Now we know the magic support level of Nifty and it is 4700 and if this level is held bulls will be back to take the Nifty to 5000 levels. However in this tussle between bulls and bears a stiff resistance will be encountered at 4930 level. Technically market is showing a negative bias as Nifty has closed below 4840 on Weekly charts and Nifty futures have seen rollovers below 62% and this is below the averages of the last three expiries. These two main factors suggest bearish outlook in short term, however a short term pull back is not ruled out. Thus ideally trade with best hot stocks for the day and make money in market on intraday basis. BSE market breadth was marginally positive with 2,878 shares advancing while 1,216 shares declined.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 4700-4640-4550-4500 | 4800-4855-4930-5000 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 2140 (Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 45770 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 64980 |
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Strong future shares at National stock exchange
Pantaloon, Patni, KFA, Jet Airways, OnMobile, Apollo Tyre, Tata Chem, Raymond, Cipla & CESC.
Weak future stocks at NSE
Suzlon, Triveni,, Wel Corp, PTC, HDIL, Adanient, SRE Infra, NCC, VIP Ind & FSL.
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