Profit booking is the order of the day as such exorbitant heights and patient investors can hold stocks for Nifty 7500 level. However it will take some time and thus do not be in a hurry. If Nifty breaks 6049 than one has to be careful and bullish part continues with Nifty crossing above the level of 6211. Do make use of the Sureshot Call which is your passport for success at BSE and NSE.
As stock market cartoon depicts the euphoric attitude of a trader and now the point of wisdom is that while performing day trading, none of your actions should let out the world know that whether you are making money or losing in the market. It is advised that you should not discuss your trades with anybody including your better half. However you can discuss the same with your mentor as one can always get the correct advise from them.
Just a quick update for derivative segment which suggests that 1.44 lakh shares were added in open interest with an increase in the cost of carry, indicating long accumulation in the second half at lower levels. On the options front, implied volatility decreased marginally, suggesting a positive bias for the market.BSE advance-decline ratio stood at 1:1.6.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 6025-6000 | 6211 |
Sensex | 20270 | 20500 |
Stock | Profit (Rs) |
Tip | 1560 (Rs 50,000 Trading) |
Share | Gains (Rs) |
Tips | 34890 |
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 48970 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Orchid Chemicals, Reliance Media, MLL, KFA, ABG Ship, IFCI, Bhushan Steel, Biocon, Hindalco & Sintex
Weak future stocks at Bombay Stock Exchange
Financial Technology, Nagar Cont, Idea, GVKPIL, GTL Infra, Asian Paint, United Phosphorus, Hind Petro, BPCL & TV-18.
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