It is a great day as Nifty and Sensex has been able to overcome the psychological barriers of 6000 and 20000 mark on the Sensex. This miraculous meteoritic rise can be attributed to positive global cues coupled with relentless buying by foreign funds and it has helped Indian market to a fresh 32-month high on Tuesday. The broader Nifty rose to an intra-day high of 6,033 before finally ending up 29 points or 0.48% at 6,009. BSE advance-decline ratio stood at 1:2.4. Thus if you want to be a part of the rally than do not forget to check out super tips which has stood the test of time and has helped people to rake millions from stock market.
The stock market cartoon shows a rosy picture and through this cartoon we want to send the message that one must make sure that in hey days one do not start looking to any body and every body. Do not ry to find a news when their is no news. Thus make sure that one do not get over exuberant in a vibrant market and one is able to take judicious decisions and make sure that one uses the services of a market guru to be able to undertake trading decisions which bring profit for you in the bank.
Analysis of derivative segment data suggests that 12.40 lakh shares got reduced in open interest with a significant decrease in the cost of carry, indicating an unwillingness among the market participants to continue with their long positions and their preference to book profits. On the options front, implied volatility has further increased by around 200-300 basis points indicating uncertainty may persist at higher levels. It is advisable to avoid over leveraged positions.
Indian IPO update: Career Point IPO founded by an IITian has closed today and as and when this IPO gets listed one can keep an eye on it as education sector is definitely doing well and one must be a part of this revolution. Its IPO is priced at 295 – 310 price band and said company is founded by Pramod Maheshwari. The IPO has closed on 21 Sep.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5960 | 6000-6050-6150 |
| Sensex | 19850 | 20100-20776 |
| Stock | Profit (Rs) |
| Tip | 1345 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 35350 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 47980 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Ispat Ind, Ranbaxy, Ambuja Cement, HDFC Ltd, Renuka, Kotak Mahind, India Info, Hdfc Bank, ACC & TCS.
Weak future stocks at Bombay Stock Exchange
Divi'S Lab, GSPL, BGR Energy, PTC, GT Offshore, Sintex, Tulip, LITL, Orbit Corp & ABG Ship.
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