Nifty is establishing a pattern of falling tops and it indicates bearishness in Nifty in medium term time frame. Nifty plunging below 200 DMA is also a matter of concern. On the shorter time frame we may see increased volatility in the coming week and same can be attributed to possible fuel price hike, Election Results in Assam, West Bengal and other Southern States and not to forget the IIP Data.in days ahead. Due to hawkish stance by RBI GDP growth is being moderated and FY 12 earnings are likely to fall and thus intermediate to long term appear bearish. However we consider as a correct step as it will help us to keep the financial crisis at an arms length and we know that NSE market tips will perform irrespective of the condition in the market as stock specific action is the order of the day and we know best to take benefit from intraday volatility.
However intermittent false breakouts will be seen and thus one has to strictly move as per the given support and resistance on this financial website. We may see a bounce upto 5600-5620 levels through the breakout and same should be used as an opportunity to exit long positions. However this analysis will not hold if Nifty stays above 5650 level with conviction on weekly closing basis consecutively. An additional point to note for short term trading is that Fiis have been net sellers in the market for the day.FIIs have been net sellers of Indian equities since April 25 and have sold Rs 7032.63 crore in the past 10 trading sessions.
Morgan Stanley Views on India as a Growth Story
Morgan Stanley considers India as overpriced in shorter time frame as it feels that price to book value versus price to book ratio is 3.3 times and it is on an expensive side in India. As of now it is overweight in China, and underweight in Mexico, India and several other countries. It further feels that India can seek out as the stock market is not expensive on a price to earnings basis. The earnings growth is about 20% this year and will be another 12-15% next year. We like those earnings dynamics. In longer-term, we see a tremendously attractive growth story for India. Morgan Stanley has a tremendously positive view of India as an investment opportunity by virtue of Consumer markets, service economy, infrastructure developments, incredible demographic dynamic and structural positioning of India is in a very sweet spot. In longer-term, There is a lot of good feeling, grasp and engagement by our investor base of India as a growth story in the intermediate and longer-term. Morgan stanley is positive on the actions being undertaken by RBI and states that they feel RBI's rates hike by 50 bps is putting them ahead of the curve which is much better than being behind the curve. In their view, it was like like taking a strong medicine in the short-term so that India don't have to take stronger medicine in the intermediate and longer-term.
Commodity Tips
Do not just say that Commodity is out with recent crash as it will be back and in another an year or two years time frame we may see gold, silver and other commodities will be trading at higher prices than they were just a few weeks ago - when they were trading at record levels. Thus as an advice invest in gold and silver as a systematic investment plan.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5500-5443 | 5623-5635 |
| Sensex | 18250 | 18748 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1320 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 14670 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 27870 |
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Strong future shares at National stock exchange
Bata India, Sintex, MRPL, DCB, BPCL, Opto Circuit, Exide Ind, ABB, Hind Petro & Glaxo.
Weak future stocks at NSE
HDIL, IRB, OnMobile, GT Off Shore, SRE Infra, RCOM, LITL, Patni, Unitech & Patel Eng.
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