Indian markets are gyrating on a daily basis and taking the cues from global markets. In coming month we will see Nifty moving in a broad range of 4750-5200-5320. Now a matter of concern is that Nifty has broken the 20 day moving average (DMA) and thus Nifty is trading with a negative bias. In such type of environments one need to take the decision for trend of Nifty on a daily basis . Thus make use of the hot intraday stock and close the trade by the end of the day with profit irrespective of the condition in the market. As of now weekly MACD (Moving Average Convergence/ Divergence) is sloping and ADX (Average Direction Index) is indicating that the bears are getting stronger and thus the chances of Nifty falling to the levels of 4800 appears bright.
Reliance pack led the fall in market as the group owner Anil Dhirubhai Ambani is a culprit in view of Central Bureau of Investigations statement on the 2G scam. Anil Ambani has a habit of taking shortcuts in life to try to become bigger than Mukesh Ambani group. The overall market breadth is negative as 1,658 stocks have declined agianst 1,030 advancing ones, on the BSE.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 4900-4800 | 5000-5150 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 1130(Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 18970 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 36980 |
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Strong future shares at National stock exchange
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Weak future stocks at NSE
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