Bulls at BSE and NSE are happy as stock market is moving like a tortoise and still moving past all resistances in a slow and steady manner. Thus the daily trend is up till the time Nifty is able to hold the level of 5449-5399 and as a long term investor one must book out the profit if it breaks the level of 5349. Thus now all is set to see Nifty touching the levels of 5500-5550. It is a time to rejoice as today Nifty has scaled a yea high landmark and it calls for having a toast in the name of Nifty. Thus if you have been left out of this slow and steady bull run, do not feel disheartened and make daily money in market like professionals by going for the hot and sure shot day trading tips which will perform irrespective of the condition in the market.
The stock market cartoon depicts that every body is happy when market is in the bullish mode as people are making money and business channels are happy as they are getting higher TRPS. Well, it is a known fact that TRP of a business channel is directly proportional to the bullish trend prevalent in the mkt. However remember life is not a fairy tale and one can not put the guard down and trade with financial risk management as aim is to stay longer in the market and not try to milk it in a single day.
Analysis of derivative segment data suggests that 4.65 lakh shares have been reduced in open interest and same has occurred with a decrease in the cost of carry and it shows that profit booking may occur by people sitting on pile of profit.. Analysis of option front data suggests that implied volatility (IV) is near its low of 13% indicating an up tick may be seen in IV and market may correct up to 5400 levels.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5450 | 5493-5511-5590 |
| Sensex | 18100 | 18356 |
| Stock | Profit (Rs) |
| Tip | 2345 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 39870 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 58665 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Petronet, IOB, Allahabad Bank, Tata Motors, Tata Chem, MLL, Educomp, Hind Zinc, UCO Bank & Dish TV
Weak future stocks at Bombay Stock Exchange
RNRL, Patni, Punj Lloyd, Nagar Const, Finance Tech, R Power, EKC, Reliance, Maruti & Dr Reddy.
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