As we have taken a break and on similar footing Nifty is also consolidating and waiting for fresh triggers. Till the time it sustains above 5600 bulls have an upper edge and they can take the Nifty to 5900 levels and than we will be nearing previous time highs. A bull force will be seen emerging in the market once Nifty starts trading above the level of 5739 with volume. The market in coming week is likely to see consolidation between 5600-5782 levels. Now is the correct time to use the hot stock of the day and trade with financial prudence. Nonetheless on the last trading day we saw overall positive breadth in the market with 1805 stocks advanced while 1,104 declined at Bombay stock exchange.
A break is always good for a trader as it helps him get the requisite rest and contemplate the actions taken by him during the course of the day. Moreover with timings of market having been preponed were taxing on the health of the traders. Nonetheless on 02 Oct we remember Gandhiji and try to adopt his principles in life.
The profit booking may take place at higher levels as we see the biggest culprit which can lead to a downfall in market in form of banking sector as it is plagued by poor asset quality coupled with forthcoming result season impact.
Support and Resistances for the Day
Jackpot Tip Profit
|Tip||2310 (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
MC Dowell, NCC, HDIL, KTK Bank, Pantaloon R, Rel Capital, Tech M, Canara Bank, JSW Energy & Orient Bank.
Weak future stocks at NSE
PEL, Hexaware, Cairn, Opto Circuits, Coal India, DR Reddy, TCS, Apollo Tyres, ONGC & Sesa Goa.
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