The daily trend of nifty is in Up trend and will remain so till the time Nifty is able to sustain itself above the level of 5965 as it has given a breakout above the level of 5965 in the previous week. Oil companies has definitely a reason to cheer as prices for diesel per litre will rise in a steady manner rising by Rs 1 every month consecutively or next 10 months. The last closing has seen a positive breadth in the market as 1521 shares rose in prices and 1435 declined and thus tilting the battle of bulls and bears in favour of bulls. Now is the right time to trade with daily hot stock and make money in first two hours of the day. Are you ready? Do not get jittery if you feel that Nifty has hit 6000 mark and you have missed the bus as stock market opens its gateways to make every day and specific opportunities emerge every day in market.
Nifty Technical Analysis
All those with an eye for technical indicators need to know that select momentum oscillators have given a signal of having reached the top and thus profit booking can be seen at higher levels. Thus a s a strategy one can be long in the market till the time it holds 5964 level.
How Fiscal Cliff has been Averted?
Obama has been able to avert the fiscal cliff and has been able to take the Democrats and Republicans on the same path by taxing more the super rich who have more than $4,00,000 annual income as compared to earlier $2,50,000. It is good for the world order that fiscal cliff has been averted as it would have had led to a tumbling down of all the crucial markets of the world and markets could have had crashed like a pack of cards.
Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5979-5929 | 6100 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1435 (Rs 50,000 Trading) |
Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 27360 |
Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 64920 |
Strong future shares at National stock exchange
IFCI, Allahabad Bank, Bank Of India, RCOM, IOB, Recltd, Pantaloon, Idea, KTK Bank & Arvind.
Weak future stocks at NSE
ITC, Hexaware, JP Power, Ashok Leyland, Grasim, Titan, IGL, Dabur, Power Grid & Voltas.
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This article was first published on Indian-Share-Tips.Com on 06 Jan 2013 and sharing is sexy, so if you like the post; do spread the word as every one has the right to get benefitted with free quality content. As a cue for next week; one need to keep an eye on CPI number as it will give the direction to the market in the forthcoming days ahead.
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