Nifty is going great guns and it will now encounter resistance at the levels of 5956-5987-6017 and we can say that bulls are in control as an uptick after a doji pattern confirms the same. The bourses opened higher today on the back of positive US jobs data and Asian stocks, currently at 3-year highs. We must value the suggestion of
Montek Singh Ahluwalia, Deputy Chairman, Planning Commission who has stated that Managing water resources is the biggest challenge before the country and institutes like IIFM should give a serious thought to it by integrating forest conservation with water conservation in the Course and probably than only we will be able to have a double digit growth. With 2,437 advances and 477 declines, the market breadth was extremely positive and thus one must make use of the positive trend in the market and make daily money with hot Nifty tips which performs irrespective of the condition in the market.
Cricket is always in news and this time it is related to world cup trophy being presented as real or fake and now ICC has issued a statement saying, "Contrary to some erroneous and mischievous media reports, the ICC can confirm that the trophy presented to India at Wankhede Stadium on Saturday was the original ICC Cricket World Cup 2011 trophy and the one that was always intended to be presented to the winner of the event. Now truth will find its own way. Another news doing the round in the corridors is that Shahid Afridi has stated that Indians are not as large-hearted as Pakistanis. Well, he must be joking because no where in the world he will ever find a country which is tolerant to so many religions and is helping every one to prosper by providing adequate opportunity to every one to get the best out of them.
With the impending corporate earnings season, the markets were upbeat, with analysts expecting the Q4FY11 results to outperform the previous quarter, and healthy advance tax collections, witnessing the highest growth rate since 2008, indicating encouraging fiscal results as well and true to their anticipations and predictions for the market; BHEL has shown a profit up by 39.66% to Rs 6,021 cr in FY11 and Bajaj Auto has also shown March sales in northern side with a rise close to 12% to 307,738 units YoY.
Fortis Malar Hospitals, subsidiary of Fortis Healthcare has taken over operations and management of cardiac centre at Oasis Hospital Colombo, Sri Lanka. With this initiative, Fortis Healthcare has expanded its presence in Sri Lanka adding to the existing facilities in India and other countries. The point to note here is that we have been always very positive for Fortis healthcare and all those looking for long term investment and a free tip can accumulate this stock at every decline.
Silver has hit a new high at Rs 57,000 and thus we will see whenever uncertainty is high in political circles globally; all precious metals moves northwards and thus silver hitting the roof is not a surprise as we have been harping on accumulating gold and silver for past 5 years i.e. since 2007.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5860 | 5956-5987-6017 |
| Sensex | 19560 | 19842-19991-20062 |
| Stock | Profit (Rs) |
| Tip | 3230 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 46980 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 67770 |
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Strong future shares at National stock exchange
OnMobile, Sterlite Technology, Hind Oil Exploration, Hexaware, Century, Jindal SWHL, Reliance Media, Patel Engineering, Indiabulls real estate & LIC Housing finance.
Weak future stocks at NSE
Piramal Healthcare, Nat Alum, Mphasis, Ranbaxy, Sterling Boi, Asian Paints, Tech M, Colgate Palmolive, Aurobindo Pharma & Gail.
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