Accurate Stock Tips to Make Money : 07 July

We have stated in past few posts that profit booking is taking place and we are likely to see market finding support at the levels of 5570-5500 and it has a stiff resistance at 5670-5700 zones. Today’s fall in market can be attributed to mixed Asian down cues coupled with a drop in European equities after ratings agency Moody's downgraded Portugal's government debt to junk status on Tuesday, rekindling fears of contagion effects in the eurozone. The daily and weekly indicators are in buy mode and much selling pressure may not be seen. Foreign Institutional Investors (FIIs) have been investing heavily in Indian markets. According to provisional data, FIIs have bought shares worth Rs 2,557 crore from July 1, 2011. Wanna make money in market than check out news based stock tips as one will be able to get into the stock which is going for stock specific action for the day.

Derivatives Analysis

The options traders turned buyers in the 5,600-strike as they expect the Nifty to be range-bound and find support below 5,600. Strong resistance is seen above 5,700 and, hence, there is a significant increase in the short positions in 5,700-strike call options. The sell-side OI build-up at 5,600- strike put options through sell-side trades indicates short-term support.

Reliance Update

Reliance if able to move above 885 we may see some positive move as oil ministry has referred the $7.2 billion Reliance-BP deal to the Cabinet Committee on Economic Affairs for approval. The recent foray of the company into the insurance sector is a big positive for the company. However if it falls below 820 than stock can fall to the level of 750.

Revolutionary Idea

The Securities and Exchange Board of India (Sebi) is looking at allowing interoperability between the two main stock exchanges to facilitate aggregated clearing in the next two-three years, said a top official at Sebi, a move that will will bring down the cost of trade. Sebi currently allows traders to settle and clear only on the exchange on which the transaction takes place. It will be a definitely a remarkable idea which will get one the best price.

Deccan  360

Captain Gopinath, the founder of logistics company Deccan 360 may look at exiting the business. It is learnt that the company has stopped all operations a month back and management has asked employees to look for jobs elsewhere.

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Support and Resistances for the Day

Indices	Support	Resistance
Nifty	5620-5570-5500-5460	5700-5725
Sensex	18635-18562	19080

Jackpot Tip Profit

Stock	Profit (Rs)
Tip	1290 (Rs 50,000 Trading)

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Intraday Trading Tips

Share	Gains (Rs)
Tips	22890

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Future and Options Daily Paid Tips

NSE Nifty 50 Stocks	Made Money (Rs)
Tipz	38760

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