Nifty is looking weak till the time it does not move above 5200 and it is highly probable that Nifty will revisit the lows made in this year. However this will be a war between the bulls and bears and they can take the Nifty to 5150 levels where they may get exhausted. Consecutive closing below 4980 for 3 days means that we are heading to 4725 levels. The analysis of the derivative analysis also suggests that Nifty is weak in coming days ahead and trend remains negative.
If Nifty remains above 5000 mark a slight pull back or we can call it a bounce back will be seen till 5080-5150 mark. Now you know the levels to keep watch. So, it always good to trade intraday with hot stock news and same is accessible to select few and do not go by the inputs being given on channels like CNBC, NEE business, NDTV profit etc as the said information is already factored in the price and is leaked as a deliberate plot to get retail investors hooked on to the stock who trade as per TV channels business advice. A deep nexus exists between these channels and stock companies. As a free advice one should avoid shorting in FMCG sector as any short can turn against you as this sector still remains in bullish mode.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5064-4985 | 5140-5200-5220 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 2760 (Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 44880 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 75890 |
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Strong future shares at National stock exchange
Patni, Havells, KFA, Hind Oil, Hind Uni Lvr, PFC, Cipla, JSW Steel, Apollo Tyre & Idea.
Weak future stocks at NSE
EKC, VIP Ind, KS Oils, Triveni, Aurobindo Ph, Educomp, Sintex, HDIL, SRE Infra & PTC.
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