It is really strange that market is moving in such a narrow range and thus it is difficult to make a correct assumption for the likely trend of the stock market. However we will see Nifty moving with a bullish bias if it is able to sustain above the level of 5230 else be ready for 5100 mark.
Thus if you are a die hard day trader; than make use of the sure shot hot share of the day and make money like professionals in Dallal street as stock specific approach is the best approach for trading in such lacklustre markets. The daily trend of Nifty remains in Down trend and thus level of 5130 is an important level to watch before going for any big investments in stock market. Analysis of indicators suggest that negative divergence is seen on select momentum oscillators both on the daily and the weekly charts and this can be a clear indication for downward trend of market in ensuing days. The last trading day saw market breadth being neutral on BSE as out of 2,895 stocks traded, 1,113 shares declined while 1,019 shares advanced.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5180-5135-5117 | 5230-5330-5380 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 1370 (Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 22740 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 47260 |
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Strong future shares at National stock exchange
VIP Ind, Yes Bank, Welcorp, MC Dowell, Voltas, Tech M, Bata India, Unitech , IVRCL Infra & Century Text.
Weak future stocks at NSE
IGL, LITL, HCC, India Info, India Cement, Polaris, JSW Energy, RPower, Rcom & MTNL.
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