As we have been stating for past few days that the present bull move is just a blip in anticipation of the rate cut by RBI and thus one not carried away by this deceptive up move. Nifty 5200 is a good psychological support. Infosys poor results have damaged the state of market.
Analysis of technical charts suggest that Nifty is weak and thus if 5200 level is broken, than we are bound to see it getting support at 5130-5100 levels. Thus ideal is to trade with reliable stocks and make money like professionals irrespective of the direction of the market. Keep an eye on the level of 5130 which if broken means we are heading for 5000-4800 mark.
The market will be weak till the time the level of 5330 is not broken on the upper side with volume. Now all eyes will be on RBI credit policy review holds the magic wand to pull the market out of the woods. Banking and real estate stocks will see a bull run if we have more than 25 basis points rate cut on 17 Apr RBI meet. The overall breadth was weak with 1,566 losers and 1,560 gainers on the Bombay Stock Exchange. Globally China has reported its slowest first quarter growth in three years which will again act as a dampener for market to move up.
Click Here to Get Free Stock Market Tips & Free E-book in Email
Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5200-5170-5130-5100 | 5305-5330 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 1330(Rs 50,000 Trading) |
Click for Daily Sure Shot Tip: Make Money Like Professionals
Intraday Trading Tips
Share | Gains (Rs) |
Tips | 21690 |
Click Here to Subscribe for Daily Intraday Money Making Tips
Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 45920 |
Click Here to Subscribe for Daily NSE Future and Option Tips
Strong future shares at National stock exchange
VIP Ind, Yes Bank, IVRCL Infra, Tech M, Bata India, Mcleodruss, Ranbaxy, Unitech, Voltas & MC Dowell.
Weak future stocks at NSE
Infy, Rel Capital, HDIL, JSW Energy, Jindal Steel, TCS, Opto Circuit, Suzlon, GSPL & Rel Infra.
Click Here to Get Free Future and Option Tips in Email
If you like our post than do not forget to refer our Nifty Future website to your friends and colleagues. You can find more info related to the share markets of India by searching with the following keywords on the site by using the Google tool as given on the financial blog cum website. You can get more info on subject by searching at Google, Facebook, Yahoo or Bing by using the following search engine phrases to get an accurate and correct answer to your query.
Nifty future master, Nifty future king, Nifty future live charts, Nifty future call, Nifty future tips
If You Enjoyed This Post Please Take 5 Seconds To Share It.