Market is trading with sideways bias coupled with downward trend. However sharp reactions will occur as and when Nifty breaks 6000 levels. Thus if you want to make money daily irrespective of the trend in market, feel free to use hot stock tips which will help you become next Rakesh Jhunjhunwala.
Analysis of derivative segment data suggests that 7.95 lakh shares were added in open interest with a significant increase in the cost of carry, indicating traders’ confidence in the market and willingness to take aggressive long positions post some of the heavy weight results. On the options front, implied volatility has increased marginally, indicating that the market will remain volatile in the coming days. However the market is expected to trade with a positive bias and a level of 6000 on a closing basis indicates strength for the market. BSE advance-decline ratio stood at 1:1.4.
The previous day saw Indian share market end a volatile session modestly higher on Monday, with IT, oil/gas and realty stocks leading the gains. TCS (up 2.98%), Reliance Industries (up 2.26%), Tata Steel (up 1.86%) and ONGC (up 1.54%) were among the top gainers. On the flip side, Maruti Suzuki, Wipro, Cipla, Mahindra & Mahindra, Jaiprakash Associates, Tata Power, Bharti Airtel and ACC led the decliners, ending down between 1% and 3%. While a somewhat subdued trend in global equities and profit-taking by investors to subscribe to the Coal India IPO weighed on the market initially, the benchmark indexes reversed direction in the last hour of trade, buoyed by sold second-quarter results from Larsen & Toubro and HDFC. The 30-share Sensex, which tumbled to a low of 19,871 in early trading, bounced back sharply to finish up 44 points at 20,169, with 14 of its components advancing. The broader Nifty rose by 13 points to 6,076.
IPO update: Coal India IPO has seen a muted response and has been only subscribed 34%.
Result season saw L&T Q2 net soaring by 32% to Rs 765 crore and Adani will be investing Rs 30,500 cr in Australian coal project. RComm adds 2 million subscribers in Sept and thus you know which is the stocck to be added for long term investment.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 6000 | 6160-6200- 6325 |
| Sensex | 20100 | 20500-20766 |
| Stock | Profit (Rs) |
| Tip | 1955 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 39560 |
| 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, Vijaya Bank, Chambal Fert, Bhushan Steel, Petronet, Ibrealest, Rel Media, Federal Bank & Bank of Baroda.
Weak future stocks at Bombay Stock Exchange
GVKPIL, V-18, BPCL, IVRCL Infra, Praj Ind, Bharti Airtel, BGR Energy, GMR Infra, Finan Tech & Dabur.
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