April export news has given some boost to the market. However technically market is in bearish grip and for it to move out of it, Nifty has to remain above 4925. Trade with following support and resistances in mind. It makes sense to analyse the derivatives data as one gets very crucial info, like we find that yesterday 2.30 lakh shares have been added in open interest with decrease in the cost of carry and it means that people are not willing to take a chance and are going in for short positions. Analysis of option front data suggests that IV (implied volatility) has cooled off by around 3-4 % indicating that buying may emerge at lower levels. These are those people who believe in value buying, however one can make real money in options by selling them and pocketing the premium as 95% of options expire worthless and time eats into peoples money. We proudly state that Bank of Rajasthan was recommended by us for swing trading and it has been giving an upper freeze for past 3 days. The fair value as per swap ratio workss more than Rs 170 as one is going to get 25 shares of ICICI bank for every 118 shares of Bank of Rajasthan held. SO it appears Hemamalini has done the magic for Bank of Rajasthan through her advt campaign. Do remember to refer our Swing Trading Calls to your near and dear ones and see them achieving new heights in the market.
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Indices | Support | Resistance |
Nifty | 4888-4855-4830 | 5000 |
Sensex | 16246 | 16900 |
Stock | Profit (Rs) |
Tip | No tip was given yesterday. |
Intraday Trading Tips
Share | Gains (Rs) |
Tips | No tip was given yesterday. |
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | No tip was given yesterday. |
Strong future
Pir Health, Federal Bank, Hind Petro, ABB, ONGC, Indusind Bank, Tata Tea, BPCL, Dr Reddy & Glaxo.
Weak futures
Aban Off shore, Educomp, RNRL, Hind Zinc, MTNL, Moser Bear, JP Associates, HDIL, Triveni & Punj Lloyd.