As we had stated way back that a technical bounce is in offing and same has happened and now one can just be long till the time the level of 5000-4959 is respected in Nifty intraday movement. As it is we have seen a considerable downfall and thus if Nifty stays above 4959 level than any bad news would have the least effect and any good news will have positive effect on the stock prices. Thus hot stock info is the only answer to make money with intraday trading in the market as derivatives market analysis suggests that rally will continue to 5200 level as options traders have build up fresh shorts in 5,000-5,100 strike put options and have initiated short-covering in the 5,100-5,200 strike calls as participants. The bullish trend is also supported by the technical indicators like MACD which has turned positive on the daily charts, and is trending sideways on the weekly charts. As on last trading day on Friday, the market breadth was positive; 1,660 stocks advanced for 1,157 shares which declined on the BSE. Telecom stocks like Idea and Bharti Airtel are in hot steam in coming days. However Bharti airtel is good only above 410 and IDEA is good if sustain above 100. We are definitely enjoying the Airtel theme song which says that to communicate with friends, you require Airtel.
FIIs Investment in Future : Contrarian View
We can not bet heavily on Fiis coming in hoardes to the market as FIIs inherently hate the combination of spiralling inflation and high interest rates and same is happening in India. Thus we have to be content with the movement being provided in market by DIIs.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5000 | 5200-5250-5320 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 1340 (Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 32870 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 48950 |
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Strong future shares at National stock exchange
Chambal Fert, Jubilant Food, VIP Ind, Bajaj Auto, Mundra Port, TVS Motor, Hero Motor, Ruchi Soya, M&M & Idea
Weak future stocks at NSE
Educomp, KS Oils, IVRCL Infra, Nagar Fertilisers, Moser Baer, Jet Airways, GT Offshore, FSL, Escorts & Polaris.
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