The Indian share market is showing signs of optimism and same is attributable to positive global cues and a return of risk appetite in the financial markets as volatility index is again coming back to normal and it means that investor confidence is again coming back. The another reasons which have led to decrease in volatility index is stronger euro coupled with recovery in commodity prices . It is a reason of rejoice as benchmark 30-share BSE Sensex has closed up 273 points or 1.60% at an one-month high of 17,338, while the 50-share S&P Nifty rose by 78 points or 1.53% to 5,198. Now mkt is at a state where it is showing positive signals and profit booking is not ruled out and as a net result one has to definitely move with a strict stop loss unless one is trading with our hot stock tips where there is no requirement of stop loss and one can trade without any tension and make daily money in market like pros. As a free advise do keep a diary and maintain a record of your trades and go through it once a while as it gives an introspection that where one has gone wrong and one can improve on those mistakes.
Analysis of traded futures and options data suggest that buying will emerge at lower levels and thus one can keep psychological support of Nifty 5000 under observation which will confirm change in trend if broken. Till than the trend is up and one can keep on minting money and same can be done by using the intraday trading or by holding stocks for a few days as given under swing trading calls. The below cartoon amply demonstrates that Indian share market or rather developing markets are moving to a great extent as per the global markets direction and thus one has to keep an eye on SGX Singapore Nifty to avoid getting caught unaware.
Click Here to Get Free Stock Market Tips in Email
Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5150-5100 | 5220-5234-5250 |
Sensex | 17150-17000 | 17393-17441 |
Stock | Profit (Rs) |
Tip | 1450 (Rs 50,000 Trading) |
Intraday Trading Tips
Share | Gains (Rs) |
Tips | 27770 |
Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 39245 |
Click Here to Subscribe for Hot NSE Future and Option Tips
Strong future shares at National stock exchange
RNRL, RCOM, Dish TV, Nagarjuna Const, TV-18, R Power, BRFL, Rel Infra, UCO Bank & Rel Capital. Weak future stocks at Dallal Street
Aban Off shore, Grasim, Punj Lloyd, Suzlon, MTNL, KS Oils, DLF, MLL, Tata Steel & India Info.
Click Here to Get Free Future and Option Tips in Email
If you like our post than do not forget to refer our Nifty Trading site to your friends and colleagues.
You can find more info related to following keywords on our website.Best Indian stock market site, trading tips India, Indian stock market, Indian share market news, online share trading in India, free shares, day trading tips, share trading India