One can for the time being avoid investment in Reliance Ambani group of industries and also keep away from realty stocks as Lic housing finance scam or so called bribery scandal has the potential to lead to a 10% correction in the market and thus Nifty 5500 levels appears achievable. Nifty 5750 figure needs to be monitored carefully to gauge the future of stock market for prediction purposes. The daily trend in respect of Nifty remains downward. For day trading purposes Pharma and select stock specific action may be seen in the coming days. Do check out nse tips and make money making a habit as one requires a correct and accurate guide and timely actionable info to make real money from the market.
It is no doubt that India's reputation as a place to do business has taken another hit due to top public sector bankers accepting bribes. Asian games have closed and we can use sports events more effectively for showcasing an Indian image as US president had rightly said that India is not emerging but has already emerged. As a country we can be proud of this statement and now athletes have done us proud by bagging 14 gold, 17 silver and 33 bronze medals i.e. a total of 64 medals. The biggest medal winners were China followed by South Korea and than Japan. Ireland is planning the financial rescue mission and next on the radar seems to be Portugal. Monica Bedi better watch out ! So just keep watch for the space.
Analysis of derivative information suggests that 9.35 lakh shares were reduced in open interest with a significant decrease in the cost of carry, indicating profit booking taking place at higher levels. On the options front, implied volatility increased marginally, indicating that the market will remain volatile going forward.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5725-5640 | 5850-5900 |
| Sensex | 19076 | 19340-19465 |
| Stock | Profit (Rs) |
| Tip | 1940(Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 38560 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 54765 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
TVS Motor, Lupin, Dr Reddy, GE Shipping, Hero Honda, Bajaj Auto, Hexaware, Crompton Greave, Bharti Artl & Petronet.
Weak future stocks at Bombay Stock Exchange
Hind Const, India Info, LIC Housing, Ibrealest, HDIL, Unitech, Jindal SWHL, BGR Energy, Finan Tech & DCHL.
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