Perfect Trading Tips with Sure Shot Tips in Nifty : 31 May

Analysis of the options data suggest that selling pressure is likely to occur at higher levels. The Nifty may top out near 5500 and thus one should consider fresh buying only if the index sustains above 5500 and to be precise above 5520 level. The level of Nifty which needs to be monitored is 5339 which if broken means we are heading for new lows in the market as this figure is Laxman Rekha for the market. However if sustains above 5520, we may see Nifty hitting 5600 level in next 2-3 sessions. Thus remember to trade with day trading tips whenever trend appears uncertain as is the case in the present scenario at NSE and BSE.

Further digging down of the data in today’s market shows that it was a directionless trading session and Q4 results of market heavyweight such as ONGC, Mahindra & Mahindra (M&M), Indian Oil Corporation, BPCL and National Aluminium Company  were below market expectations which kept the indices trading with a negative bias.  However overall market breadth was positive with 1,629 advances against 1,150 declines. Despite positives outpacing the negative stocks, daily trend of nifty remains in the down trend.

However if you are a long term investor and can hold, than the sectors worth getting in now are banking, infrastructure and pharmaceuticals. Banking will show appreciation as it is subdued due to aggressive policies of the Reserve bank of India which is making the rate of interest of loans on the higher side. Market is already factoring in another hike of 25 basis point hike from RBI which is likely in the month of July and one just needs to keep the inflation number under watch.

On the global front we have to be careful as Mark Mobius Executive Chairman, Templeton Asset Management has stated and we quote "There is definitely going to be another financial crisis around the corner because we haven't solved any of the things that caused the previous crisis. Are the derivatives regulated? No. Are you still getting growth in derivatives? Yes."

Click Here to Get Free Stock Market Tips in Email

Support and Resistances for the Day

Indices	Support	Resistance
Nifty	5400	5564
Sensex	18100	18560

Jackpot Tip Profit

Stock	Profit (Rs)
Tip	1430 (Rs 50,000 Trading)

Click for Daily Sure Shot Tip: Make Money Like Professionals

Intraday Trading Tips

Share	Gains (Rs)
Tips	27870

Click Here to Subscribe for Daily Intraday Money Making Tips

Future and Options Daily Paid Tips

NSE Nifty 50 Stocks	Made Money (Rs)
Tipz	45830

Click Here to Subscribe for Daily NSE Future and Option Tips 

Strong future shares at National stock exchange

Ranbaxy, Sintex Ind, Dabur, Asian Paints, Educomp, Divis Lab, Dish TV, Mundra Port, Bata India & LIC Housing.

Weak future stocks  at NSE

KS Oils, NCC, Balrampur Chini, Jindal Saw, SBI, SRE Infra, Pir Health, Tata Global, Tata Motors & PFC.

Results Update

(a) ONGC Q4 net dips 26% to Rs 2,791 cr as subsidy weighs. 
(b) IOC Q4 net up 30% to Rs 3,905 cr. 
(C) M&M Q4 net up 6.5% at Rs 607 cr, dividend 230%. 
(d) RComm FY11 net plunges 71% to Rs 1,345 cr. 

Click Here to Get Free Future and Option Tips in Email

If you like our post than do not forget to refer our sharetipsinfo 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.

sharetipsinfo, bse and nse, tips share market, indian share market, intraday free tips