As we can see in Nifty chart market has given a breakout and thus probability is very high where we may have Diwali with 5000-5150 Nifty levels. Sensex support exists at 16030 with resistance at 16248-16404. NSE Nifty support exists at 4780 with resistance at 4856-4903. Remember that each high will see profit booking as people who are holding to their loss making propositions want to exit at slightest of the profits and this mentality is with every average retail trader. Market breadth is positive with an advance-decline ratio of 3.81:1 on the BSE. Out of the 2,885 stocks traded, 2,243 advanced, 588 declined, 53 remained unchanged. market will be carried to new heights by Reliance dominated scrips.
Indian Share Tips make Money: Results for 08 Sep
Reliance capital gains for the day were Rs 790, ICICI bank gains from recommendation was Rs 1650, Reliance cap gains were Rs 790, PNB gains were Rs 730, ONGC made money Rs 700, Bharti made money Rs 560 for every 100 shares traded as per the given tip at BSE and NSE.
Gold Update
Gold has touched $ 1000/ounce mark again for the first time since March 2008 and as a hedging strategy one can keep 10% of the investment in the gold as countries are mindlessly printing money and thus gold is the safest bet in this recession period.
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