Intraday Tips Provider : Free Nifty Analysis : 23 June

Nifty has to counter the resistance at 5350 to be able to embark in positive direction else Nifty touches 5100 level. Greek Prime Minister George Papandreou's cabinet had won a vote of confidence in what marks a first step towards a resolution of Greece's debt crisis, but outlook remains bleak. Thus globally also we are going to see a lackluster markets. Only either day traders can benefit by trading in specific sure stock tips or people who have a patience to hold stocks by going in for swing calls as a number of value opportunities are available to be exploited. Only solace for Nifty is that it is again back with in Bollinger band and this may remain so till expiry.

However negative news can not be negated as it has been reported that we may see below normal monsoon and it means a possible economic slowdown. India Meteorological Department (IMD) prediction that the southwest monsoons will be 95% of the long-period average, less than April forecast of 98% and just short of the 96-104% range that the IMD considers normal. However all is not lost as even Rakesh Jhunjhunwala feels that market is not going to fall below 4900. Volumes are low and thus there is lot of volatility and market is close to bottoming out. Market breadth was in favour of declines - about 375 shares advanced as against 921 shares declined on National Stock Exchange. Analysis of derivative data suggests that there is more interest in buying puts rather than selling calls, indicating continuation of the downtrend and Nifty has to hold 5170 level else we see new lows. The outlook 5 will be week for tomorrow, if Nifty 5266 level is not held tomorrow.

New IPO listing

Timbor Home closed at Rs 91.20, a premium of 44.76% over issue price of Rs 63 a share. It has seen huge volume. However invest in IPOs with caution as the companies have not been tested against time in front of Public.

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Support and Resistances for the Day

Indices	Support	Resistance
Nifty	5170-5100	5350
Sensex	17230	17810

Jackpot Tip Profit

Stock	Profit (Rs)
Tip	1330 (Rs 50,000 Trading)

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Intraday Trading Tips

Share	Gains (Rs)
Tips	23870

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Future and Options Daily Paid Tips

NSE Nifty 50 Stocks	Made Money (Rs)
Tipz	43890

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Strong future shares at National stock exchange

Godrej Ind, Sun Pharma, Idea, Max India, Adanient, Karnataka Bank, Bata India, Dish TV, Core Protect & Petronet.

Weak future stocks  at NSE

GTL Infra, KS Oils, S Kumars, LITL, GVKPIL, Jindal Saw, Escorts, Orbit Corp, Rel Media & STR Tech.

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