Intraday stock tips for NSE & BSE Trading: 29 Aug

In present scenario; seeing the state of derivative market we feel that even if a technical bounce back occurs same will fizzle out at the levels of 5000 and same is corroborated by the fresh build-up in short positions around these levels. If the downtrend continues we may find Nifty bottom near 4500 levels by virtue of breaking the descending triangle. Now as of now Nifty has broken 200 DMA which stood at 4835 and thus any pull back can only occur above this psychological barrier which will provide stiff resistance. Thus make money in market with Intraday Jackpot Tip as we make money both in bullish and bearish market by cashing in on the stock specific opportunities.

Now we need to keep fingers crossed and hope that we will get to see a good set of GDP numbers as market has to move in positive direction in India as FIIs have to come to India as they have no options but to come to emerging markets (EM), given the problems in the US, Europe and Japan.

Commodity Tip

Gold is a safe heaven in times of high inflation and when economies are in a state of uncertainty and we have been advising for long to have a part of your savings in gold. Gold as a tool of investment can be seen in the face of stock market crash of 1929, and the ensuing bank failures, Americans began hoarding gold in this period, which also came to be known as the Great Depression. Americans started hoarding so much gold that in 1933, President Franklin D Roosevelt forbade Americans from owning more than $100 worth of gold.

Not to worry, if you have not heeded and thus keep an eye on gold prices and as and when it ever comes to the level of 20000-21000 one must take a plunge into it as we do not see it falling beyond this level. Add gold to your portfolio as a systematic investment plan. According to reports, ANZ has raised its forecast for gold prices, expecting prices to peak at $2,200 in the second quarter of 2012, from a previous forecast of $1,800.

Global Market Update

Investors turned jittery ahead of Ben Bernanke’s speech at the annual summer retreat in Wyoming, where he might lay out some plans to steer the weak economy. There are concerns the Federal Reserve may not be left with any rabbits in its hat after the government spent nearly $2.3 trillion in a massive bond buying program since 2009.

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Support and Resistances for the Day

Indices	Support	Resistance
Nifty	4679-4600-4526	4840-4900-4950

Jackpot Tip Profit

Stock	Profit (Rs)
Tip	2580 (Rs 50,000 Trading)

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Intraday Trading Tips

Share	Gains (Rs)
Tips	24870

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Future and Options Daily Paid Tips

NSE Nifty 50 Stocks	Made Money (Rs)
Tipz	58950

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Strong future shares at National stock exchange

Jubilant Food, Bata India, Idea, Hero Motors, Jain Irrigation, Asian paints, Bajaj Auto, Ruchi Soya, Dabur India & TVS Motor.

Weak future stocks  at NSE

Jet Airways, IVRCL Infra, Educomp, KS Oils, Triveni, MLL, Moser Baer, Rel Capital, GT Offshore & OnMobile.

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