As suggested yesterday market tanked and it now needs to be seen if it finds support at Nifty level of 5700- 5635. All the levels suggested yesterday for short selling has been achieved in Nifty. We have given a screen shot for you to see visually the amount of income which is required for various stages in life. Thus do save for rainy day. Equity market will never let down an investor or a trader as its returns always outpace the fixed deposit returns. Traders do not worry as market can see a dead cat bounce tomorrow and thus positive move may be seen in the market. Thus to make the best use of this segment do remember to use the intraday tips and make money like true professionals everyday. Infosys is looking forward to third quarter results which is keeping it afloat even in a crash type market situation. Now it appears that quality of internet connection will increase with Mukesh Ambani's 4G revolution which is likely to begin by the year end.
Derivative Segment future Prediction: Analysis of derivative data suggests that 1.90 lakh shares were added in open interest with a decrease in the cost of carry, indicating aggressive short positions continue to be built at every rise. On the options front, implied volatility increased by 200-300 basis points, indicating that the market will continue to face selling pressure at higher levels and that 5900 on a closing basis may remain a stiff resistance going forward.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5738-5689 | 5850 |
| Sensex | 19048 | 20000 |
| Stock | Profit (Rs) |
| Tip | 1450 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 33570 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 45820 |
Jindal Saw, Hexaware, Glaxo, Ispat Ind, Hind Zinc, HCL Tech, Indian Hotel, Bata India, Tata Power & Infosys.
Weak future stocks at NSE
Syndicate Bank, JSW Steel, Indian Bank, Yes Bank, TVS Motor, Bajaj Auto, LIC Housing, Orbit Corp, Indus Ind Bk & HDIL.
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