The rally appears to be fizzling out as volumes are not supporting the fact that continued up move can be maintained in Nifty and Sensex. In such state of market one must make sure to enter in stocks which are available at fair valuations and such opportunities do exist in mid cap and large cap segments. In coming few days we may see consolidation in Nifty in range of 5700-6036. Nifty is as of now in an indecisive state due to continuous Doji formation in Nifty and same can be seen in Nifty chart. To make it simple for readers doji is a candlestick formation when open and close in index or stocks is same or nearly same and it shows the ongoing tussle going in between the bulls and bears. Keep watch on Infosys and Essar Oil which will declare their Q4 numbers in the coming week and it may decide the trend of the market in the coming week. Nifty still remains in Uptrend on intraday basis. Thus to make continuous money daily in market, one should trade in best stock tips for 2011 which are tested against reliable and accurate inputs and thereafter tested for technical analysis to get the best of the both worlds for the traders and investors. The bears are likely to be in control in coming week as holidays are going to make the week shorter and same is also corroborated by FII (Foreign Institutional Investor) investments data which have slowed in the past few sessions as FIIs were net buyers of Rs 221 crore while DIIs were net sellers of Rs 213 crore in the equity market and this data is courtesy is Bombay stock exchange. The bearish trend is also confirmed by market breadth which is negative as out of the total 2999 stocks traded on the BSE, 1947 stocks have declined while 1002 advanced. One may see a few shockers in this quarter in form of earnings not being in line with market expectations and another CRR hike by RBI. Moreover crude is also hovering at high levels and crude oil is going to cost us dear as every $10 increase in oil prices, GDP growth will drop around 0.5% and this is going to directly impact a lot of margins across industry.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5717 | 5870-5956 |
| Sensex | 19040 | 19550-19842 |
| Stock | Profit (Rs) |
| Tip | 1130 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 28670 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 43490 |
Strong future shares at National stock exchange
Suzlon, Essar Oil, IVRCL Infra, MRPL, Chennai Petro, Praj Ind, Patel Eng, Aban, TTML & Chamble Fert.
Weak future stocks at NSE
National Alum, Aurobindo Pharma, Sterling Bio, Mphasis, Pir Health, Cesc, Cairn, Zeel, Hindalco & Hind Uni Lever.
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