In the outset we take the opportunity to Compliment each one of you for being a part of free India and having the honour of being a first grade citizen in one’s own country where we have the right to live with head held high. We take the opportunity to dedicate this video of Indian Army a Force to Reckon with to our unsung heroes on the eve of independence day. Do watch the video and spread the link http://www.indian-share-tips.com/2011/07/indian-army-force-to-reckon-with.html through email to your near and dear ones as this much atleast we can do to spread their goodwill with in the country and abroad.The Soldiers are guarding the borders when each one of us is enjoying the free atmosphere of the nation. We salute to their “Never Say Die Spirit.”
Hillary Clinton U.S. Secretary of State has stated a few words related to our country independence and we quote "India's independence movement and the inspirational leadership of Mahatma Gandhi still move people to be the change that they want to see in the world. At this time of profound change and hope for millions of people, India's story stands as a powerful example of what people can achieve through the peaceful pursuit of inalienable rights."
The Nifty has shown a consolidation between 5050-5220 and Nifty has closed closer to the lower-end of the trading band, hence one need to exercise some caution in such scenario. One need be cautious for fresh bout of selling to commence below 5050-5000 as any break means Nifty can fall till 4800. Nifty 5000 is a good psychological support. If Nifty moves above 5220 than it will encounter resistance at 5330. Make use of the hot stock news and make money before the information is known to every trader across the street.
IIP Data Impact
The Industrial Output data for June was reported at 8.8%, higher than expected at 5.5%, which flagged concerns that the RBI would hike rates by another 25 bps in September as growth in the short-term remained sturdy. The IIP data was much higher than 5.9% reported in May. Nomura in a research note said, “IIP jumped, due to a sharp rebound in capital goods production.Markets have taken the IIP data negatively. Rising food inflation and a 50 bps rate hike by SBI & ICICI suggest that the RBI may continue to hike rates. IT stocks have also slipped on the back of finance minister comments of the likely impact post the US downgrade.
Derivative Data Analysis
The August futures is showing bearish engulfing candlestick chart pattern and it indicates a future bearish trend. For a beginner to understand; bearish engulfing pattern consists of two candlesticks in which real body of the second candle completely cover the first candle's real body. Nifty is likely to be range bound between 5000-5320 level. Market breadth was negative as 1,257 stocks advanced for 1,569 stocks which declined on the BSE.
Click Here to Get Free Stock Market Tips & Free E-book in Email
Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5000-4778 | 5250-5340 |
| Sensex | 15986 | 17220-17500-17737 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1260 (Rs 50,000 Trading) |
Click for Daily Sure Shot Tip: Make Money Like Professionals
Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 21630 |
Click Here to Subscribe for Daily Intraday Money Making Tips
Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 48350 |
Click Here to Subscribe for Daily NSE Future and Option Tips
Strong future shares at National stock exchange
Chambal Fertilisers, Bata India, M&M, Idea, Maruti, Oil, Bosch Ltd, IGL, Ashok Ley & India Cement.
Weak future stocks at NSE
KS Oils, OnMobile, MLL, Escorts, Polaris, Sterling Bio, Crompton Greave, Moser Baer, IVRCL Infra & Ibrealest.
Click Here to Get Free Future and Option Tips in Email
If you like our post than do not forget to refer our trading tips website to your friends and colleagues. You can find more info related to the share markets of India by searching with the following keywords on the site by using the Google tool as given on the financial blog cum website.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
