Reliance results euphoria has died down and it has led to profit booking at higher levels and now market is trading with a bearish undertone and one can short Nifty once it breaks the level of 5000 and we seen Nifty finding support at the levels of 4950. However Nifty will shoot in positive territory above 5065 level. So keep these given levels in mind to make money.
In coming days we see Nifty moving in a broad range of 4700-5200-5320 and we see maximum peak in any short term rally at 5320 levels. Thus make use of accurate news related to hot stocks to buy for the day and make money as one benefits from intraday volatility as higher is the volatility more is the profit.
Derivative Market Analysis
The analysis of derivatives data suggest that Nifty is showing a bearish tone and traders are expecting Nifty to find support at 4900 and a strong support is seen at 4800 level. We have arrived at the analysis for the strong support of 4800 by virtue of studying the data related to open interest (OI) build-up in the 4,800-strike call and put options. Today, the pounding metted to the IT counters in wake of the not-so-enthusing results from the TCS and HCL Tech counters has only exacerbated matters. The overall market breadth was extremely negative as 1,764 stocks declined while 977 stocks advanced.
Global Financial Markets Health Update
Ban Ki-moon, UN Secretary General has correctly stated that Finance chiefs from the group of 20 rich and developing nations should listen to the people and come up with "actionable plans" to fix the problems. Business as usual, or just looking at their own internal economic issues, will not give any answers to a very serious international economic crisis. As a result Wall Street had suffered its worst loss in two weeks on Monday after comments.
Commodity Market – Gold and Silver Tips
The growth rate in China is very eagerly awaited as it shows the likely trend in commodity market and with report of China’s economy growth at the slowest pace in two years led to a fall in gold and silver prices. The matter was further escalated by virtue of Germany statement that European Union leaders might fail to provide a fast resolution to the region’s debt crisis.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 4950-4900-4800 | 5120-5175-5230 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 2330 (Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 27560 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 44590 |
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Strong future shares at National stock exchange
Patni, Tata Motors, Arvind, JP Power, Infy, Balrampur Ch, DLF, Sobha, Cairn & IDFC.
Weak future stocks at NSE
Pantaloon, Dhan Bank, Jain Irrigation, Rolta, Rel Capital, GT Offshore, Chambal Fert, Voltas, Jindal SWHL & SCI.
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