It appears that MCX IPO has sucked in the liquidity as market was waiting for a good IPO for a long time. Vedanta merger deal of Sesa and Sterilite has added salt to the raw wounds of the market as mergers and acquisitions go down with market in short term. However it is a win-win deal for the Vedanta shareholders at London where company is globally listed and it is a bad deal for Sesa share holders. Some win-some lose in market and one has to be ready with all sort of eventualities in market.
Nifty has gone down and the trend has changed from an uptrend to downtrend. Now an upmove will commence in market only once it closes above the level of 5400. We had correctly advised here 4 days back that one can be short in the market and our prediction for Nifty has proved amply correct and we hope that readers would have had benefitted by executing the short strategy. Make use of our hot stock and make money in both bullish and bearish market as traders with a good guide make money in both type of markets. Rather it is easier to make money in bearish markets as correct stocks with negative trend falls with a thud generating huge profits whereas in a bullish run, stocks take time to move up and undertake consolidation which is not a case with bearish market.
Now one can consider going long only once the Nifty is able to cross above the level of 5400. Budget cues, crude prices, RBI rate cut which appears unlikely and election results are going to guide the market in forthcoming days in month of March 2012.
Overall market breadth remained very negative. Out of total 3274 stocks traded a total 2505 stocks (77%) declined while 684 stocks (21%) advanced. A total 85 stocks (2%) remained unchanged. It is a matter of concern that Nifty has gone below 20 DMA and we may see March month showing lackluster performance with an evident downtrend in market.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5200-5170-5130 | 5400-5550 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 3730 (Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 45390 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 94560 |
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Strong future shares at National stock exchange
OFSS, VIP Ind, Yes Bank, Godrej Ind, Welcorp, Dhan Bank, Voltas, BPCL, BEML & Unitech.
Weak future stocks at NSE
Dish TV, DCHL, Educomp, Arvind, OnMobile, GMR Infra, Suzlon, Sintex, GSPL & Adanient.
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