The Nifty will continue to take support at 5,550-5500 and will bounce back and will try to move above the level of 5625 to target (tgt)  5700 levels. However off late the market (mkt) is lacking direction due to indecisiveness prevalent in the global market and ensuing developments overseas. We are seeing a state where market is witnessing low volumes coupled with disappointing results and thus it makes sense to undertake trading in sure tips stocks only to make daily money in market by day trading everyday as having information at the right time for execution is very important than to repent later on as information which is available in open media like business channels, newspapers and internet already gets factored in the price by the time it is known to the general public. Thus information from open source should always be used with discretion. Thus trade only in focussed and stock-specific opportunities in the market.

Derivative Analysis

The trading data in the Nifty futures and put and call options suggest that the June futures is likely to move within a range of 200 points of 5,550-5,700 and can break in either of the direction. A tug of war is seen between the bulls and bears and same is suggested by the trading pattern where we see that Nifty 5,600- strike call and put options clearly showing the prevalent tussle. This clearly means both bulls and bears see strong consolidation around this level before breaking out of the trading channel. MACD and Stochastic Slow are both indicating bearishness and thus likelihood of market falling appears more and it appears that bears will have an upper hand. The BSE market breadth was marginally negative on the last trading day with out of 2,991 stocks traded, 1,469 declined while 1,385 advanced in trades.

Global Markets Update

European bourses continued to show weakness ahead of the release of European bank stress tests results. The US reporting season is going to be very important because it will set the scene for the rest of the world as well.

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Support and Resistances for the Day

Indices	Support	Resistance
Nifty	5540-5500	5631-5710
Sensex	18465	18730

Jackpot Tip Profit

Stock	Profit (Rs)
Tip	940 (Rs 50,000 Trading)

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Intraday Trading Tips

Share	Gains (Rs)
Tips	17880

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Future and Options Daily Paid Tips

NSE Nifty 50 Stocks	Made Money (Rs)
Tipz	36480

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Strong future shares at National stock exchange

TTML, CESC, Reltd, MRF, IRB, Bata India, PFC, Hotel Leela, Jet Airways & Lupin.

Weak future stocks  at NSE

GTL, TV-18, LITL, Zeel, Orchid Chem, KS Oils, OnMobile, Escorts, Educomp & Sail.

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