All the key supports have been broken and now one can only see a dead cat bounce back. Whenever market falls, it is a good opportunity to acquire stocks at sale. Presently Nifty is in downtrend and one has to trade with caution in mind. Make use of the intraday trading tips and make money like professional every day at BSE and NSE. Long term investors can reenter in market once Nifty closes above the level of 6071. One need not worry as we make money even in bear market also and in bear market profit comes in windfalls as this time it appears Nifty going to find support at 5525 level.
Food inflation for the week ended 27th November came in at 8.69% versus 8.60% for the previous week. Primary Article and Fuel inflation stood at 12.66% and 9.99% respectively as against 12.72% and 9.99% in the previous week. European markets were trading with gains of about a third of a percent. US stock indices futures too were up by similar magnitude.
Analysis of derivative segment data suggests that 4.25 Lakh shares were added in open interest with decrease in cost of carry. Moreover short positions are being made at every available opportunity. One observes the volatility is likely to increase by observing the data for options. One has to see bouts of selling pressure at every rise. Implied volatility has increased marginally. BSE advance-decline ratio stood at 1:6.1.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5730-5650 | 5830-5965 |
| Stock | Profit (Rs) |
| Tip | Not Given for the day |
Hexaware, HCL Tech, Dr Reddy, Infosys Tech, Wipro, Tata Motors, TCS, BEL, Gail & Bharti Airtel.
Weak future stocks at NSE
KS Oils, Ruchi Soya, Welcorp, Jindal SWHL, LIC Housing, Ibrealest, Escorts, India Info, Orbit Corp & SKumars.
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