Indian Market is definitely in a dilemma state and is trading with a negative bias and max with a sideways mode and last Friday concluded with a choppy session. European markets are looking up to the key monthly payrolls report and they expect it to be a positive report and that is the reason a thumbs up has been seen in the global financial markets.
The uptrend in Indian market commences once the Reliance stock helps Nifty cross past 5400 level. Till than make use of the stock tips for tomorrow for trading which will help one to make money daily form the market like the professionals. Do not trade or hold RNRL as its actual value is Rs 25-35.
BSE advance-decline ratio stood at 1.01:1. and one can utilise the present rallies to exit out of the market with profit and renter at lower levels or trade just intraday to get the best benefits.
It has been observed that people are joining the brokers without ascertaining their quality and reliability. Thus make sure that you speak to the owner of the brokerage house or the agency and get the brokerage concept cleared else it will dig a deep hole in your pocket. The same has been amply demonstrated through the cartoon for stock market and one need to grill them thoroughly.
Analysis of derivative segment data suggests a bears upper hand as near about 5.50 lakh shares have reduced in the open interest and same is accompanied by increase in the cost of carry and it suggests that shorts are unwinding in the market. Further digging down the option data suggests that implied volatility has remained almost flat in spite of high intraday volatility, indicating that the buying may continue to emerge at lower levels.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5220-5145 | 5300-5328-5393-5417 |
| Sensex | 17400-17170 | 17750-17775-18356 |
| Stock | Profit (Rs) |
| Tip | 1855 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 29450 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 47565 |
Hind Petro, BPCL, Orchid Chem, Aban Off shore, GTL Infra, Nagarjuna Const, BRFL, ONGC, IDFC & Chambal Fert.
Weak future stocks at Bombay Stock Exchange
HCL Tech, Sesa Goa, Jindal Steel, Sail, Hind Zinc, India Cement, Sterling Biotech, JSW Steel, Tata Steel & SCI.
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