Now we are at a cross road where the direction of the market is going to get clearer as tomorrow we are going to have the expiry of June series derivatives contracts. Only consolation has been that market reacted in the last hour of the trade and as a net result 30-share Sensex average closed up 6 points or a mere 0.04% at 17,756 and the 50-share Nifty ended up by 7 points or 0.12% at 5,323. L & T went down the drain due to being disqualified from a mega NTPC deal.
As of now market is trending directionless and only stock specific opportunities exist where operators and insiders are active and to harness that energy one can trade in stock specific calls or make use of the Daily Intraday Jackpot Call which is based on information of reliable sources who get paid by us. It is correctly said that quality comes at a price and for getting good tips we have also rewarded our sources handsomely. Their is no harm in paying to get good advice else one will lose his capital also. BSE advance-decline ratio stood at 1.6:1 and thus things are rosy for Nifty and it is in uptrend.
Globally things appear to be bit improving in terms of actions being undertaken to control unemployment number and not to forget the action of Chinese currency move is very positive for financial markets. Now we are going to see markets looking up to the Federal Reserve announcement on interest rates and economy and data on consumer confidence, mortgage application and new home sales.
Analysis of derivative segment data suggests that buying is going to emerge at lower levels and Nifty 5288 level is going to provide a good support. Further we analyze the option data and find that implied
volatility has remained almost flat and this has happened on a highly volatile day and thus we are going to see continuous uncertainty in market till expiry thing gets over & people can again heave a sigh of relief and we again see some momentum coming whether it is from bull end or bear end as now both are in a stalemate and trying to outwit each other.
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Well I really feel bad whenever I visit abroad and people still carry an image of India as a snake charmers land and thus we will have to work hard and honestly to put the country first always and every time in our actions and for that we have to use the right to information tool effectively. Do not forget to use the same against any culprit or govt official indulging in corruption because if serpent of corruption is removed we all are set to rule the world. Are you ready for it?
Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5288-5265 | 5393-5417 |
| Sensex | 17650 | 18356 |
| Stock | Profit (Rs) |
| Tip | 1455 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 33560 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 44765 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Dish TV, RCOM, Voltas, Orchid Chem, BRFL, IOB, RNRL, MTNL, Rel Capital & Tata Tea.
Weak future stocks at Bombay Stock Exchange
Grasim, Patni, Mphasis, Petronet, DCHL, Pir Health, Chennai Petro, Tulip, NTPC & HCL Tech.
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