As a trader one can just keep the Nifty under watch as it correctly portrays the prevailing trend by virtue of correct selected stocks in its basket. The trend is up in Nifty till the time the 5350 level is not breached decisively as thereafter one sees Nifty taking the support at the levels of 5300. However 5380 can also act as a support for Nifty during the course of the day. If Nifty is able to sustain above 5380 than probability exists that it can again touch levels of 5450. BSE advance-decline ratio stood at 1:1.2 and this is also one indicator which generally shows the likely coming forth trend in the market in days forthcoming. Thus if one is long in Nifty one must exit out of the trade in case Nifty breaks the level of 5349 and is able to remain underneath for 5 minutes. Tired of finding a good stock tips advisor, than do not look further and check out India top stock picks and you will be able to make a good amount of money on every trading day.
We as Indians need to get our image changed as developed countries consider us as low paid workers world wide and for that we have to act together and make our nation progress together by our constructive actions. I feel pained, when I see Indians selling the unlimited day train tickets after their journey at half the price to other passengers overseas as such type of actions make people force to think India as a third world country which only knows the snake trick. Well, let me announce it publically that we should all be proud of India as we have grown by leaps and bounds in just a matter of 60 years and that too despite so many internal problems, caste, creed and a vast number of free practising religions. After having visited a number of developed countries; I feel proud as an Indian and we need to just put our best foot forward and nothing can stop us from becoming a developed country or a force to reckon with by year 2030 and am glad that it will take place with in our life span itself.
Analysis of derivative segment data suggests that fresh short positions are building in the market as 16.40 lakh shares have been added in open interest and same is coupled with decrease in the cost of carry and further analysis of option front data suggests that IV (implied volatility) has declined marginally and it shows that the level of Nifty 5300 will act as a strong support.
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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 | 1655 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 36460 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 47875 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Orient Bank, Idea, Allahabad Bank, Petronet, Sintex, Bajaj Auto, Vijaya Bank, UCO Bank, Bank Of India & Titan.
Weak future stocks at Bombay Stock Exchange
RNRL, EKC, Maruti, TV-18, Patni, FSL, Hero Honda, Finance Tech, Nagarjuna Const & India Info.
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