NSEIndia | BSEIndia | Intraday Trading Tips | Trading Tips for Tomorrow
Volatility is good and a lot is going to happen by virtue of rail budget on 24 Feb followed by economic survey on 25th and budget on 26 Feb 2010 and last but not least is the F&O expiry. Thus the week is an action packed and expert traders can make a lot of money by virtue of prevailing whipsaws in the market. Keep an eye on the level of Nifty magic level of 4799 which if broken, than be ready for a crash or a substantial fall in the market. Technically market is trading with a negative bias and at the most it can be range bound. This trend will only change once NSENifty starts trading above the level of 4950. We are providing
multibaggertips for the traders to make money in the present week. We suggest small investors and traders to do their own research before investing their hard earned money. Always remember that self analysis is very important. Or subscribe to
trading tips which are going to yield huge gains for the traders. Keep the followng supports and resistances as suggested for NSENifty and BSESensex under watch as the same can be an early warning signal for the likely prevailing direction in the market. Budget 2010 may not be going to make tax payers happy as at most an additional rebate of Rs 10000 is expected. However good news is that India may see GDP growth of 7.2% for FY09-10 and a growth of 8% for FY10-11 and 9% for FY11-12, and these stats are from the reliable source i.e. Dr C Rangarajan who is Chairman of the PM's Economic Advisory Council.
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Indices | Support | Resistance |
Nifty | 4799 | 4918-4975-4993 |
Sensex | 15999 | 16575 |
Dow | 9800-9900 | 10400 |
Last week US Fed raised discount rates by 25 bps that saw a selloff in global markets. Globally keep an eye on Dow as it is an early indicator for the direction of market in the developing countries. Dollar is again gaining its lost glory and IMF is out to offload some of its gold reserves which will keep the gold prices stable for some time.Do remember to check out Warren Buffett PPT to become the most successful traders in any trading market.
Greece Bailout from Financial Fiasco Update
Greece is not looking for bailout and same has been corroborated by Greek PM George Papandreou who has stated that Greece is not looking for a bailout from the EU to help it cut its debt levels effectively. He says that Greece borrowing needs are covered until mid-March
Jackpot Share Tip
We had a great day as the tips given yielded a profit of Rs 2140 by virtue of day trading.
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Day Trading Tips
Intraday NSE and BSE yielded a profit of Rs 8730 by virtue of trading in the given stock tips for 100 shares.
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F&O Shares Tips Analysis
The gains are phenomenal in this segment and a neat gains in the mkt made were Rs 18230 by trading one lot each of the recommended stocks in the market.
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Indian IPO Blog
United Bank of India IPO is going to open from Tuesday, 23 February 2010 and we suggest you to avoid this IPO. It is one of the 14 major banks which were nationalised in 1969.
Good News
UK is likely to take actions to woo India and China for investment and same is straight from the horses mouth i.e. Lord Davies
Job Poaching
Barclays grabbed talent in crisis – LinkedIndotcom allegation.
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Strong future
Titan, Axis Bank, Glaxo, Orchid Chem, Indusind Bank, Siemens, Chennai Petro, McDowell-N, BEL & Bajaj Auto
Weak futures: Bajaj Hind, DLF, Balrampur Chini, ICSA, Praj Ind, Renuka, Suzlon, Bharti Airtel, Recltd & EKC.