Rakesh Jhunjhunwala in an exclusive interview to ET has stated that market is still bullish and will face stiff resistance at the levels of Nifty 6300 and feels that still retail participation has not occurred in the market so far. No doubt his Rare enterprises is roaring. One can yearn to become a billionaire by following the Long Term Investment as followed by this dynamic individual who has become an icon at stock markets of India and market moves as per the whims and fancies of the individual. We are proud to be associated with him and following his footsteps. However all those with a penchant for best intraday tips can also make merry while the sun shines on the horizon of Indian stock market.
Nifty is trading in a sideways mode and one can make money by strictly following the
e given support and resistances in the table below. Nifty gets into downtrend once it breaks the level of 5930. BSE advance-decline ratio stood at 1:1.4.Good news is that all banks are providing higher rate of interest and thus one can even take benefit by going in for fixed deposits. This is by virtue of intervention by RBI governor D Subbarao who has aksed banks to increase deposit rates to increase savings. However with this one has to be ready for higher interest rates for the home loans or other commercial loans as borrowing becomes costlier as banks will lend at a higher rate.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5960 | 6020-6091 |
| Sensex | 19900 | 20032-20050-20295 |
| Stock | Profit (Rs) |
| Tip | 1410 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 34670 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 46760 |
Tata Motors, Dish TV, Cipla, Exide Indus, HCL Tech, TCS, Dr Reddy, Jindal Steel, Bharat Forge & Hindalco.
Weak future stocks at Bombay Stock Exchange
WelCorp, KS Oils, India Info, Orbit Corp, Ibrealest, Unitech, LIC Housing, Jindal SWHL, Escorts & Rel Infra.
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