Indian market is gyrating as per the tunes of the global markets and that is the reason we need a panacea touch to know the exact trend of stock market. Asian and European equities helped lift sentiment, the U.S. stock futures fluctuated, limiting large gains as US stock indices futures were trading flat ahead of speech from Fed chairman Ben Bernanke and release of Beige Book, the central bank’s report on the economy. BSE advance-decline ratio stood at 1:1.5. One has to be careful now as market requires a magician to predict its direction as global markets are affecting it to a great extent. Now one has to just keep an eye on the level of 4949 which if broken means that we are going to see market swift fall to the levels of 4910 where it may get some breather. Till the time level of 4949 is not breached we can hope for a corrective rally. On the positive side Metal stocks surged on the back of reports that China’s exports were up by 50% in May. Thus to let the cat out of bag metal stocks coupled with renewed vigour in banking sector will steal the limelight tomorrow. However globally markets are weak and it will also take Indian market along with it and thus the only way to make money in stock market is to trade with sure shot calls and make money like professionals as these calls are guaranteed profit making equity market calls.
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|Tip||1325 (Rs 50,000 Trading)|
|NSE Nifty 50 Stocks||Made Money (Rs)|
RCOM, Dr Reddy, Asian Paint, UCO Bank, Colgate palmolive, Vijaya Bank, Federal Bank, ONGC , TV-18 & Renuka.
Weak future stocks at National stock exchange
Aban Off shore, Grasim, KS Oils, Hindalco, MLL, Punj Lloyd, Triveni, Suzlon, Tata Steel & Bhushan Steel.
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