Reserve bank of India is on the tightening spree and despite its action of raising the repo and reverse repo rates by 25 bps and 50 bps respectively; our markets marched ahead. RBI has raised Repo Rate to 5.75% from 5.5% and Reverse Repo Rate has been hiked to 4.5% from 4%, Well, Larsen and Toubro has fallen elow public expectations and it has reported disappointing numbers and both Sales and Net Profit fell short of market expectation and as a net result it has fallen more than 3% in the market. It is very easy to make money at NSE nd BSE provided one knows the correct stocks as market is showing only stock specific move and is not a broad move and thus do remember to check out money making tips which has a cent percent success rate. BSE advance-decline ratio stood at 1:1.1. To put the readers in correct perspective, market is in uptrend till the time Nifty is able to sustain itself above 5400 levels.
As the cartoon depicts stock market is a zero sum game as and at the same time one is bullish on a stock or commodity or an index and at the same time the other individual is bearish on the instruments and that is the reason we see that an individual is buying a stock and other individual is selling the stock. Thus it is basically a fight with in oneself and if one can conquer these emotions, stock market can be conquered by the person.
Derivative Data : Analysis of derivative segment data suggests that close to 2.20 lakh shares have been added in open interest with decrease in cost of carry and it indicates that fresh short positions are building up at higher levels. Further analysis of option data suggests that IV which is implied volatility has increased marginally and it indicates that market will continue to remain volatile with sharp whipsaws with July Future & Option contract expiry due on Thursday. Meanwhile do remember to read our article which will answer your query related to the question i.e. How to ask for a Raise from your Boss? and same will help you to make the demand without antagonising him.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5400 | 5493-5511-5558 |
| Sensex | 17975-17650 | 18356 |
| Stock | Profit (Rs) |
| Tip | 1785 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 34480 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 46865 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at NSE
Titan, Bharti Airtel, Sintex, Bajaj Auto, Idea, Allahabad Bank, UCO Bank, Tulip, PTC & Educomp
Weak future stocks at National Stock Exchange
RNRL, Maruti, TV-18, Dr Reddy, ABB, Hero Honda, Essar Oil, Indian Bank, Tech Mahindra & ICSA.
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