Just relax till the time the level of 5000 is maintained for Nifty; bulls will take Nifty to 5100-5200 levels but remember that upside is limited to Nifty 5300 level. A higher PCR OI on the writing side, suggest positive sentiments. In last 3 months PCR OI high is seen 1.47 levels, it faces resistance. As a net result we are going to see rally in select midcap or large cap which will be the star of the day netting the windfall gains and thus it makes sense to trade only in 100% sure stock tips and close the trade same day itself to avoid any global uncertainty. The current rally is likely to continue as traders have build-up long positions in 5,000-5,100-strike call options.
Positive re-assurances that Euro-zone countries France and Germany would stand by Greece in case of a default lifted European markets and in turn lifted the Asian markets and Indian market. Market breadth was positive with 1,546 stocks advanced for 1,235 stocks which declined on the BSE today.
Reserve Bank of India Credit Policy Update
Now all eyes are eagerly watching the RBI credit rating policy which is going to be hawkish as we had explained the same yesterday. Inflation worries are likely to dominate growth concerns in the near term and it will force RBI to hike rates by 25 bps on Friday.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 4960-5025-5040 | 5135-5150-5200 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 3230 (Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 48450 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 76880 |
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Strong future shares at National stock exchange
TVS Motor, Arvind, Sterling Bio, VIP Ind, Ambuja Cement, Delta Corp, Max India, BGR Energy, Ruchi Soya & M&M.
Weak future stocks at NSE
Nagararjuna Fertilisers, Jet Airways, Tata Power, Pantaloon, Bajaj Hind, KFA, Moser Baer, GT Offshore, Welcorp & RPower.
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