Yesterday was a day which could have had squeezed the bears. As we had stated in our previous post that if the level of 5200 is held we are going to see a technical bounce and same happened with a vengeance.
As a net result the market has entered in a bull phase and it remains so till the time the level of 5200 is protected and bulls will be in force if Nifty is able to sustain above 5367 levels on closing basis. Thus now is the ideal time to go for hot stock of the day and make money like stock traders who have become professional traders in the market. The breadth of the market was positive as 1,758 stocks gained and 1,136 stocks declined on the BSE. However analysis of indicators suggest that momentum oscillators are in favour of the bears and thus profit booking can take place at higher levels and we see this rally fizzling out at 5450 levels.
Support and Resistances for the Day
Jackpot Tip Profit
|Tip||2330 (50,000 Trading)|
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|NSE Nifty 50 Stocks||Made Money (Rs)|
Strong future shares at National stock exchange
VIP Ind, Yes Bank, Welcorp, India Cement, Bombay Dyeing, Jet Airways, Bata India, Voltas, Century Text & Havells.
Weak future stocks at NSE
Adanient, TVS Motor, Biocon, OnMobile, NMDC, Educomp, NCC, DCHL, Pantaloon R & Renuka.
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