Please remember that Nifty is in uptrend till the time Nifty is abler to hold above the level of 6000 mark. Thus do not short sell blindly as in that scenario,one will get into wishful thinking mode. The trend is still intact up and Nifty 6150 level is a strong support and we can see Nifty breaking past 6300 ready to conquer 6400 levels. The BSE Sensex, which saw some consolidation in recent sessions, rebounded strongly on Wednesday to end up about 485 points or 2.40% at 20,688, with 29 of its components edging higher. The broader Nifty climbed 143 points or 2.35% to 6,234. Remember to check out stock tips for today which has the potential to bring all the wealth of stock market to your door front.
Make sure that one remember the tip being given through the stock market cartoon and one do not get euphoric in a bull market.
Forex market saw dollar coming down under broad selling pressure versus major world currencies today due to Fed signalling more pumping of cash into the U.S. economy. September jobs report from United States government has shown that economy has lost 95000 jobs, and same is much higher than the expectation of 5000 cuts. Despite that economy is upbeat with the thinking that govt will pump more money into the market.
Analysis of derivative segment data suggests that 28.75 lakh shares were added in open interest today with a significant increase in the cost of carry, indicating a build up of long positions and also traders’ willingness and confidence in the market. On the options front, the implied volatility has increased significantly, indicating that the market may remain volatile in the coming sessions. Result season has started with CMC, Indusind Bank, Praj Industries and Sintex announcing their September quarter earnings today.
Click Here to Get Free Stock Market Tips in Email
Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 6150 | 6325 |
| Sensex | 20100 | 20766 |
| Stock | Profit (Rs) |
| Tip | 1975 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 41560 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 58765 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Orchid Chem, ABG Ship, Rel Media, Vijaya Bank, IFCI, Bhushan Steel, Syndicate Bank, KFA, MLL & Chambal Fert.
Weak future stocks at Bombay Stock Exchange
Finan Tech, Nagar Cont, Dabur, Praj Ind, TV-18, Colpal, GTL Infra, Asian Paint, BGR Energy & GVKPIL.
Click Here to Get Free Future and Option Tips in Email
If you like our post than do not forget to refer our nse sharetips site to your friends and colleagues.
You can find more info related to the share markets of India by searching with the following keywords on the site by using the Google tool as given on the financial blog cum website
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
