One need to keep the levels of 5200-5150 under surveillance which has the potential to change the trend in the market. Breaking of 5150 on the lower side indicates start of down trend, however confirmation will be given if market breaks level of 5080. If Nifty closes below 5080, than it means that downtrend is about to commence. If market breaks Nifty level of 5200 on upside, than it again faces resistance at 5240 and any breakout above that level means the uptrend will again commence in the market. Now US market holds the key as US markets will be now acting according to the forthcoming Import price index and Jobless claims data.
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Support and Resistances
Indices | Support | Resistance |
Nifty | 5150-5095 | 5205-5241 |
Sensex | 17200-17030-16950 | 17350-17390-17461 |
Stock | Profit (Rs) |
Tip | 3275 (Rs 50,000 Trading) |
Intraday Trading Tips
Share | Gains (Rs) |
Tips | 31540 |
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 45630 |
NSE strong futures
Ashok Ley, Glaxo, EKC, India Hotel, Andhra Bank, Lic house, Titan, Uniphos, PFC & ICSA.
NSE Weak futures
Idea, Bharti Airtel, Aban Off shore, ABB, Renuka, RCom, Educomp, Bajaj Hind, Balrampur Chini & Punj Lloyd.
Financial Newsletter
PSU banks fail to achieve 18% farm lending target.
We are moving towards full rupee float: RBI.
Tax-saving deposit scheme to fund loans to students, educational institutions.
India will export sugar in 2010/11 – govt.
Venezuela keen to set up refineries with Indian cos.
Great Eastern Shipping unit plans $80-$100 mln IPO.
Gold steadies, poised for new record highs.
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