We have seen Nifty 4750 acting as a good support and thus we keep our fingers crossed and let the F&O expiry pass on coming Thursday as any break of 4750 means that we can see Nifty touching 4650-4600 levels. IV has shot up significantly and PCR ratio has cooled off indicating overall bias is negative in the market.
Despite recovery from support at 4750, the index appears to be bearish. However due to short covering, we may see a pullback till 4975- 5050. Thus undertake day trading only with best hot stocks for the day and avoid carrying positions home. Last trading day saw BSE market breadth as negative. Out of 2,861 stocks traded, 1,963 declined while 788 advanced
Derivative Market analysis
F&O is on 29 Sep 2011 and we see Nifty trading with a negative bias with range between 4930-4750 as open interest (OI) build-up at 4800-strike call and put options indicated strong support for the futures around 4800- 4750. One has to be cautious as Nifty breaking below 4800 level can take Nifty to 4600-4650 for September Expiry.
Commodity Tips
Meltdown in global markets saw gold in India suffer the steepest single day fall by plunging Rs 1,540 to Rs 25,800 per 10 gm. However do not worry as precious metal is the best investment in times of uncertainty.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 4751 | 4915-4964 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 2730 (Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 41970 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 68980 |
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Strong future shares at National stock exchange
Ruchi Soya, Bombay Dyeing, Arvind, Grasim, VIP Ind, Financial Tech, Gitanjali, ACC, Ambuja Cement & Titan
Weak future stocks at NSE
Nagar Fert, Pantaloon, GT Offshore, IVRCL Infra, SRE Infra, IFCI, MC Dowell, Fortis, Jain Irrigation & Ibrealest.
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