Consolidation is the buzz word and all is well in the market till the time Nifty 6000 psychological level is protected in the market. Remember medium term target for Nifty is 6800 and long term target is 7500. Keep an eye on P/E ratio as it becomes risky at 28 levels. Today BSE advance-decline ratio stood at 1.5:1. One must track China and below info about Chinese currency will be of a great use for all those tracking the Forex market. China’s trade surplus swelled to $27.15 billion in October, topping the estimate of $26.4 billion. This figure, coming a day ahead of the G-20 summit will likely put further pressure on China to let it’s currency appreciate. China also hiked the reserve requirements for several major banks by half a percent today. Tata Motors was the star of the day and we can proudly state that we had got our swing traders into this call long before people even anticipated the good results and they are raking the moolah.
In this stressful world we do induce an element of laughter to keep you people destressed so that as a trader one can make decisions with a cool and balanced mind. Last but not least do remember the soldiers who go out of their way so that the nation can progress without any fear. The snap amply demonstrates the same and let us together salute their never die spirit. One odd scam involving their senior officers like adarsh society scam should not be taken as a case to tarnish the image of the army at least in India as it is the final tool with the sovereign nation whenever civil or police machinery fails and ofcourse to keep the evil eye of Pakistan and China away.
Before we go further a lesson in the management will help you go way ahead in your career graph.
A sales rep, an administration clerk, and the manager are walking to lunch when they find an antique oil lamp.
They rub it and a Genie comes out.
The Genie says, 'I'll give each of you just one wish.'
'Me first! Me first!' says the admin clerk. 'I want to be in the Bahamas , driving a speedboat, without a care in the world.'
Puff! She's gone.
'Me next! Me next!' says the sales rep. 'I want to be in Hawaii , relaxing on the beach with my personal masseuse, an endless supply of Pina Coladas and the love of my life.'
Puff! He's gone.
'OK, you're up,' the Genie says to the manager. The manager says, 'I want those two back in the office after lunch.'
Moral of the story:
Always let your boss have the first say.
So far so good and if you feel that stock market trading is stealing your money than just without any doubt log in with our 100% sureshot tip and make money daily without any tension as they say “Tension Lene ka Nahin but Dene Ka” and give the tension to the people who are trading without expert guidance.
Analysis of derivative segment data suggests that 9.20 lakh shares were added in open interest with a significant increase in the cost of carry, indicating long accumulation. On the options front, implied volatility has remained almost flat in spite of big intraday whipsaws, indicating a positive bias for the market.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 6240-6150 | 6357 |
| Sensex | 20670-20425 | 21207 |
| Stock | Profit (Rs) |
| Tip | 1340 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 31235 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 45640 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Alok Ind, ABG Shipping, Renuka, Nagar Fert, Titan, Canara Bank, Chambal Fert, GE Ship, IDBI & Dena Bank.
Anticipated Weak future stocks at Dallal Street
BRFL, On Mobile, IVRCL Infra, Pir Health, Hind Petro, Alstom Project, STR Tech, Sail, NTPC & Orbit Corp.
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