All are waiting for the expiry to get over and they can thereafter heave a sigh of relief as presently a sideways trend with negative bias is going on which is going to become clearer post expiry. Not to worry trade with accurate equity tips daily in market and one can just sit,relax and enjoy the profits made every day. BSE advance-decline ratio stood at 1:2.5. Now all eyes are on Reliance because it can either take the market to Nifty levels of 5600-5850 provided it moves above 1000 mark and than it rallies to 1120-1150 and if it fails to do so and falls below 950 mark than we are going to see stock taking the market down with it. Thus exit all longs if the level of 5350 on the lower side is broken.
Analysis of derivative segment data suggests that Around 11.40 lakh shares got reduced in open interest with an increase in the cost of carry indicating short covering. On the options front, implied volatilities increased marginally indicating uncertainty will continue to persist due to August series derivative contracts’ expiry tomorrow. Thus be prepared as market is going to be volatile on the F&O expiry day.
Always keep on pondering on one or other thing and we can learn a lot from our great Indian business men and we must keep on contemplating in our heart and keep asking that how Dhirubai Ambani learned to think big and same needs to be applied in our life to achieve big and for that one has to think big with honest intentions and for that one needs to put an extra bit in life to surpass others. However remember not to step on other shoulders and rise high, but carry all people together as investors always liked Reliance Industries due to his policy of rewarding the investors.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5450-5400 | 5510-5540 |
| Sensex | 18000 | 18356 |
| Stock | Profit (Rs) |
| Tip | 2560 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 34560 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 48765 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Petronet, BPCL, KFA, Bhushan Steel, UCO Bank, Hind Petrol, Tata Chem, Orient Bank, Patni & Jindal Steel.
Weak future stocks at Bombay Stock Exchange
Nagar Cont, HCC, Patel Eng, EKC, Rel Infra, Sesa Goa, Punj Llyod, Ivrcl Infra, KS Oils & GLAXO.RNRL, TV-18, ACC, Ambuja Cement, HCL Tech, Rel Infra, Gail, Uniphos, Sesa Goa & Sail Ltd
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