The budget was a tight rope walk to appease the coalition partners rather than focus on the growth of Indian economy. The Finance Minister in a single stroke by raising the service tax has reduced the companies profitability which means that situation will remain tight for the companies in the coming fiscal year. Analysis of short term indicators suggest that the market is in sell mode and it may fall to 5221 levels if the level of 5295 is broken. It means that we are heading for 5200-5170 levels. Market will get into a bullish mode once it sustains above the level of 5350. Volatility will be high due to budget effect and thus ideal is to make use of the hot stock of the day and make money like professionals.
Support and Resistances for the Day
|Nifty||5300-5210-5200-5170||5345-5400 (Strong resistance)|
Jackpot Tip Profit
|Tip||1230 (Rs 50,000 Trading)|
Intraday Trading Tips
Future and Options Daily Paid Tips
|NSE Nifty 50 Stocks||Made Money (Rs)|
Strong future shares at National stock exchange
VIP Ind, Yes Bank, Welcorp, Voltas, Bombay Dyeing, CESC, Unitech, Uniphos, Jindal Saw & Balrampur Chini
Weak future stocks at NSE
Adanient, NMDC, Biocon, DCHL, OnMobile, Essar Oil, TTML, Pantaloon R, SCI & Educomp.
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