It is aptly said that market is supreme and people are waiting with bated breath to see some down trend in market and instead same is moving like a slow train chugging past all the resistances. Now we can lift the support to Nifty 5425 whose breach needs to be monitored and it will be an early sign for the trend reversal. Also keep an eye on US jobless claims data which will give a new direction to global markets. As of now at Indian front; BSE advance-decline ratio stood at 1.1:1.
We take an opportunity to salute the iconic man Mr Ratan Tata who has decided to find a successor for him to pave way for the younger blood. No doubt Tata's have always risen higher after every fall and Tata Nano is a case in point where Ratan Tata Kept to his promise and delivered in the segment where people feared to tread. We can call him the most ethical businessman which India can ever produce; as he has increased the reputation of India abroad by virtue of his vision. It requires a lot of courage to make a statement like this that his successor need not come from within the family and this example needs to be followed by all business houses of India. Following his footprints we are providing the most ethical, honest and transparent online trading tips which has helped people make daily money and daily profit is acting as their additional money which they can afford to spend without worrying for monthly expenses.
Analysis of derivative segment data suggests that more than four Lakh and Eighty thousand shares have been added in open interest and same is with increase in the cost of carry and it shows that long accumulation is occurring at lower levels. Further in-depth study of option front data shows that IV (implied volatility) has shown some up tick and this has happened after continues decline and it shows that market will continue to remain uncertain.
I am glad that India is taking a tough stance against Research in motion i.e. RIM responsible for blackberry and access and they should have no problem in sharing the data with legally constituted govt of all the countries.It is good that we are now united as Lebanon has also joined India, Saudi Arabia and the UAE in raising concerns over security.
Click Here to Get Free Stock Market Tips in EmailSupport and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5425-5350 | 5493-5511 |
| Sensex | 18100 | 18356 |
| Stock | Profit (Rs) |
| Tip | 1945 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 38760 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 49765 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Petronet, Idea, Allahabad Bank, Bank Of India, UCO Bank, Orient Bank, HCC, IOB, Vijaya Bank & Bajaj Auto.
Weak future stocks at Bombay Stock Exchange
RNRL, Punj Lloyd, EKC, TV-18, Patni, Maruti, ABB, R Power, Finance Tech & JP Associates.Click Here to Get Free Future and Option Tips in Email
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