Life is all observation and one has to be just vigilant to keep looking around the surroundings to be able to make money from the market and this was the reason that how I became a Infosys millionaire as at the correct opportune time I was able to spot the opportunity and cash on it. The stock market depicts the same thing that, one has to be on the look out for the opportunities. In 1998, I happened to spot Prakash industry stock was moving at Rs 5, though it was the leader in TMT bars and I was able to accumulate a chunk and it gave huge returns. The examples are endless and keep your eyes open and spot the opportunity and make money by buying it at a correct price and not at an exorbitant price. Well, so far so good and take a look at today's market and one finds that market is witnessing pressure at higher volumes and pressure of profit booking will keep the volatility intact or high in the market. The day went by saw continued profit taking amid mixed Asian cues coupled with slightly disappointing report on India's service sector activity for September weighed on the Indian stock market Tuesday. However, the broader market witnessed significant activity ahead of the earnings season, with the BSE mid-cap and small-cap indexes up 0.78% and 1.14%, respectively. The market breadth was positive, with 1673 gaining shares versus 1291 declining ones. After trading sideways in a range of 20561- 20,383, the benchmark 30-share Sensex ended down 68 points or 0.33% at 20,408, with 18 of its components ending in the red. The broader Nifty fell by 14 points or 0.22% to 6,146. Globally China was closed for a holiday and now be ready for a Chinese hacking war on the complete international community as it had earlier demonstrating its ability by pinging millions of times Pentagon servers and bringing it down. Make sure that you are making use of the share market today reports and tips for the day and be a part of millionaire or billionaire gang.
Analysis of derivative segment data suggests that 3.65 lakh shares got added in open interest with a significant increase in the cost of carry, indicating aggressive accumulation of longs at lower levels and traders’ confidence in the market. On the options front, implied volatility reduced marginally indicating positive bias for the market. BSE advance-decline ratio stood at 1.3:1.
Stock Market News of Concern and Implications
- Mahindra Satyam billed Rs 570 cr for fraud by I-T dept.
- HC rejects Cadila plea for exclusive 'sugar free' tag .
- Gold, silver zoom to scale new peaks.
- Cabinet nod for 10% stake sale in Shipping Corp
- CWG to add $5 bn to Indian economy
- BoJ reverts to zero rates in surprise move
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 6100 | 6325 |
| Sensex | 20300 | 20766 |
| Stock | Profit (Rs) |
| Tip | 1860 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 39560 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 54690 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Rel Media, Orchid Chem, Bhushan Steel, Sintex, MLL, KFA, Triveni, IDBI, Bank Of India & Jindal SWHL.
Weak future stocks at Bombay Stock Exchange
Financial Technology, Asian Paint, Idea, GT Offshore, BRFL, GTL Infra, Indian Hotel, Tata Chem, GMR Infra & Hero Honda.
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