Markets movement is on the element hope and that is the corporate indices of India staged a smart rally as they expect now that European officials will be able to contain the euro-zone debt crisis. As we had suggested yesterday short covering will occur on eve of F&O expiry and same happened and markets are back in green and are again to knock the doors of 5000 mark. Thus do not blindly short the market. As of now Nifty 4750-4725 has been established as a strong support and next leg of down trend only can commence once Nifty breaks this level on weekly closing basis. Thus any move above 5000 mark means we are heading for 5037-5095 levels and now is the right time to make money with hot stocks for the day and be a part of the 5% traders who make money at stock market. The traders also covered short positions in 5,000-strike call options initially and build-up fresh long positions in it as they expect Nifty to move above 5,000 tomorrow. Thus we see Nifty moving in a broad range of 4725-5100 in shorter duration. Keep an eye on metal stocks for upmove.
Just for beginners to know that in a derivative market; a straddle is the best strategy to take benefit from the volatility in the market and this gives dividends when one is expecting sure shot movement in one direction which can be either downside or upside.
Forex market also have an impact on Indian market run up as softening of dollar-rupee rates in the coming sessions could trigger further buying into equities. Stocks which are trading near historic bottoms could attract value based buying and that is the reason that long term investors can benefit from short term tips as one gets to ride the trend in case of a breakout in stock.
Click Here to Get Free Stock Market Tips & Free E-book in Email
Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 4900 | 5037-5095 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 3530 (Rs 50,000 Trading) |
Click for Daily Sure Shot Tip: Make Money Like Professionals
Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 46350 |
Click Here to Subscribe for Daily Intraday Money Making Tips
Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 74890 |
Click Here to Subscribe for Daily NSE Future and Option Tips
Strong future shares at National stock exchange
Ruchi Soya, Arvind, JP Associate, Bombay Dyeing, DLF, Bank Of Baroda, Union Bank, Hexaware, Gitanjali & ABG Ship.
Weak future stocks at NSE
Pantaloon, Fortis, Jain Irrigation, SRE Infra, IFCI, MC Dowell, Chambal Fert, ABB, Jindal SWHL & Orchid Chem.
Click Here to Get Free Future and Option Tips in Email
If you like our post than do not forget to refer our free day trading India website to your friends and colleagues. You can find more info related to the share markets of India by searching with the following keywords on the site by using the Google tool as given on the financial blog cum website.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
