonetheless better Late than Never and we are happy to have a Rupee symbol of ours and can be now clearly distinguished from countries like Nepal etc which also have a similar pattern currency. Thanks IIT guy for giving us this symbol.
Click Here to Get Free Stock Market Tips in Email
Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5350-5288-5265 | 5393-5417 |
| Sensex | 17875-17650 | 18356 |
| Stock | Profit (Rs) |
| Tip | 3200 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 37670 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 49560 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Godrej Ind, Orchid Chem, Opto Circuits, Titan, Indiabulls, DCHL, Aurobindo Ph, Bank.Of India, DLF & Unitech.
Weak future stocks at Bombay Stock Exchange
RNRL, TV-18, Ultra Cem, Gail, ACC, Ambuja Cement, Sesa Goa, SCI, HCL Tech & Uniphosphorus
Click Here to Get Free Future and Option Tips in Email
If you like our post than do not forget to refer our daily free stock market tips site to your friends and colleagues.
You can find more info related to the share markets of India by searching with the following keywords on our site by using the Google search tool as given on the financial blog cum website in right side bar. free stock market tips, tips blog india, nse market option tips, indianstock daytrading method, daily stock tips subscribe, free daily stock tips, nifty future prediction, free stock market tips, best Indian stock market site
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
