Indian stock market has tried to move out of the bears grip on last trading day but it will get into a confirmed bull grip only once it is able to close past 5730 levels in Nifty. The up move is courtesy an uptrend in auto stocks which has yielded excellent returns due to festival season sales. RSI is seeing a positive divergence and this rally can extend further on moving above 5730 level with volumes. This rally will continue only on getting some positive cues from US economy. Thus as a strategy trade daily with hot stock and make money like perfect traders playing market with reliable inputs.
Forthcoming week will see market trying to get direction from quarterly numbers. Globally Economic data, political news and developments in global markets too will play a key role in dictating the trend.
Action Plan for Investors
The positive news is dim and thus as a strategy one can exit from stocks which have hit life time highs as FIIS generally undertake redemption from India to cater for pressure being caused at their home countries due to Christmas and year end sales which causes redemption pressure on them.
Support and Resistances for the Day
Jackpot Tip Profit
|Tip||1350 (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, Union Bank, Orient Bank, Aurobindo Ph, IDFC, Titan, M&M, Arvind, Maruti & Godrej Ind.
Weak future stocks at NSE
IRB, Bharat Forg, CESC, GMR Infra, Renuka, Rel Capital, Guj Fluoro, ABB, Bata India & Havells.
If you like our post than do not forget to refer our free and that too Reliable Stock Tips 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.