Stock Tips Which Make Money in India : 30 July

Nifty has been able to remain above 5100 levels which is a positive sign, however one has to be careful as trend reversal with a negative bias can take place any time. If Nifty remains above 5100 mark on closing basis, than we are going to see Nifty rallying upto 5200. One must keep a watch at the levels of 5100 which if broken means that we are heading for 5000 and below levels. Nifty 5000 mark is going to be a good psychological support. As a strategy for Nifty one can be shorting Nifty at higher levels with stop loss at 5250 level as this is the maximum level upto which Nifty can rise in present short term scenario. All eyes are now set on RBI credit policy update scheduled on 31 July 2012 which will provide further cues for the direction of the market.

As a thumb rule in such type of markets, one should remain active with a stock specific approach and one will make huge money with hot share of the day as these stocks are able to catch the prevailing trend and are from the sun rising sector of the day. The days ahead may see some positive action in FMCG, Pharma and select mid cap companies.

One has to keep the fingers crossed as another break below 5059 on closing basis will open the doors for looking for a support near 52 week low which will be below 5000 mark. The last closing day saw BSE market breadth being negative with 1,702 stocks declined and 1,064 stocks advanced on the BSE. The closing of Nifty is weak in technical terms as the index has closed below the day's open.

European Central Bank (ECB)  is keen to make sure that the euro zone remains intact. However we have Germany throwing a spanner in the financial restructuring of Spain and Italy as Germany Bundesbank has raised its doubts about buying bonds of troubled euro zone nations. Let us hope for the best for Spain and Italy as any exclusion from Eurozone for these countries will have a cascading effect on global ecoonomy and will impact Indian markets to a great extent.

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Support and Resistances for the Day

Indices	Support	Resistance
Nifty	5060-5030-5000-4980	5100-5125-5145- 5170

Jackpot Tip Profit

Stock	Profit (Rs)
Tip	1470 (Rs 50,000 Trading)

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Intraday Trading Tips

Share	Gains (Rs)
Tips	23980

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Future and Options Daily Paid Tips

NSE Nifty 50 Stocks	Made Money (Rs)
Tipz	69440

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Strong future shares at National stock exchange

MTNL, Zeel, Ambuja Cement, HCL Tech, Ultra Tech, Grasim, Dabur, Hind Uni Lvr, Tata Global & GE Ship.

Weak future stocks  at NSE

S Kumar, Adanient, Union Bank, BEML, Rcom, IOB, LITL, Patel Eng, Escorts & Canara Bank.

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