As we had stated yesterday that Nifty might open gap up and same happened with profit booking occurring at higher levels. However till the time Nifty holds the level of 5000 mark, one need not worry as bulls are in control by virtue of positive vibes being sent by RBI for a rate cut on 17 June. Just keep the fingers crosses that Nifty 5000 level is protected.
The daily trend of nifty is in Up trend and thus now is the ideal time to make use of the hot shot tips and make money like financially disciplined traders earning daily huge profit from the stock market. Nifty 5120 is going to be a tough nut to crack and unless it moves above this level one will see a range bound market and will see a negative bias and trend will become clear after RBI rate cut update. As of now Nifty is in a seesaw battle as it is stationed between 50 DMA and 200 DMA.
Todays move in the market signals that probably high for the market has been achieved in the short term as today time and again efforts by the market participants to cross Nifty high of the day was met with resistance and market finally closed near the low of the day. Moreover worries like India could lose Investment grad as threatened by Standard and Poor’s can have a negative effect on market in days to come unless RBI comes with a magic potion for the market. The broader markets ended on a listless note. The overall breadth was marginally positive as 1,447 stocks advanced while 1,260 stocks declined.
Support and Resistances for the Day
Jackpot Tip Profit
|Tip||1440 (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
S Kumar, GVKPIL, Jet Airways, Dena Bank, India Info, Syndicate Bank, Exide Ind, UCO Bank, HDIL & Voltas
Weak future stocks at NSE
BEML, OnMobile, Educomp, Orchid Chem, Adanient, Opto Circuit, Tata Motors, MRPL, Suzlon & India Cement.
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