The markets moved higher than what was perceived and we had perceived movement till 5450 and we are happy to see it scaling above that mark and now the level of Nifty 5330 holds significance. The rally in the global markets on the back of a decision by International Energy Agency to increase oil supplies and a resolution over Greece debt crisis has definitely given a push to the Indian stock markets at large. the global front, European stocks climbed, rebounding from a three-month low, as European Union leaders vowed to support Greece if the nation passes further austerity measures.
Now we can see Nifty rallying to the levels of 5,550-5,600; provided the level of 5400-5450 is respected on the closing basis. However trend still remains range bound for 200 points with bearish tone as Nifty has made a multiple head & shoulder formation. Analysis of derivatives data suggests that volume based up side around 5,622.50 and strong support around 5,380-5,364 exists and thus make use of this short term rally to trade in sure tips stocks and money making will become your daily habit. Now we head into the F&O expiry week and with higher volatility means more profit being generated by undertaking the day trading.
Sectors to Watch
Sugar stocks rallied on the bourses after an Empowered Group of Ministers (EGoM) gave a nod for additional 5 lakh tonnes of sweetener exports. With this approval, the government has allowed one million tonne of sugar exports since April. Market breadth was positive, 1,984 stocks advanced for 852 stocks which declined.
The shares of aviation companies such as Jet Airways, Kinghfisher Airlines and SpiceJet are in demand as domestic traffic grew 14.8% in May compared to the same period last year.
Oil Companies:- After putting it on hold for long time, the Empowered Group Of Ministers (EGoM), at a late night meeting on Friday, finally took the bold step of hiking the diesel price by Rs 3 per litre, kerosene by Rs 2 per litre and domestic LPG by Rs 50 per cylinder.
Click Here to Get Free Stock Market Tips & Free E-Book in Email
Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5300 | 5482-5570 |
| Sensex | 17700 | 18268-18563 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 2680 (Rs 50,000 Trading) |
Click for Daily Sure Shot Tip: Make Money Like Professionals
Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 42760 |
Click Here to Subscribe for Daily Intraday Money Making Tips
Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 69750 |
Click Here to Subscribe for Daily NSE Future and Option Tips
Strong future shares at National stock exchange
Dish TV, Bhushan Steel, Hero Honda, Hind Petro, Century Text, Indian Info, Sun TV, Nagar Fert, Hind Uni Lvr & Petronet.
Weak future stocks at NSE
GTL Ltd, GTL Infra, India Cement, GVKPIL, Tata Comm, Jindal Saw, PFC, Aban, GSPL & Triveni.
Click Here to Get Free Future and Option Tips in Email
If you like our post than do not forget to refer our market tips free on mobile 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.
