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We are going to see a range bound market before the F&O expiry and today market saw a lacklustre day due to subdued global markets and portfolio churning ahead of the expiry of April series F&O series (Thursday April 29, 2010). However market heaved a sigh of relief as results were in consonance with the expectations from the market. As of now FMCG and healthcare stocks are the best bet and they remains so always in times of inflation. Trade in sure shot stocks with us and make money every day irrespective of the condition in the market as these sure shot intraday tips makes sure that one is able to home on to the perfect stock which is going to give profit and one is not required to keep staring at the trading terminal.We found that market breadth has been negative with advances at 492 against declines of 766 on the NSE. Analysis of derivative data suggests that long positions are being built at lower levels and thus one can say that Nifty 5200 will act as a good support. Nifty is likely to be range bound between 5250-5350 before expiry and if the level of 5289 is broken than we can see some selling pressure.
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As per data available with options segment we can say that we are likely to witness volatility ahead of expiry of April F&O contract. As a free F&O trading strategy one can buy a straddle in Nifty i.e. buy both Put and Call for say Nifty 5300 and hold the same through next series. One will make money by seeing the market breakout in one direction. One can book profit in Call as soon as available and hold the Put throughout next series as chances of market breaking towards downside are more. Straddle is a strategy with which one can hedge volatility to a great extent. Globally markets are going to be impacted by likely delays in financial aid for Greece as well as further monetary tightening in China.
Indices | Support | Resistance |
Nifty | 5289 | 5451 |
Sensex | 17680 | 18112 |
Stock | Profit (Rs) |
Tip | 2775 (Rs 50,000 Trading) |
Intraday Trading Tips
Share | Gains (Rs) |
Tips | 29540 |
NSE Nifty 50 Stocks | Made Money (Rs) |
Tips | 38630 |
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Share market tips past performance
NSE market option
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National stock exchange Weak futures
Renuka, Triveni, Balrampur Chini, Bajaj Hind, Sun Pharma, Maruti, McDowell, Tech Mahindra, BEL & HDIL.