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Nifty is overstretched and a bounce back from the level of 5430 is expected. This is our wishful thinking as we see a formation of death cross and it shows that bears has an upper hand and we are likely to see short term rallies which will be used by stronger hands to short the market.

To make it simple death cross is the phenomenon which occurs when 50 day moving average crosses below 200 day moving average and it signifies that we have to now see the tussle between the bulls and bears for bulls to regain the control. As we can see that Nifty trend is down wef 30 Jul with reference to 20 day and  a confirmed downtrend exists on the basis of 5 days swing reference since 25 Jul 13. Now we can only keep the fingers crossed to see Nifty gaining the ground above 5580 level with volumes to gather some bullish momentum as rupee positive movement may add some solace to the market.  Make use of the available opportunity and trade intraday with the sure tip 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.

Not to panic as long term trend of Nifty will be bullish only as markets always like to be bullish and people are flush with funds including govt with pension corpus which can be infused to give a new lease of life to the market.

Festivals are an occasion to celebrate and we take the opportunity on behalf of our team to wish our readers Eid-ul-Fitr 2013 Mubarak and we are really impressed with the acronymn of EID which takes you to another dimension itself.

The main purpose of Eid is about sharing the happiness with others, especially those who are less privileged. The whole purpose of fasting to learn self-discipline, and to realize the sufferings of the poor and we know worldwide our brethren are doing the same and let us do our bit on the occasion by taking a pledge for eye donation. We have done it; are you ready for it. Do remember to see the video on opening of the link for eye donation.

Nifty Support & Resistance
Support Resistance
5430 5580-5700

Jackpot Sure Shot Tip Profit
Share Profit (Rs)
Tip 2330 (Rs 50,000 Trading)
Intraday Trading Tips
Share Gains (Rs)
Tips 24380
Future and Options Daily Paid Tips
NSE Nifty 50 Stocks Made Money (Rs)
Tipz 49355
Strong future shares at National stock exchange
Wipro, Hexaware, TCS, Infy, Tech M, OFSS, Sun TV, Biocon, Hero Motors & Titan.

Weak future stocks  at NSE
Finan Tech, Sintex, JP Associat, Bhel, Syndicate Bank, JP Power, KTK Bank, Yes Bank, Dena Bank & GMR Infra.
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Chart> Nifty A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9