It has been observed that 5260 is the level to be kept under watch as above this level we will see breakout happening as this level has acted as a resistance in last couple of days. Tomorrow is the D-day which market has been waiting with the bated breath and index will see dramatic movement tomorrow post the RBI credit policy meet.
Thus do not trade naked and make use of a stock expert tips like sure tip and make money like professionals as it is very important to know the pulse of the market and a select few have the information which is available only to elite group and they make money in bullish and bearish environment and remaining all get slaughtered. As a free advice do not leave the trade without putting a stop loss or closing your trade else you can be surprised.
All those looking for quick means should go for a straddle as market is going to make or break in one direction with movement can be as large as up to 300-400 points. If the RBI please market than we can see rate sensitive stocks also moving in one way direction and probably that is the reason we had a market breadth positive as at BSE we saw 1,545 stocks advancing and 1,221 stocks declining. Analysis of data at NSE shows that stock advances stood at 819 against declines of 619. However just as a cautionary advice exit all longs if the level of 5185 is broken which will find support at 5160-5130 levels.
Support and Resistances for the Day
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Strong future shares at National stock exchange
VIP Ind, Yes Bank, Voltas, Tech M, Ranbaxy, Bata India, IVRCL Infra, Dena Bank, MC Dowell & Mcleodruss.
Weak future stocks at NSE
Infy, Rel Capital, GSPL, Opto Circuit, TCS, Suzlon, Welcorp, JSW Energy, BEML & Jindal Steel.
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