Market will be happy to listen to this share market news that Indian govt kitty has swelled by 18 per cent to around Rs 3 lakh crore from direct taxes till the mid of this month in the current fiscal, and same is driven by robust corporate tax payments, including from advance tax. This is a definite reason for cheers as it may act as a fresh driver for taking the Nfty to higher levels. One needs to see if Nifty is able to ross the levels of 6075 which will be a clear signal for marching uptrend and break of 5830 is a clear signal for a fresh crash in offing. Presently market is trading with sideways to positive bias. Reliance is likely to take Nifty this time to next level as stock is showing good positive hot movement. There is always ifs and buts in the path of success and see we are now waiting for the future expiry which in correct terms will give a correct cue to likely prevailing trend in the market. Thus if you want to have risk free stock tips than do take a weekly trial for nse sharetips which has the potential to change your fortunes and may even pave your way towards flaunting your wealth as a rich man or woman of India. So, Why wait; when so many traders are benefitting from it every day.
Derivative Segment future Prediction Analysis of derivative segment data suggests that 11.60 lakh shares got added in open interest with a decrease in the cost of carry, indicating fresh short positions continued to build above 5950 levels. On the options front implied volatility increased by 200-400 basis points indicating uncertainty will continue to persist at higher levels.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5900 | 5995-6050 |
Sensex | 19700 | 20217 |
Stock | Profit (Rs) |
Tip | 1470 (Rs 50,000 Trading) |
Share | Gains (Rs) |
Tips | 36450 |
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 49765 |
Ispat Ind, Hexaware, Core Protect, Hero Honda, Polaris, TCS, Wipro, Mphasis, Infosys & HCL Tech.
Weak future stocks at NSE
India Info, Welcorp, Ibrealest, LIC Housing, Escorts, Indus Ind Bank, SCI, Uco Bank, HDIL & Jindal SWHL.
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