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Nifty is trading sideways and the best part is that it has been able to kee itself above the level of 5179 which can be a crucial pointer for the downward trend commencement. Today weak opening was due to poor global cues and same is attributed to China tightening of its liquidity.
However the market saw a ray of hope in the last one hour of the trading day. The overall trend is bullish, however it encounters profit booking at every high level. However if the level of 5179 is gone than one has to be cautious as it starts spelling disaster for the market, however confirmation will occur if Nifty breaks the level of 5163.
To cut the long story short, correction is probably over and one can buy on the dips to make money from the share market of India. However do keep the supports of Nifty under close observation to understand the state of the market as ultimately market is supreme in its behaviour and one should not fight the trend. Do remember to subscribe for our
Delivery Calls as the prices are going to see sharp appreciation with in a matter of one or two days.
Indices
| Support
| Resistance
|
Sensex
| 17299-17000
| 17612-17667-17700
|
Nifty
| 5179-5163
| 5301-5400-5500
|
Jackpot Calls | Results
Stock
| Profit (Rs)
|
Tip
| 2450 (Rs 50,000 Trading)
|
Day Trading Tips | Analysis
Share
| Profit (Rs)
|
Tip1
| Trade not initiated.
|
Tip2
| 9200
|
Tip3
| 1090
|
Tip4
| 1000
|
Tip5
| Trade not initiated.
|
Tip6
| 250
|
Tip7
| 230
|
Tip8
| Trade not initiated.
|
F&O Market Tips | Results
Stock
| Profit (Rs)
|
Tip1
| Trade not initiated.
|
Tip2
| 18400
|
Tip3
| 14200
|
Tip4
| 1000 (cash segment tip was also given as a sure shot tip)
|