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Free Nifty Future Technical Analysis for Today

We had predicted way back on 03 Feb 13 that Nifty is in a down trend and we see that a base has been formed near its 200 DMA at 5627 and for the time being we are seeing a short term uptrend which is deceptive. If the upmove continues we see levels of 5800-5900 levels provided 5700 level is held and below 5700 we see Nifty taking support at 5650 and 5600 levels. Why we are saying that it is a deceptive move as 200 DMA has been tested twice and this time if it goes down than this support may become a resistance. Nonetheless such short term volatile moves are good  times to make money with sure tip of the day.
 
The central govt employees can rejoice for a 8% DA announcement which is yet to come and it takes the DA to 80% and we do hope that govt merges it into basic pay as per the recommendations of the VI Pay commission as it is beneficial for the employees as their allowances are based on basic pay.

Free Nifty Technical Analysis

Pullback attempts from current levels are likely to see the index face a stiff resistance around the 5780-5830 area being the 50% and 61.8% retracement of the current down move (5970-5605).
 
Free Nifty technical analysis
All our regular readers would have had benefitted with our free advice on going short in MCX, Financial Technology, Ranbaxy and Airtel and would have had benefitted by going long in Asian Paint and this going long was given when Asian Paints was hovering at 4500 level and it crossed majestically way beyond 5000 mark. Thereafter we have given a free call for going long in MCX post its phenomenal fall. We know that it is a good stock suffering because of CTT imposed in budget. We have provided these free calls under stock in news section incorporated in the listed posts. Click the above links to check our accuracy of technical analysis. The dates for the posts are given at the end of the posts.

Stock in News

Novartis patent being cancelled by Supreme Court is good for patients and also good for Cipla, Lupin, Sun Pharma and Dr Reddy. So without saying any words you know that where one can go long. Rcom will be in action due to Rs 1200 Crores deal with Mukesh Ambani for its fibre optic network usage for 4G services being rolled by Reliance giant Mukesh Ambani. This is a win-win deal for Anil Ambani as for long he has been scouting for sale of its tower business. In the forthcoming week domestic markets would be looking out for HSBC market manufacturing and services PMI data. Overseas, markets would be looking out for trade balance, MBA Mortgage applications, initial jobless claims and ISM manufacturing data in the US and interest rate decision and PMI manufacturing data in the Eurozone

Nifty Support & Resistance

Support Resistance
5648 5790-5800-5900-5950

Jackpot Sure Shot Tip Profit

Share Profit (Rs)
Tip 2135 (Rs 50,000 Trading)
Intraday Trading Tips
 
Share Gains (Rs)
Tips 24530
Future and Options Daily Paid Tips
 
NSE Nifty 50 Stocks Made Money (Rs)
Tipz 67430
Strong future shares at National stock exchange

Punjlloyd, GMR Infra, Opto Circuits, GSPL, IGL, Adani Ports, Dabur, Dish TV, Sun Pharma & Biocon.

Weak future stocks  at NSE

HDIL, Rel Infra, Pantaloon R, Sail, RPower, Hero Motors, Bajaj Auto, Tata Motors, IVRCL Infra & Tata Steel.
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