Market is giving surprises as technically charts are showing a down trend and on the contrary price is showing an uptrend and same is also corroborated by options data; however it is aptly said that one should not fight the trend and best thing is to go with the trend with a stop loss of Nifty 5299.Telecom stocks were on fire after a foreign brokerage upgrade their ratings citing improved environment.
Thus if one really wants to make money daily in market than one has to just make sure that one trade less and make accurate trading with reliable tips and for that your best bet is sure shot tip which will help you to make daily gains in the market as each successful trade gives boost to confidence and enhances intuition power related to the stocks. Going is good as indicated by BSE advance-decline ratio which stood at 1.2:1.
Analysis of derivative segment data suggests that 9.40 lakh shares have been added in the open interest with decrease in the cost of carry and it suggests that short positions are building at higher levels. Analysis of option front suggests that IV (implied volatility) has decreased marginally and it shows that market is likely to will trade with a positive bias.
Well the cartoon amply demonstrates that laws in India are very loopy and we just need to have a few simple guidelines for income tax or as a matter of fact for any other investing guidelines so that one is not lost in the fine print as given in the IPO prospectus.
Income tax saving guys have a sigh of relief as now one can invest up to Rs 20,000 over and above the given limit and for that notification has been issued which states that new infrastructure Bonds issued by LIC,IFCI,IDFC and other NBFC classified as infrastructure company and approved by RBI are covered u/s 80 CCF of Income tax Act for income tax exemption for income up to Rs.20,000 in a financial year. An Individual and HUF can make use of these infrastructure Bonds. Point to note is that the tenure of the Bonds is 10 Years in which we have a Lock in period of 5 years and an investor has an option to withdraw after 5 years from the bonds. Permanent account Number is a must to apply for these bonds.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5300 | 5378-5393-5417-5500 |
| Sensex | 17660 | 17933-18356 |
| Stock | Profit (Rs) |
| Tip | 1560 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 28760 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 46680 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Hind Petro, Idea, BPCL, Bharat Forg, Bharti Airtel, MRPL, Orchid Chem, Aban Off shore, GTL & Pantaloon Retail.
Weak future stocks at Bombay Stock Exchange
RNRL, TV-18, Patni, Sterling Biotech, ACC, Ambuja Cement, KS Oils, GT Offshore, Sesa Goa & Power Grid
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