Year 2011 is going to be a momentous year and India is progressing fast on all fronts whether it is economic agenda or corruption agenda. However one need not feel disheartened as every developed nation has gone through this phase of corruption and every body has to pass through it before one gets into the real league of developed nations. The year 2010 has been equally remarkable as facts speaks for itself as Sensex is up 15% and Nifty is equally up 15%. This means that returns are better than fixed rate of returns and thus it makes sense to invest in equity. The CNX Midcap index was up 16% and BSE Smallcap index up 13% over the year. Auto, healthcare and IT remained the prime sectors that moved up substantially this year while telecom and metals were beaten down during the year. No doubt the trend of nifty is on the upside. The market breadth was positive with advances at 951 against declines of 343 on the NSE. BSE advance-decline ratio stood at 2.1:1. For trading on 03 Jan, one can just relax till the time Nifty is able to sustain above the level of 6049. Stock specific action is the order of the day and if one really wants to avoid the anxieties of day trading than one can straightaway go for intraday trading tips and make money like equity professionals everyday.
Derivative Segment future Prediction: Analysis of derivative data suggests that 4.78 lakh shares were added in open interest with a marginal decrease in the cost of carry, indicating short accumulation at higher levels. On the options front implied volatility marginally decreased, indicating buying may continue to emerge at lower levels.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 6000 | 6125-6147-6198 |
| Sensex | 20400 | 20571-20648-20805 |
| Stock | Profit (Rs) |
| Tip | 1570 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 36970 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 49640 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Praj Ind, Hind Zinc, Aban, Ispat Ind, Hindalco, Suzlon, Moser Bear, Wipro, FSL & Nagar Fert.
Weak future stocks at NSE
India Info, Indian Bank, Ashok Ley, Voltas, Hind Petro, Patel Eng, Federal Bank, UCO Bank, Recltd & Dr Reddy.
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