The daily trend of Nifty remains in Up trend and it remains so till the time the level of 5600 is protected in Nifty and this level for long term traders can be further extended as 5530 to be used as a stop loss level. Infosys weak guidance for future can weigh heavy on the market.
However first warning signals for bulls getting tired will start emanating moment Nifty breaks 5649 level. Similarly bulls will regain control on Nifty gaining momentum above 5712 level. Thus our die hard intraday traders who want to make money with intraday trading can not afford to do without using our sure stock which gets you profit during both bullish and bearish scenario as aim is to make money every day in market. On last trading day the overall breadth was negative with 1,517 losers and 1,369 gainers on the BSE. Shares of sugar companies may be in limelight due to positive developments on decontrol of sugar as enumerated in Rangarajan Committee.
Support and Resistances for the Day
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Strong future shares at National stock exchange
KTK Bank, Aurobindo Ph, JP Power, JP Associate, Tata Global, HDIL, NCC, India Cement, Unitech & Sintex.
Weak future stocks at NSE
Hexaware, Suzlon, Wipro, Infy, Hero Motors, Apollo Tyres, Gujarat Fluoro, Uniphos, LIC Housing & Idea.
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