One can be really bullish on Nifty only if it breaches past 4701 with conviction as thereafter same can touch 5000 mark. However keep an eye on the level of 4579 which means that Nifty is heading for 4455-4530. Nifty will show some uptrend above the level of 4600. Sensex has to move past 16100 levels to show a smart upmove else keep following resistances under observation namely 15621-15724-15880. Market is getting unduly perturbed by each day events and thus one can only move from a support to support or from a resistance to resistance while analysing the mkt.
Profit Assessment from the tips
Due to poor internet speed will not be dwelling on the gains and the losses (if any) caused due to the Friday trading tips
Day Trade India with an Expert to become Self Reliant
Buy BPCL>524.1,528.8,537 sl 518.8
Buy Cairn>251.5,253,256,262 sl 246.8
Buy Tisco>475.1,479,482,488 sl 468.8
Buy ONGC>1231.1,1239,1248,1258 sl 1219
Sell Reliance<1998.8,1991,1981 sl 2007
Delivery Tip: Buy FSL for short term gains. Be dynamic in approach in booking profit.
BSE NSE strong futures
Jindal Saw, FSL, Patni, Tata Motors, HCL Tech, Bharat Forge, Bhushan Steel, Aurobindo Pharma, HDIL & Cummins India.
NSE BSE weak futures
Union Bank Of India, Chambal Fert, Divi'S Lab, Suzlon, Federal Bank, Colpal, IOB, Nagarjun Fertil, Dabur India & Hind Uni Lever.
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