It is an important fact to note that this is a technical bounce back as Nifty has opened with a gap up on the last trading day. This move can take Nifty to level of 5000 as it is a Fibonacci retracement level. Thus make sure that you do not blindly short the market. If Nifty level sustains above 4911 level, than 5000 mark is in sight. However this strategy is negated if Nifty fails to remain above 4849 level. As an advice; one should consider shorting only if Nifty 4750 level is broken convincingly on closing basis. This is the right time to use the hot stock for the day and make money by making use of the prevalent trend in the market. As a free cue, information technology stocks are the ideal ideas which can be considered as of now seeing the rupee depreciation against dollar.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 4800-4750-4720 | 4930-5000-5030 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 1230 (Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 22670 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 44950 |
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Strong future shares at National stock exchange
Educomp, Bombay Dyeing, DLF, JP Associate, Jindal Saw, Gitanjali, Ranbaxy, Arvind, Infy & ACC.
Weak future stocks at NSE
Rolta, Bajaj Hind, SCI, KFA, Sintex, Rel Capital, Adani enterprises, S Kumar, Orchid Chemical & ABB.
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