India's benchmark indexes Sensex and the Nifty closed about half a percent lower on Wednesday, after tumbling nearly 2 percent in the previous session, as concerns grew that rising interest rates will affect GDP growth and drag down corporate earnings. The markets accepted rate hikes positively in 2010, but the reaction has been adverse this year. The interest rate sensitive sectors (Banking, auto and realty) may remain under pressure for some more time in India in short term however opportunity exists in medium term in banking and reality segment. The F&O expiry is going to give the correct direction to the market. If 5,520 level goes than market takes support at 5500-5480-5450 and in worst scenario can extend fall till 5300. The up move commences once Nifty is able to move past 5615 level which is an important DMA. However one can make continous money in any kind of market i.e. whether bullish or bearish by trading with Hot Stock News which is still not available to general public because the thing which is available in open domain like internet or on business channels is already factored in the stock price. What makes is the difference is the quality and timeliness of the info which yields positive results in stock trading.
Derivatives Market Analyis
The Nifty July futures moved in a narrow range and closed near the support level at 5,550 on account of stalemate between bulls and bears. Open interest (OI) build-up in the put and call options and strong pullback from the low of 5,518 on the penultimate day of expiry of July series hints at a narrow band movement tomorrow. Nifty 5500 appears to be an important support and 5600 to be an immediate support.
Impact of US Debt on Indian Markets
The markets can edge lower in coming days due to debt concerns in the US and high inflation levels in India. European stocks fell as news out of Washington indicated lawmakers failed to make significant progress on raising the government's debt ceiling. Now all eyes will be on US debt update as all news at Indian end has finished. Policymakers are still undecided on how to lift their $14.3 trillion debt limit, with President Barack Obama and Speaker of the House John Boehner blaming each other for the continuing deadlock ahead of an August 2 deadline. European debt concerns returned to haunt investors after German finance minister Wolfgang Schaeuble reportedly said the government is against a "blank check" for the euro zone's bailout fund to purchase government bonds in the secondary market.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5532-5480-5468 | 5615-5700 |
| Sensex | 18437-18223 | 18670 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 2230 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 23780 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 49690 |
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Strong future shares at National stock exchange
Petronet, IDEA, Praj Ind, TTML, Hexaware, GSPL, Pantaloon, SRE Infra, Bharti Artl & Hotel Leela
Weak future stocks at NSE
LITL, GTL Infra, Orchid Chem, Ibrealest, HDIL, Voltas, Escorts, Educomp, JP Associate & Bhel.
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