Nifty has definitely gone in an uptrend and same was stated through our chart for the Nifty yesterday. We had predicted impact of China interest rate hike and for that same reason one saw the weakness and Shanghai composite reversed its initial gains of nearly a percent and closed deep in the red, losing 2%. Good deeds must be complimented and on the top of our list is Reserve bank of India which has saved India from recession by proactive policies which have yielded tremendous returns. RBI governor, Please - Keep doing good job in India. Going by the same ideology of RBI we also let you know the secret of making money and it is to trade with closed eyes with risk free top stock picks everyday and make money like professionals everyday as these calls close the same day on intraday basis. BSE advance-decline ratio stood at 1.04:1. Remember till the time Nifty is closing above 5949 levels, we are in a bullish market. Keep track of importanct levels given for Nifty and Sensex.
One has a reason to cheer as now time has come to heave the sigh from unsolicited calls, however do not jump to the conclusion as mobile subscribers may have to wait for some more time to get relief from unsolicited calls and SMSes, as telecom regulator Trai is likely to postpone the January deadline to bring an end to such calls to February 1. Better Late than never and TRAI has reported that India has 706 mn mobile connections. Keep going as we have a long way to catch the population which is also growing at a fast pace. Union Bank has raised lending rate by 50 bps to 9% which means that State owned Union Bank of India today raised base rate (or the minimum lending rate) by 50 basis points to 9 per cent in line with other lenders.
Derivative Segment future Prediction: Analysis of derivative segment data suggests that 2.42 lakh shares got reduced in open interest with an increase in the cost of carry, indicating that short positions got covered around 6000 levels. On the options front, implied volatility increased 300-400 basis points, indicating that the market will remain volatile ahead of the expiry of the December month derivatives series.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5950-5922 | 6090-6125 |
| Sensex | 19900-19764 | 20217 |
| Stock | Profit (Rs) |
| Tip | 2340 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 41450 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 59665 |
Core Protect, Praj Industries, Ispat Ind, Hexaware, Mphasis, BalramPur Chini, Renuka, Wipro, Hindalco & Sun Pharma.
Weak future stocks at NSE
Ibrealest, Recltd, Welcorp, India Info, Pantaloon R, Orbit Corp, Ashok Leyland, UCO Bank, United Phosp & Patel Engineering
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