It is important for the Nifty to close above the level of 5350-5380 to head for next bullish leg which has a target of 5500. The Nifty remains in uptrend till the time the level of 5200-5150 is protected.
The study of Nifty chart suggests that we may see more profit booking bouts as Nifty tries to move above in its upward journey. Thus ideal opportunity to make money in such type of environment exists in form of trading with hot share of the day which performs irrespective of the condition in the market. The market breadth was negative with advances at 582 against declines of 873 on the NSE.
Reliance is back in news and in action as oil ministry has agreed to conditionally approve the capital expenditure plan of over $1 billion for KG-D6 gas block and stock has been rewarded with an uptick.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5279 | 5380-5400-5448 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 1420 (Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 27390 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 49370 |
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Strong future shares at National stock exchange
MTNL, Triveni, TTK Prestige, OFSS, Balrampur Ch, OnMobile, Cummins India, Finan Tech, Grasim & Recltd.
Weak future stocks at NSE
DCHL, S Kumars, KFA, 31Infotech, Bharti Artl, BEML, Bank Of India, LITL, Union Bank & Welcorp.
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