Nifty will show positive movement only once it start trading above the level of 5800 as it is a stiff resistance for Nifty and at the lower side market if falls can bounce back from the level of 5680 which is a psychological support. To ensure that one has a risk free trading, one can go for hot stocks to buy for the day which have a high degree of reliability and accuracy. The point here to note is that FIIs have started sellingrate sensitive stocks like banking, infrastructure and automobile stocks and are getting into defensive sectors like pharma and FMCG sector. Bank Nifty faces resistance at 11835 and support at 11355.As we see market will be trading with negative bias as RBI is expected to hike policy rates by 25 basis points to tame the inflation and as we see last Friday market breadth was negative with 1,960 declines against 940 advances. In the month we will see correct trend emerging in the market as presently Nifty is struck in a range between 5900-5700 and we may see some confirmation once either commodity prices and oil prices cools or start going Northwards. In Forex market we can keep an eye on rupee which if it trades Northwards we may see a positive move in market and if US markets starts going southwards, we may see a fall in the market.
On the political front without any doubt we can say that Prime Minister and Finance Minister have failed in their performance as custodians of the nation and they have led to a huge loss to the exchequer. Last but not least without any doubt we can say that they have not not done their constitutional duty and have become a party to this scam."
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5747-5724-5700-5683-5600 | 5820 |
| Sensex | 19120-18935 | 19225 |
| Stock | Profit (Rs) |
| Tip | 1230 (Rs 50,000 Trading) |
Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 20650 |
Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 42690 |
Strong future shares at National stock exchange
DCB, 3I Infotech, S Kumars, Alok Industries, Exide Ind, Asian Paints, Opto Circuit, Bata India, Lupin & HCL Technologies.
Weak future stocks at NSE
IRB, Orbit Corp, Unitech, HDIL, Patni, GVKPIL, DLF, Uco Bank, Oriental Bank & ALBK.
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