Indian stock market is showing a downtrend which will remain in bears grip till the time the level of 5627 is not broken on the upside with volumes. This bearish trend was predicted by us way back on 03 Feb 13 and our free subscribers benefitted by going short in MCX and Financial technology to name a few. Thereafter we have given a free call for going long in MCX post its phenomenal fall. Again we gave free calls for going long in Cipla, Lupin, Sun Pharma and Dr Reddy on 02 Apr 2013 and same can be accessed under stock in news segment here.
The momentum continues to remain in favour of the bears. However do not get panicked by seeing the steep fall in Nifty as a technical bounce back is round the corner and if 5524-5558 is conquered we can heave a sigh of relief as we may be near the formation of a bottom in Nifty as recent correction provides a fair valuation to Nifty which is seen trading at 13.5x FY14 earnings which is going to be a supportive figure. 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.
We have shown the Fibonacci levels which can act as support and resistances for the stock during its upward or downward journey and same have been annotated on the chart. We had given clear directions to our paid subscribers to exit from the market as FIIs had started selling in the market and when a ship sinks rats are the first one to leave the ship and in our case Fiis can be compared with the rats. Thus it makes sense to track the investments of Fiis in Indian stocks. They act as a pre warning signals to us as they have access to data which a normal investor may not have or may get it when the result of the news has been factored in the price.
Nifty Support & Resistance
| Support | Resistance |
| 5400 | 5524-5558-5627 |
Jackpot Sure Shot Tip Profit
| Share | Profit (Rs) |
| Tip | 1370 (Rs 50,000 Trading) |
Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 18320 |
Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 47300 |
Strong future shares at National stock exchange
IGL, Dr Reddy, GMR Infra, Rcom, Punjlloyd, Hexaware, Dabur, Maruti, Sun Pharma & Dish TV.
Weak future stocks at NSE
HDIL, IVRCL Infra, Sintex, Raymond, Siemens, Ibrealest, Sun TV, Rel Infra, NMDC & Jain Irrigation.
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This article was first published on Indian-Share-Tips.Com on 10 Apr 2013 & we will seek your support to share the post if you found it interesting and spread the good word.
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