Sensex has support at 16030-15950 with resistance at 16404-16586. Nifty support exists at 4785-4780-4755-4730-4715 with resistance at 4840-4903-4975-5014. Not to worry as market is consolidating for the time being to take on new heights. One can have a look at Sensex and Nifty support and resistances here. Only cause of the concern is the advance and decline ratio which has been declining continously for past 5 days.The chart is as enclosed below.
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Heights of Optimism (we can believe it)
Elliot wave has projected a target of 1,00,000 for Sensex in 15 Years.
Profit from BSE NSE Tips for Day Trading Subscribers
Punjab National bank profit is Rs 1900, Hind Zinc made money Rs 1200, DLF sell recommendation genearted Rs 250, Vijaya bank gains were Rs 135 and Indian overseas bank was the star tip with profit of Rs 600 for every 100 shares traded as per the given tip. Balance of the stock tips did not reach the entry price and thus those tips were not traded.
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Advise
As a request please do not trade yourself seeing these stocks mentioned here as it may happen that one day a stock has uptrend and other day same stock may have down trend and thus do not burn your hands unnecesarily by trading without an expert advice.
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