One thing for sure is that one need to go long only above 5730 level in Nifty. However bears remain to be cautious as medium term trend in Nifty remains positive as our puppet govt has come in power and we are likely to see Rahul Gandhi being inducted in the govt to show him as a future Prime Minister contender.
For tomorrow we need to see Nifty sustaining above the level of 5619 and if it breaks than we will see Nifty opening the door for going below 5500 level. So we can call 5630 level as a make or break level in the market. If you want to make money in any type of market than sure stock of the day is the ideal candidate worth the salt to give you guaranteed profit.
Now we can see Nifty spearheading for higher levels only if a rate cut is undertaken by RBI in its forthcoming meet and it appears to be unlikely. The market breadth was negative on the last closing day as more than 1586 stocks declined while 1275 stocks advanced on the BSE and with world markets spinning in red, we see weak opening in market on Monday.
Stocks to Watch on Monday
KingFisher stock will be on a downward onslaught as its flying licence has been suspended by Directorate General of Civial Aviation (DGCA). State Bank of India, ICICI Bank, IDBI Bank, Bank of Baroda and Punjab National Bank will be also be under pressure due to heavy lending to KFA. In addition UB group companies to include United Spirits, United Breweries, UB Holdings, and Mangalore Chemicals and Fertilizers will be under pressure.
Results Season Watch
Tata Consultancy Services (TCS), Bajaj Auto and Ultratech Cement are three stocks which needs to be watched on Monday as their results have been declared after market hours on Friday. Besides above three stocks which are going to be in the limelight are HDFC, Larsen & Toubro and Cairn India which are likely to announce their results on Monday.
Stocks to Watch in Forthcoming Week due to Results Announcement
The stocks likely to announce their results in forthcoming week are Hero MotoCorp, Mahindra & Mahindra, ICICI Bank, Hindustan Unilever, Sterlite Industries, NTPC, Sesa Goa, Lupin, GAIL India, Punjab National Bank, IDFC, Kotak Bank and Asian Bank.
Support and Resistances for the Day
Jackpot Tip Profit
|Tip||1020 (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
KTK Bank, Syndicate Bank, JP Power, JP Associate, NHPC, Auro Pharma, Canara Bank, Godrej Ind, Century Text & Unitech
Weak future stocks at NSE
Hexaware, Wipro, Apollo Tyres, Uniphos, DLF, Suzlon, LIC Housing, Gail, Mcelodruss & Infy.
If you like our post than do not forget to refer our Best Nifty Tips providing 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 can get more info on subject by searching at Google, Facebook, Yahoo or Bing by using the following search engine phrases to get an accurate and correct answer to your query.