Not much change has occurred in the technical aspect of NSE and BSE and that is the reason Nifty 5400 is a strong support and if this level is broken, than we will see level of 5350 which again is a good support in the market. Check out India top stocks and make money like a true professional and remember that people have made money by trading accurately as 80:20 percent rule applies in stock market where 80% of profit comes from 20% of trades and 20% of profit comes from 890% of trades. Thus concentrate on 20% of trades which can be found with us and make 80% of your profit without any tension in life.
Make sure that one respects the market and do not fight the trend and like all good things bull markets also end and thus at the very first indication one should be ready to exit. The good indication to know whether market is turning around or not is to follow the Baltic dry index which is related to shipping cargo movement.
Analysis of derivative segment data suggests that buying is going to emerge at lower levels and Nifty 5300 level is going to provide a good support. Bulls and bears are trying to regain strength in a close tussle in mkt, however off late market is showing a sideways movement. However historically first month of a quarter has always brought cheer in market and it needs to be seen whether good days are about to end as first month of quarter is over.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5400-5350 | 5493 |
Sensex | 18000-17650 | 18356 |
Stock | Profit (Rs) |
Tip | 1655 (Rs 50,000 Trading) |
Share | Gains (Rs) |
Tips | 35560 |
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 48765 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
strong future: Petronet, Allahabad Bank, Bank Of India, Orient Bank, Idea, UCO Bank, Vijaya Bank, Bharti Airtel, HCC & Hind Zinc. A
Weak future stocks at Bombay Stock Exchange
RNRL, TV-18, Patni, EKC, R Power, Maruti, RCOM, Finance Tech, FSL & ABB.
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