The Nifty is trading in a narrow range of 5,500-5,700 and is likely to remain so for some time .In case 5494 is breached, the index is likely to take support around 5435 and in case it is able to breach 5640 than it can rise to the levels of 5725 and its upward journey it faces resistance at 5680-5700 and thus the best opportunity to make money is by trading in daily intraday stock tips which are stock specific opportunities for day trading. The individuals who have the patience to hold stocks can trade with delivery stock tips as a good retail investor must check out his portfolio once a while and this needs to be reviewed at least once a year to get benefit of bottom-up stock picking which will help one to get good stocks at lower price and thus a churning in portfolio worth the effort.
Derivatives Analysis
1:1 put/call ratio at 5,600-strike indicate fight between bulls and bears to control 5,600 level. However, the trading volume in 5,700-strike call and put options suggests strong possibility of breakout above 5,650 in the near future as the 5,700- strike call options saw change of hands
Goods and Services Tax (GST) Update
The Congress-led Government and Bhartiya Janata Party gave a fresh lease of life to the much awaited Goods and Services Tax. The government agreed to appoint Sushil Modi, a senior BJP Member for implementing the tax, which aims to streamline the complex Indian tax regime.
Global Financial Markets Update
A meeting of euro-zone leaders is scheduled on Thursday to finalize a bailout package for Greece. We should not be unnecessarily perturbed with the crisis overseas as any crisis in Europe will bring more money into Emerging Markets (EMs) as there not many opportunities for global investors.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5540-5488 | 5618-5670-5700 |
| Sensex | 18465-18223 | 18813 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1690 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 34580 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 49760 |
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Strong future shares at National stock exchange
TTKprestige, Godrejind, Orbit corp, Biocon and Unitech
Weak future stocks at NSE
Chennai Petro, ONGC, Maruti, Wipro, BPCL, Tata Motors
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