Edit this postAsian markets and strong European markets gave the much needed push to stock market and now we need to see if Nifty can cross the Laxman Rekha of 5341 and if this is broken with volumes, than “All iz well in the market”; however things do not become so rosy overnight as market is more or less moving in a sideways mode and any up move will meet with fresh profit booking. BSE advance-decline ratio stood at 1.3:1. Thus only trade with recommended NSE stocks which will ensure that one gets the best profit as these are specific stocks being targeted by operators and have passed the technical analysis test and are ripe to move with the requisite force.
Through this cartoon we have tried to portray that one has to balance the family lie as well as the trading life. One should not get so mesmerised with stock market that he either neglects his family or ruins it,. Make sure that as a trader one has a happy married life and give time to yur children as this time will never come back. become a professional and do not mix day trading emotions in daily life.
Analysis of derivative segment data suggests that more than 4.40 lakh shares have seen a reduction in open interest and same is along with an increase in the cost of carry and it shows that short covering is happening in the market. Further dig down the option data and one finds that IV(implied volatility) has decreased marginally and has shown that going forward Nifty 5200 will act as a good support for the market.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5220 -5214-5167 | 5341-5393-5417 |
| Sensex | 17400-17240 | 17750-17775-18356 |
| Stock | Profit (Rs) |
| Single Tip for the day | Stock Opened Gap up and thus this tip becomes a free tip for subscribers as we do not expect our subscribers to run for a gap up stock and their subscription is extended. |
| Share | Gains (Rs) |
| Tips | 26680 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 45470 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Hind Petro, BPCL, Orchid Chem, Nagarjuna Const, Bharat Forg, Aban Off shore, IOB, TV-18, Polaris & Concor.
Weak future stocks at Bombay Stock Exchange
RNRL, Sterling Biotech, Uniphos, Patni, India Cement, India Info, Grasim, Hind Zinc, HCL Tech & Hindalco.
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