It is going to be a nerve wrecking weak ahead as we are now at a juncture where market can make or break and for it to move up Nifty has to cross above 6150 level and for its journey southwards to commence, it has to break the level of 5929. Straddle strategy in the Future options segment is going to be the ideal bet and will also be a risk free proposition. Figure of 6000 mark holds psychological effect from traders perspective and one can see a bounce back from that level as figures ending in zeros act as psychological supports in stock market. Globally Chinese market plunged more than 5% on the back of interest-rate hike fears and had a ripple effect on other markets as well.
Market is a sea of emotions and side-lined cartoon will depict how emotions affect the stock market and even leads of rumour mongering. Thus instead of getting into rumour mongering, one should go for researched bse stock tips and make money making in share market a habit and others will follow your route earmarked.
Analysis of derivative segment data suggests that Volumes in Nifty futures were substantially higher compared to previous trading volumes. Around 0.68 lakh shares were added in open interest with a significant decrease in the cost of carry, indicating a short build up at higher levels. On the options front, implied volatility increased by 200- 300 basis points, indicating that the market may continue to remain volatile. BSE advance-decline ratio stood at 1:3.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 6000-5930 | 6150 |
| Sensex | 20000-19768 | 20600 |
| Stock | Profit (Rs) |
| Tip | Trade not initiated as stock opened gap up. |
| Share | Gains (Rs) |
| Tips | 28560 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 39875 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Alok Ind, RPower, ABG Shipping, ICSA, S Kumars, Chambal Fertilisers, Titan, Canara Bank, Nagar Fertilisers & GE Shipping.
Weak future stocks at Bombay Stock Exchange
Apollo Tyre, On Mobile, Jindal SWHL, Educomp, Sobha, IVRCL Infra, DLF, Unitech, Bharti Airtel & Mcdowell-N.
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