As we had suggested yesterday that market will achieve a maximum high of 5040 on the day of expiry and same happened with Nifty making a high of 5034. After markets shut, the German parliament backed the extension of Eurozone rescue fund, with 523 votes for and 85 against,which would help Greece avoid a bail out. Thus again one can see bull force prevalent in the market tomorrow; however same will be dependent on global cues and thus must keep watch on it. Thus only go for 100% sure shot intraday tips and close the day with profit every day as market remains in upside till the time the level of 4900 is maintained in Nifty.
In medium term global markets will remain under pressure given the Eurozone crisis coupled with weak US economic data and thus the undertone for Nifty remains bearish and thus correct strategy to trade would be sell on rise and if Nifty remains above 5030 on closing basis and only than we can hope that Nifty will target the level of 5150-5320. The day by gone has seen market breadth being negative with 1507 stocks declined for 1265 stocks which advanced.
Click Here to Get Free Stock Market Tips & Free E-book in Email
Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 4900 | 5095-5170 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 1320 (Rs 50,000 Trading) |
Click for Daily Sure Shot Tip: Make Money Like Professionals
Intraday Trading Tips
Share | Gains (Rs) |
Tips | 24860 |
Click Here to Subscribe for Daily Intraday Money Making Tips
Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 48490 |
Click Here to Subscribe for Daily NSE Future and Option Tips
Strong future shares at National stock exchange
Bombay Dyeing, Hexaware, JP Associate, DLF, Ruchi Soya, Infy, Jindal Saw, Arvind, Mundra Port & Educomp.
Weak future stocks at NSE
Pantaloon, Sun TV, Orchid Chem, ABB, Rolta, L&T, Jindal SWHL, Skumar, Sesa Goa & Fortis.
Click Here to Get Free Future and Option Tips in Email
If you like our post than do not forget to refer our Share Trading in India website to your friends and colleagues. You can find more info related to the share markets of India by searching with the following keywords on the site by using the Google tool as given on the financial blog cum website.