RBI has definitely given a new lease of life to Nifty by reducing the CRR rate by 50 basis points and this move has injected Rs 32000 crore in the system and we had correctly predicted in the scenario of rate cut that rate sensitive stocks like infrastructure will show a big move as these are highly dependent on interest rates to give an impetus to the sector. The overall market breadth in BSE ended positive with 1,592 shares advancing and 1,206 shares declining. The daily trend of nifty is in Up trend and thus now is the ideal time to trade with sure shot intraday tips and make money like professionals.
Now we have an an F&O expiry due with Republic Day being on Thursday and thus one can see some profit booking at the higher levels. However Nifty touching the target of 5200 looks possible in present bullish rally and beyond that 5211 will act as a stiff resistance. However be ready to exit if Nifty breaks 5050-5000-4970 mark as it is a first sign that Nifty is sluggish.
RBI has kept the repo and reverse repo unchanged at 8.5% and 7.5%, respectively. It has further kept the Inflation forecast unchanged at 7%. The GDP forecast has been brought down to 7% from 7.6% earlier.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5065 | 5145-5211 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 1830 (Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 39575 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 58950 |
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Strong future shares at National stock exchange
IVRCL, Orbit Corp, NCC, Suzlon, IRB, UCO Bank, Unitech, HDIL, Adanient & ABB.
Weak future stocks at NSE
Dish TV, IGL, Ruchi Soya, Tulip, United Spirits, TCS, Hexaware, Infosys, Gail & Dabur.
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