As we have suggested one need not worry till the time Nifty is able to sustain itself above the level of 6000 and now all eyes will be on the expiry day as the date with history is nearing and will provide the further direction to market. If we analyse the day gone by e find that Sensex rose to a high of 20,452 before paring its gains and ending up 137 points or 0.68% at 20,303, with 23 of its components edging higher. Likewise, with investors booking profits at higher levels, the broader Nifty ended off the day's high at 6,106, up 40 points or 0.66%, while the BSE mid-cap and small-cap indexes rose 0.77% and 0.95%, respectively.BSE advance-decline ratio stood at 1.4:1. India's exports rose by 23.2% year-over-year to $18.02 billion in September this fiscal, while imports grew at a faster pace, leaving a trade deficit of $9.2 billion for the month,Sentiment also received a mild boost after the dollar edged lower against major counterparts, boosting demand for commodities such as oil and gold, ahead of a speech by U.S. Federal Reserve chairman Ben Bernanke, where he may outline details of a second round of quantitative easing. Similarly European markets were trading higher by about half a percent, supported by commodity stocks as the dollar weakened after G20 finance ministers agreed to avoid competitive currency devaluations.
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Just remember that these sales are a gimmick to get you the junk stuff off the shelves and same is given on those stuffs which is not getting sold. Preferably do not buy shoes in sales as they are generally so old that by the time they get into your hand its solution binding substance starts giving out. If you still insists for a shoe sale than make sure that you go for a product which has been manufactured recently preferably in six months.
Analysis of derivative segment data suggests that 17.40 lakh shares were added in open interest with a significant increase in the cost of carry, indicating long accumulation. On the options front, the implied volatility increased marginally, indicating that the market will remain volatile on account of the expiry of the October series futures & options contracts, scheduled ahead this week.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 6000-5930 | 6160-6200 |
| Sensex | 19770 | 20500 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1545 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 34470 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 46980 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
ABG Ship, Orchid Chem, Canara Bank, Vijaya Bank, United Phosphorous, Federal Bank, MLL, TCS, KS Oils & Bhushan Steel.
Weak future stocks at Bombay Stock Exchange
GMR Infra, Ispat Ind, Wipro, Finan Tech, Pir Health, Praj Ind, Apollo Tyre, JSW Steel, Welcorp & BRFL.
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