The Indian market was waiting with bated breath for RBI to provide a stimulus to market by providing them with a 50 basis point cut but as always the wishes were not fulfilled and it led to a temporary setback in the market. Now one need to keep an eye on the Nifty level of 6020 as crossing this level with volume means that we may see Nifty achieving all time high and may see 6150 as first resistance in its path to upmove. As we had predicted in our previous post that fall in gold prices is forcing the amount struck in gold to come out and boost Indian economy and some of these funds have really found an inroad into the market and it has in turn led to a recovery.
Make use of the available opportunity and trade intraday with the hot stock of the day and make money like professionals as aim is to capture the opportunity at the right moment to get the juice out of it. Are you ready for your stake for the profit in Indian stock market & if Yes than you have to take an action now to make money in the stock market by finding the correct mentor and guide and remember to have faith in him.
If you remember that we had stated that even free subscribers benefit a lot with us and classic example was our advice for the traders to go long in MCX after its stupendous fall. Now MCX in its upward journey can target the levels of 1020,1050 levels and if Nifty remains in bullish trend we may see 1200 levels. We like this stock as a long term bet which can finance your children education easily as it has tremendous growth potential.
Stock in News
Now to a great extent the rally in Banking stocks may start fizzling out as RBI has not lived upto their expectations by going only for a 25 basis point cut. Nonetheless stock in action appears to be MCX above 1000 mark.Nifty Support & Resistance
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Strong future shares at National stock exchange
Rcom, Ibrealest, Hind Uni Lvr, Idea, Uco Bank, Dabur, MC Dowell, Uniphos, Apollo Tyres & Auro Pharma.
Weak future stocks at NSE
Chambla Fert, Infy, IVRCL Infra, DLR, IOB, Hexaware, Canara Bank, Jindal Steel, FRL & Wipro.
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