One has to enter in the market to make money and words by Albert Einstein will be more than sufficient to inspire you for the same. It is necessary to test the water before arriving at the conclusion. So if you are ready to take a plunge than do remember to check out the market tips which holds key to your success.
The daily trend of nifty is in down for the shorter time period, however for the longer time frame the trend is up and thus one can always make money as a long term trader as time always act in the favour of an investor or trader. Do not lose heart as market will not break till the time Nifty 6000 level is not broken continously for 3 consecutive days. Analysis of derivative segment data suggests that 7.65 lakh shares got reduced in open interest with a significant decrease in the cost of carry, indicating squaring up of long positions. On the options front, the implied volatility decreased marginally with profit taking coming in in 6000-6100 strike puts, indicating that the level of 6000 for the Nifty on a closing basis is a crucial level.
Results suggest that TCS is going great guns and Wipro is showing poor performance and thus on the shorter term time frame one can exit of Wipro. BSE advance-decline ratio stood at 1:1.1.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 6000-5930 | 6160-6200 |
Sensex | 19770 | 20500 |
Stock | Profit (Rs) |
Tip | 1685 (Rs 50,000 Trading) |
Intraday Trading Tips
Share | Gains (Rs) |
Tips | 35760 |
Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 49780 |
DLF, Bharat Forg, Educomp, Orchid Chem, Titan, Polaris, Tata Comm, Sintex, Patni & Tulip.
Weak future stocks at Bombay Stock Exchange
GMR Infra, Finan Tech, Apollo Tyre, TV-18, IVRCL Infra, Praj Ind, Welcorp, Ispat Ind, JSW Steel & Orbit Corp.
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