Reliance as suggested yesterday on our other blog in the morning and also written earlier on this site, we found that Reliance rebounded remarkably from the levels of 960 and thus this level must be kept in mind whenever it comes down. Now keep an eye on Reliance till the time it sustains above 949, one can be long in this stock. Now the second rally in market is likely to fueled by Reliance as it has been underperforming for long time. Momentum buying amid firm global cues lifted the Indian market sharply higher for a second consecutive session on Thursday. Barring realty stocks and select public sector undertakings, all the sector indexes closed in positive territory. While banking, FMCG and metal stocks rose sharply, IT and telecom stocks underperformed the broader market. The 30-share Sensex of the Bombay Stock Exchange (BSE), which opened at 18,276, rose to a fresh 30-month high of 18,475 before finishing up 198 points or a little over a percent at 18,455, while the 50-share S&P Nifty rose by 61 points or 1.11% to 5,540.
If one is looking for quality tips, than do not forget to check out sure shot tips which has the money mantra to help people make money daily in market irrespective of the condition of the market. BSE advance-decline ratio stood at 1:1.04. Now market has comfortably crossed the resistance of 5512 and as a net result one can see Nifty touching the levels of 5600. Resistance can be seen at 5575
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5511 | 5600 |
| Sensex | 18356 | 18500-18800 |
| Stock | Profit (Rs) |
| Tip | 1255 (Rs 50,000 Trading) |
Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 35560 |
Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 48765 |
UCO Bank, KFA, Petronet, Vijaya Bank, Tata Motors, Tata Chem, Bhushan Steel, Yes Bank, Grasim, Tata Comm.
Weak future stocks at Bombay Stock Exchange
Suzlon, RNRL, RCOM, Sesa Goa, Punj Lloyd, Aban Off shore, National Alum, R Power, Cipla & Rel Infra.
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