Day Trading – India Learns to Make Money : 28 Sep

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.

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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)

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Intraday Trading Tips

Share	Gains (Rs)
Tips	46350

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Future and Options Daily Paid Tips

NSE Nifty 50 Stocks	Made Money (Rs)
Tipz	74890

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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.

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