Indian market is again moving on news of decent Q4 March 2011 earnings and reports of higher advance tax payments and firm Asian markets have helped our market to commence its up move. Life keeps going and that is the reason Japanese index, Nikkei gained more than 5 percent recovering hefty losses incurred in last two sessions. This only shows the spirit of life in the Japanese. Indian economy can only suffer in case USD 8-10 billion which is Japanese money in foreign institutional investor (FII) segment may move out in wake of Japan crisis. Opportunity always lies in a difficult circumstances and one has to just recognise the same and act without any prejudice. Remember that there are always opportunities through which businessmen can profit handsomely if they will only recognize and seize them. Thus to get the the risk free return, just use the daily best stock tips and make money making a daily habit in the market. Buying was seen in banking counters ahead of credit policy announcement and the sector was among lead gainers in today's trade.The daily trend of nifty has changed to Up trend and will remain so till the level of Nifty 5300 is not breached on the lower side. On the higher side a good move will be seen in Nifty as and when Nifty crosses the level of 5621 with volume. Market will be waiting with bated breath for RBI announcement and we are going to see a 25 basis points hike in the market.
Overall today market breadth was positive with1808 advances against 1063 declines. Negative circumstances always appear in life and remember that there is a solution for everything and we feel bad that a close aide of jailed former telecom minister A Raja, Sadiq Batcha committed suicide on Wednesday in his Chennai home. However one can not rule out foul play. Suicide is no alternative for running from materialistic things in the market and one should not get into any action which can lead to a person losing sleep.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5450-5300 | 5530-5620 |
Sensex | 18200-17735 | 18500-18752 |
Stock | Profit (Rs) |
Tip | 1350 (Rs 50,000 Trading) |
Share | Gains (Rs) |
Tips | 30960 |
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 45870 |
Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
Reliance, Apollo Tyre, Mcleod Russel, Welcorp, MRF, Escorts, Bhushan steel, Tech Mahindra, Reliance & TVS Motors.
Weak future stocks at NSE
Mphasis, Patel Eng, Areva, S Kumar, Educomp, Renuka, Punjlloyd, PTC, LITL & Sesa Goa.
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