The Nifty is in a downtrend on the charts and thus if the level of 5170 is broken than we may see the levels of 5100-4800 and these levels have been also projected by Rakesh Jhunjhunwala Video aired on ET. On the positive side if Nifty sustains above 5325 we have a ray of hope prevalent in the market and we may see Nifty finding resistance at 5360-5400 levels. Analysts expect the Sensex Price to Earnings multiple to decline further given the policy stalemate and rising inflation.
Below expectation monsoon can also be a reason of concern for the market and one has to live with uncertainties in life and this is where tips from a stock market expert comes into play to get you daily money from the stock market as trading is a Science which is to be executed with an art. Not to worry as derivatives data analysis suggests that a strong support is expected to come around 5,260-5,295 levels in the mkt. The upside is likely to remain limited, as the markets are making lower tops and lower lows for the last few weeks.
Nifty opened lower following weak global cues after Ben Bernanke said that the US economy was weak and interest rates would remain unchanged for an extended period. Today the market breadth was negative with 1160 on the advances as against 1611 declines.
Update
We had asked you to buy Reliance above 845 day before yesterday in the post as a free tip and advised to hold the stock and today Reliance Industries moved higher by nearly 3% to Rs 870 on reports of natural gas discovery in its deep-sea, D-9 block of the KG basin and a few days back when strike in Maruti had stated we had advised you to not to invest in Maruti and today Maruti Suzuki lost nearly 2%, at Rs 1,095 on the NSE on growth concerns. According to analysts, the 13-day work stoppage at the company’s Manesar plant will erode sales of its best selling models, which collectively account for about 23% of the company’s total volumes. Thus the whole crux of writing this content is to let you arrive you at a decision that you must follow our free market updates by filling your email in the adjacent right side bar or click on below red link and whenever our site will be updated, you can make money with our free updates.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5250 | 5360-5400-5430 |
Sensex | 17500 | 17858-17973 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | Tip not initiated due to Gap Down Opening. |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 22570 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 47580 |
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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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