Market has a reason to cheer as now technically the trend has changed to upside and wild swings has made the change in trend as a seasaw game. Thus one must trade with the given support and resistances as given in the tabular form. We need to see if market can break the ascending triangle or not and this break point lies at 6030 which will determine the future direction of the stock market of India. If the market is notable to cross the given magic figure than this rally may fizzle out and we may see the Nifty moving in a band of 200 points on the downside. However to make risk free daily money from Indian stock markets one must trade with Nifty tips which has the best secret news and technical expertise to help day traders make money in the market. Are you ready for making daily money making a habit ! We are now in a sideways market which ahs a positive bias and all those who had heeded to our free daily advice as given on last trading day would have had minted a lot of money as market gave a wild swing on last trading day where it opened gap down and thereafter it moved in positive territory. One need to be ccautious tomorrow as China has hiked benchmark lending and deposit interest rates and it may act as an impediment for our positive moving market.
Derivative Segment future Prediction Analysis of derivative segment data suggests that 0.92 lakh shares got reduced in open interest with a significant increase in the cost of carry, indicating that the rally in the secod half of today’s session was due to short covering. On the options front, implied volatility decreased marginally, indicating buying may continue to emerge at lower levels and that 5900-5950 remain a strong bet for higher targets of 6100-6150.
On the positive side Finance minister has expressed hope that though large inflows have put pressure on the rupee, which has risen 2.9% against the dollar this year, same is not going to affect the Indian economy. We are facing a large trade deficit of $81 bn over Apr-Nov which is able to absorb the chunk of these inflows.
Indian Muslim trading fraternity has a reason to cheer as Bombay Stock Exchange Ltd (BSE) and Taqwaa Advisory and Shariah Investment Solutions (TASIS) will launch the BSE TASIS Shariah 50 index wef Monday, December 27 and this is first of its kind in India which will be utilising the strict guidelines and local expertise of a domestic, India-based Shariah advisory board. The BSE TASIS Shariah 50 index consists of the 50 largest and most liquid Shariah compliant stocks within the BSE 500, and same has been stated in the BSE release.
The creation of the index will help promote financial inclusion of the Muslim population in India and attract investment flows from international funds that must adhere to Shariah norms.
BSE MD & CEO, Madhu Kannan stated and we quote "The introduction of the BSE TASIS SHARIAH 50 Index will give Islamic and other socially responsible investors another means to access the Indian market and will help attract pools of capital to India from the Gulf, Europe, and Southeast Asia," .
Click Here to Get Free Stock Market Tips in Email
Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5950-5868 | 6090-6125 |
| Sensex | 19900 | 20217 |
| Stock | Profit (Rs) |
| Tip | 1710 (Rs 50,000 Trading) – Main Jackpot call not initiated due to gap down opening. The bonus call was provided which gave huge profit with just Rs 50,000 trading without margin. |
| Share | Gains (Rs) |
| Tips | 32450 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 45665 |
Ispat Ind, Core Protect, Renuka, Polaris, Sterlite, Wipro, Mphasis, Balrampur Ch, Hexaware & Sun Pharma.
Weak future stocks at NSE
Ibrealest, Ashok Leyland, Welcorp, Recltd, Orbit Corp, Pantaloon R, LIC Housing, SCI, KFA & Escorts.
Click Here to Get Free Future and Option Tips in Email
If you like our post than do not forget to refer our sharetipsinfo website to your friends and colleagues. You can find more info related to the share markets of India by searching with the following keywords on the site by using the Google tool as given on the financial blog cum website.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
