Stock market bhavishya | Nifty future prediction | stock tips for tomorrow | Indian stock ideas | best share for intraday India | India stock picks
Share Market today saw action in the midcaps space with companies that posted good results. Now market is waiting for the Reliance results to be announced and for that one can go for a strategy in Futures and options segment where one can go long in Reliance and go short in Nifty and both of these positions will be able to hedge each other and we will see a breakout in one direction. So all those who trade in F&O segment can go for this strategy and can make a good amount of money. However do remember to have financial muscle power while entering in the derivatives segment. Well, market is consolidating with a negative bias as no fresh triggers is available to take it higher unless Reliance results do some magic. However for today only solace is that market breadth is positive with advances at 903 against declines of 377 on the National stock exchange.Click Here to Get Free Stock Market Tips in Email
Globally cues are positive in Asian and U.S markets. Market is wary of the actions by RBI as present tightening of the policy is going to suck out excess liquidity of Rs. 12500 crore from the banking system. Probably this is the reason that now credit cards are being issued against the fixed deposits.
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Analysis of derivative segment suggests that 7.30 lakh shares have been added in open interest with increase in the cost of carry and it means that accumulation of stocks is taking place at lower levels. On the option front, implied volatility has decreased to a small extent and thus one can say based on this analysis that Nifty 5200 and Sensex 16500 (refer chart below - deep support) is going to be a good psychological support.
Indices | Support | Resistance |
Nifty | 5230-5122 | 5380-5451 |
Sensex | 17400-17133 | 17500-17662-18112 |
Stock | Profit (Rs) |
Tip | 1675 (Rs 50,000 Trading) |
Share | Gains (Rs) |
Tips | 18540 |
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 29630 |
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NSE market option tips
Strong future sharesPir Health, DCB, Indusind Bank, Sintex, Polaris, Concor, GE Shiping, Zeel, Allahabad Bank & Titan
Weak future stocks
Triveni, Renuka, Sail Ltd, Bajaj Hind, BEL, Hind Petro, ONGC, McDowell, Dr Reddy & Uniphos.