Hot tips to be a successful day trader : 09 May

As we had stated by virtue of our Fibonacci trend analysis on last Thursday that a likely change in trend is going to take place on Friday and same was correctly predicted with change of trend occurring in shorter time frame on Friday. You can read about share market tips and tricks which had led us to announce our special strategy by virtue of which we had arrived at a decision that trend reversal is going to take place on Friday. Snapping its longest 9-day losing spell in about a decade, the BSE Sensex spurted over 308 points on Friday to close at 18,518, as investors bought stocks at lower levels amid falling crude oil and other commodity prices. The rise can be attributed as a dead cat bounce or can be also attributed to easing world commodity prices coupled with reduced inflation concerns which led to a positive sentiment in the market.

However market is not out of woods as daily trend of nifty is still in downward direction. However one can go long if Nifty sustains above 5511 level with conviction. Die hard day traders are making money with day trading tips as it performs irrespective of the condition in the market.

Commodity Tips

The Standard and Poor’s GSCI index of 24 commodities fell the most since January 2009. Base metal stocks declined on Friday in reaction to overnight meltdown on the LME. Hindustan Zinc, Sterlite Industries, Hindalco and Hindustan Copper closed losers. Gold and silver prices regained some of the lost ground at the domestic bullion market here on Saturday on the back of fresh buying emerging at lower levels.

Investor interest this year has been more in gold on the eve of ‘Akshaya Tritiya', as Gold ETFs touched level of Rs 179 crore on Thursday. This trend was not visible in the run up to this auspicious day last year. The increased interest can be attributed to the increased investor awareness in Gold ETFs this year as National stock exchange and Bombay Stock Exchange (BSE) had kept their trading platforms open till 9 p.m. The total traded volume at both the exchanges stood at about Rs 500 crore. Some softening in spot prices of gold also helped pick in demand which was double than last year. Thus it is an ideal bet to invest in gold ETFs as a systematic investment plan instead of holding the gold in physical form.

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Support and Resistances for the Day

Indices	Support	Resistance
Nifty	5500	5623-5635
Sensex	18250	18748

Jackpot Tip Profit

Stock	Profit (Rs)
Tip	2740 (Rs 50,000 Trading)

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Intraday Trading Tips

Share	Gains (Rs)
Tips	41970

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Future and Options Daily Paid Tips

NSE Nifty 50 Stocks	Made Money (Rs)
Tipz	68680

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Strong future shares at National stock exchange

Sintex Ind, Hind Petro, ABB, BPCL, DCB, Indain Oil, Glaxo, Hero Honda, Exide Ind & Bata India.

Weak future stocks  at NSE

HDIL, IRB, GT Off Shore, RCOM, LITL, Patni, SRE Infra, Rel Media, GVKPIL & Unitech.

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