Market is now looking for some trigger to move ahead else it faces stiff resistance as suggested by us in our previous posts. Now positive trends can be anything like change in the Cabinet, higher report of companies earnings etc. However globally political situation remains grim. Today also market was sideways moving due to no positive news which could buoy investor sentiment and neither any negative news was in offing.The market breadth remained positive, with 1,911 advances versus 1,020 declines. Thus make use of the positive stock tips and trade like professionals by trading less but hitting the bulls eye every day. One need to carefully see Nifty closing above 5975 level to see it moving in the next leg of the upmove. One more day and if market falls with conviction than the next upmove will have to wait as hanging man formation in Nifty chart a few days back confirms the same. Benchmark BSE index ended in the negative territory with a loss of 21.12 points at 19,591.18, while the broader Nifty index ended at 5,885.70, down 6.05 points from previous close.
At home front we show our support to the Anna Hazare cause and hope that his unflinching support for the cause will produce some results and India will become a democracy which will be portrayed as an example worldwide. We do not have any doubt that govt will wake from his slumber because he is performing some task which is for the masses and is not for his personal gains.
World Economic News
In economic news from the U.S., first-time claims for unemployment benefits fell by a little more than expected in the week ended April 2nd, according to a report released by the Labor Department on Thursday, with jobless claims remaining below the key 400,000 level.
On Thursday, the Bank of Japan left its key rate at near zero and introduced a 1 trillion yen loan package for financial institutions in the earthquake hit areas.
Click Here to Get Free Stock Market Tips in Email
Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5860 | 5956-5971-6020 |
| Sensex | 19560 | 19842-19991-20062 |
| Stock | Profit (Rs) |
| Tip | 2540 (Rs 50,000 Trading) |
| Share | Gains (Rs) |
| Tips | 45870 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 68680 |
Click Here to Subscribe for Daily NSE Future and Option Tips
Strong future shares at National stock exchange
Sterlite Technology, Patel Engineering, Unitech, IVRCL Infra, Jindal SWHL, Ibrealest, SREI Infra, Chambal Fertilisers, Sobha & Alok Industries.
Weak future stocks at NSE
National Aluminium, Jain Irrigation, Piramal Health, Cairn, Mphasis, Sterling Bio, Hind Uni Lever, Sun Pharma, Lupin & Ranbaxy.
Click Here to Get Free Future and Option Tips in Email
If you like our post than do not forget to refer our share market intraday website to your friends and colleagues. You can find more info related to the share markets of India by searching with the following keywords on the site by using the Google tool as given on the financial blog cum website.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
