Nifty is moving on daily basis as per the global prevalent trend for the day and that is the reason it moves in positive territory as and when positive news flows related to European debt crisis. As of now short-term trend has turned bullish as 20-day daily moving average has crossed the 50-day moving average and before Diwali we could be kissing the 5200 mark for Nifty provided the global markets remain firm and no new cockroaches comes out of the cupboard. This is the reason that one should undertake day trading with momentum stocks and make daily money making a habit as these stocks perform irrespective of the condition in the market.f Nifty is able to sustain itself above the level of 5150 than we may see Nifty crossing 5200 mark and touching the levels of 5320 where it encounters the stiff resistance. Fresh uptrend will commence in market above that magic figure of Nifty.
Future and Options Data Analysis
The market picture chart suggested support at 5080 and resistance around 5200. The market breadth was positive; 1,670 stocks advanced for 1,136 stocks which declined on the BSE.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5100 | 5160-5175-5211 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 2730 (Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 38650 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 63690 |
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Strong future shares at National stock exchange
Patni, Tata Motors, Arvind, Bombay Dyeing, DLF, TVS Motors, Hexaware, Balrampur Ch, IDFC & JP Power.
Weak future stocks at NSE
Nagar Fert, Rolta, Pantaloon, Chambal Fert, Dhan Bank, Jain Irrigation, GT Offshore, Voltas, SCI & Rel Capital.
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