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Indian Markets Update | Free Stock Market Tips | 07June

Indian market had a gala day by virtue of U.S jobs report which kept the optimism in high spirits and same was helped by rising hopes for economic recovery. The Indian market is saddled with concerns related to slowing Chinese growth and the uncertainty over Europe's government finances. Now a days we are not immune from global meltdowns. Thus one definitely need to keep the global conditions under surveillance to be sure about the prevailing trend for the day in the market. However, these are short term concerns as one just need to follow the correct stock market tips provider and can make tonnes of money as market opens its door for making money every day and one has to just channelise the energy in right direction by trading with 100% Sure Shot Tips as it is only one single stock tip for the day which hits its targets like Arjuna,s arrow hitting the targets in Mahabharata. Not to worry, on the positive side Indian market is showing an uptrend, however same is going to be saddled with negative closing of global markets and we can say that Dow will be chanting "Hum toh Dubenge aur tumhe bhi Le dubenge" as Dow has gone past below 10000 magic figure for fifth time and now it needs to be seen if it can retrace back or not. Though technically indicators are suggesting an uptrend, however this appears to be peaking at Nifty 5200 level and market is going to consolidate between 5000-5200 level. A confirmed uptrend exists once market is able to cross the Nifty level of 5208 with volumes and on closing basis for consecutive 3 days.
NSE strong future
RCOM, UCO Bank, Uniphos, Colpal, Federal Bank, Vijaya Bank, Purva, Dish TV, TV-18 & ONGC
NSE Weak futures
Grasim, Aban Off shore, Punj Lloyd, Bhushan Steel, Suzlon, Tata Steel, KS Oils, Mphasis, MLL & Triveni
I hope the readers are not relying on the expertise of Post boys, milkman and auto rickshaw drivers knowledge to invest in the market. Just remember that when they start giving the advice, it means that market has peaked. Thus choose your financial advisor carefully. The below cartoon amply demonstrates the state of Indian fraternity ways of getting advice. Thus do not refrain for paying for quality advice else it will be like Penny wise and pound foolish.
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