As we have been stating for past so many days that Nifty 5000 is a good psychological support and it is extending whole hearted support for the share market traders. Thus without ambiguity it can be stated that trend in Nifty is up till the tie the level of Nifty 4950 is not breached on the lower side. Thus make use of the opportunity for day trading with hot stocks for the day and make money in stock market and be a part of the elite group which makes money in stock market. The BSE market breadth was positive. Out of 2,920 stocks traded, 1,636 stocks advanced while 1,169 stocks declined. The short covering has been seen in 5,100-strike call and thus one may see a sharp swing and in such scenarios a straddle is the ideal bet. Nifty will show good up move if it sustains above the level of 5077. However break of Nifty 4950 will be a matter of concern.
One must understand that global markets do have an impact on the Indian markets as we are not immune from the same and thus keeping an eye on developments in the US will make sense. Thus keep Dow levels under observation and if it goes below slips below 10,500, than avoid going long in Nifty as in that scenario Nifty can fall to the levels of 4750.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5000-4925-4850 | 5120-5200 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 1770 (Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 29560 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 47590 |
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Strong future shares at National stock exchange
Chambal Fert, Hero Motors, VIP Ind, M&M, TVS Motor, Shriram Transport, Ruchi Soya, Jubilant Food, Bajaj Auto & Arvind.
Weak future stocks at NSE
KS Oils, Moser Baer, Educomp, Jet Airways, Triveni, Union Bank, IFCI, IVRCL Infra, GT Offshore & MLL.
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