As of the present technical check of the market suggests that Nifty has gone in a downward mode and one has to be careful now as imp support level for Nifty has been breached on the downwards. keep an eye on Nifty breaking 5930 levels which will confirm the downward correction in shorter time frame. However as a word of caution do not blindly short the market as a dead cat bounce is not rules out. Do keep an eye on Reliance movement as it is going to provide the next trigger for the movement of Nifty and Sensex in positive direction. Not to worry long term trend of market is Nifty 6800-7500 levels. 6000 Nifty level is going to act as a psychological barrier. However to make daily money from Indian stock markets one can trade with closed eyes with risk free bseindia tips and make money like professionals everyday.
Global Markets Scenario and Trading Tips
Globally gold has emerged as a risk free asset and Indian 
and Chinese demand is rising which has been corroborated by world gold council gold demand data. US is on the right track as Warren Buffett has praised U.S. bailout efforts. India has to be cautious on its financial path as Goldman estimates the current account deficit for our country to widen to 4 per cent of GDP in current fiscal year and further to 4.3 per cent in 2011/12, its highest-ever level. However JPMorgan is having a different view on the issue. Investors worldwide worries led to stock markets tumbling last trading day due to renewed worries related to speculation on China hiking interest rates this week and after top level meetings in Europe failed to produce a clear solution to tackle Ireland's debt crisis. China worry is to be taken seriously as Chinese Premier Wen Jiabao has stated that his government was preparing steps to tame price rises and it means that China will intensify tightening policies. There is talk that it may do so as soon as Friday. To make it amply clear one can say that China wants to send a message to everybody that this time they are serious in fighting inflation, reducing excess liquidity and controlling speculative inflows and this comes straight from the horses mouth namely Danny Yan, who helps manage more than $400 million at Tai Fook Asset Management.
Derivative Segment future Prediction
Analysis of derivative segment data suggests that 4.15 lakh shares were added in open interest with a significant decrease in the cost of carry, indicating a short build up at higher levels. On the options front, implied volatility increased marginally, indicating uncertainty will continue to persist.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5930-5897 | 6111 |
| Sensex | 19786-19596 | 20320 |
| Stock | Profit (Rs) |
| Tip | 1330 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 32450 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 45665 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Syndicate Bank, Alok Ind, ABG Shipping, Lupin, Bata India, Uco Bank, Rolta, Canara Bank, Dish TV & Sun Pharma.
Weak future stocks at Bombay Stock Exchange
Weak futures: Unitech, Orbit Corp, Jindal SWHL, OnMobile, Ispat Ind, IVRCL Infra, FSL, DLF, Polaris & Apollo Tyre.
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