Market is in uptrend till the time the level of Nifty 5400 is held and thus all those looking for wishful thinking must keep their fingers crossed. Globally Chinese stocks led a recovery in Asia and same is attributable to Ma Delun, a deputy governor of China's central bank, stating that nation will maintain a moderately loose monetary policy. The European markets were able to recoup their losses by virtue of earnings optimism, helped by forecast-beating earnings from drug maker AstraZeneca and tech firm Cap Gemini. It is important to watch the BSE advance-decline ratio which stood at 1:1.05 as it gives a clear trend direction analysis, however it can not be taken at face value. Do remember to use most reliable stock picks India which have been producing profit every day and beating the street hands down.
As the stock market cartoon depicts that one has to trade judiciously and should not trade so aggressively that it becomes a matter of life and death and it is applicable more or less for individuals trading in financial segment. Thus it calls for financial discipline and one must take care of individual’s health because if one is healthy, there is always another day in market. Remember aim is to stay longer in the market as market opens its gates to make money daily in the market.
Analysis of derivative data suggests that on the eve of expiry of July F&O contract, we saw NSE and BSE trading more or less flat and was found trading between a range of 5385-5420. Further analysis of option data suggests that 5600-5700 remains the active strike on the call side and 5300 remains the active strike on the put side with implied volatility hovering around 15%-18% and it shows that market will continue to trade in a broader range, where 5600 can be targeted on the higher side for next series with 5300 as a good support going forward. Rakesh Jhunjhunwala in a candid interview to Mithali Mukherjee in CNBC TV 18 has admitted that he likes Titan as a share most and do not like infomedia 18 as he has not been able to make money from it. Among the banks he is very appreciative of Karur bank of Vyasa which has been beating market hands down.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5380-5350-5288-5265 | 5450-5493-5511-5558 |
| Sensex | 17850-17650 | 18100-18356 |
| Stock | Profit (Rs) |
| Tip | 1355 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 32560 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 45665 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Petronet, Allahabad Bank, Sintex, Bajaj Auto, Titan, UCO Bank, Bank Of India, Idea, Mcdowell-N & Orient Bank..
Weak future stocks at Bombay Stock Exchange
RNRL, EKC, Maruti, Patni, Finance Tech, TV-18, FSL, GT Offshore, JP Associates & Polaris
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