Indian stock market is showing short term uptrend which appears to be deceptive. Without getting into the emotional state and just looking at charts we can say that daily trend of Nifty has turned into an Up trend and will remain so till the level of 5900 is retained and on the lower side the level of 5790 is not breached.
Thus now is the right time to take full advantage of prevailing trend in the market by using the
sure tip of the day and start making money like professional traders and fulfil all your wishes by virtue of enhanced profit. The Fibonacci retracements which needs to be kept under observation for up move are 5997,6029,6055 levels and on downside are 5846 and 5795 levels.
Stock in News
Asian Paint has been doing tremendously well by virtue of its quality advertisement campaign coupled with its aggressive methodology of reaching out to the users. Moreover we have seen that whenever companies goes for logo change it shows that company is a forward looking and in most of the cases have performed well in few forthcoming quarters after the logo change and same is also applicable for Asian Paints. We are bullish on this stock and one can add this stock for long term as and when market crashes or can buy this stock in tranches to get the benefit of on-going boom in housing sector.
Just keep an eye on news like strike in any particular company and at time one can short the stock to get some quick gains and moment the strike is called off one can get into the shares as a short term upsurge will be seen. This we have seen classically in case of Maruti Manesar strike case and now in the case of M&M strike being called on Thursday evening and we saw a good up move on Friday closing price.
Nifty Support & Resistance
Support | Resistance |
5900-5850-5817-5790 | 5972-6000 |
Jackpot Sure Shot Tip Profit
Share | Profit (Rs) |
Tip | 1420 (Rs 50,000 Trading) |
Intraday Trading Tips
Share | Gains (Rs) |
Tips | 20430 |
Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 48380 |
Strong future shares at National stock exchange
HCL Tech, TCS, Tech M, Wipro, Hexaware, Asian Paint, Apollo Tyres, DLF, MRF & Sun Pharma.
Weak future stocks at NSE
Welcorp, NHPC, IVRCL Infra, Finan Tech, Opto Circuits, Pantaloon R, JP Power, Unitech, Sail & Rel Infra.
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