Intraday Trading Tips to Make Money in Market : 09 Aug

The markets had a turbulent session of trade as the downgrading of US credit rating from AAA rating to AA+ sent shockwaves across the global markets and same was stated yesterday. If we see the pattern of Nifty we will find that 5000 level will act as a psychological barrier in the  near term and if this level is broken than market can fall till the level of 4800. The 14-day RSI is now below 30-odd levels, which indicates oversold zone and thus a technical bounce back can occur on any day in the market and Nifty can rise to the level of 5300 as market is oversold. Remember not to compare the situation as at the time of Lehman Brother crisis and thus take advantage of the intraday volatility by trading only in hot intraday stocks which will give you profit by 11:30 AM in the stock market.

Pranab Mukherjee Indian Finance Minister has stated and we quote "The recent developments in the U.S. and the Eurozone have injected certain uncertainty in global markets. These developments could have some impact on India. But as India's growth story is intact and its fundamentals strong, we are in a better position than many other nations to manage the challenge."

Timothy Geithner,U.S. Treasury Secretary stated and we quote "I think S&P has shown really terrible judgment and they've handled themselves very poorly. And they've shown a stunning lack of knowledge about basic U.S. fiscal budget math. And I think they drew exactly the wrong conclusion from this budget agreement. There is no risk the United States of America would ever not be in a position to meet its obligations."

Warren Buffett says there's no question that the United States' debt is still AAA and that he's not changing his mind about Treasurys based on Standard & Poor's downgrade. Buffett's Berkshire Hathaway [BRKA Loading... () ] had $47 billion in cash and equivalents. Buffett tells me that at least $40 billion of that is in U.S. Treasury bills. Not only that, Buffett says almost all of his own personal holdings in cash and equivalents are in T-bills as well.

Goldman Sachs on Monday upgraded India to "market weight" from "underweight," given a likely turn in the macro cycle, lower oil prices, lower valuation, and policy reform.

Ratings agency Standard & Poor's today cautioned that it could lower the sovereign ratings of countries like India, Japan and Malaysia, which are still to come out of the economic meltdown of 2008.

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Support and Resistances for the Day

Indices	Support	Resistance
Nifty	5000-4778	5250-5340
Sensex	16620-15986	17500-17737

Jackpot Tip Profit

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

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Intraday Trading Tips

Share	Gains (Rs)
Tips	23970

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Future and Options Daily Paid Tips

NSE Nifty 50 Stocks	Made Money (Rs)
Tipz	48880

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Strong future shares at National stock exchange

Chambal Fert, Idea, Petronet, BPCL, Oil, IOC, ABG Ship, Tata Global, Hind Petro & Hexaware.

Weak future stocks  at NSE

KS Oils, OnMobile, IVRCL Infra, Orchid Chem, HDIL, Educomp, Crompton Greave, Moser Baer, Ibrealest & FSL.

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