The Nifty is still struck in a channel and bears are having an upper hand and technical indicators suggest that daily trend of nifty is in down trend.
The negative signs which suggest that Nifty can head lower if it breaks 5200 level as it has ended below the lower end of the Bollinger Band and it is a confirmed negative signal and analysis of derivative market data shows that shorts are building up in Nifty Futures Open Interest and same is seen in all three Series. Thus if you are an intraday trader and want to make money in the market than none can beat the hot stock of the day as it helps make money in both bullish and bearish market.
Moreover we have seen Long unwinding in the previous trading session and same is indicated by the fall in Futures Open Interest by 0.81 mn units. As of the past trading day; the market breadth was weak with 1,558 losers and 1,235 gainers at BSE.
Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 5269 | 5176-5133 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 1420 (Rs 50,000 Trading) |
Intraday Trading Tips
Share | Gains (Rs) |
Tips | 16790 |
Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 43280 |
Strong future shares at National stock exchange
MC Dowell, Exide Ind, MTNL, Hind Uni Lvr, SR Transports, Auro Pharma, Biocon, Balrampur Ch, Dabur & TCS.
Weak future stocks at NSE
S Kumars, IFCI, Alok Text, Jain Irrigation, Patel Eng, Jindal Steel, Praj Ind, Ibrealest, NCC & Adanient.
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