Share Tips Expert Advice for Trading in Nifty : 22 Aug

The Nifty is likely to consolidate around 200 DMA support which exists at the level of Nifty 4830. In case this level is broken convincingly than we are going to see Nifty falling to the levels of 4730-4600. The weak global backdrop and concerns over slowdown in the Indian economy are a concern for Indian economy and will become more pronounced if the level of 4830 is broken on weekly basis. However if Nifty sustains above 4830 than Nifty can rise to 5000-5300 level where it again encounters fresh selling in the market. A technical bounce back is likely to come as short term indicators are over stretched and thus do not blindly short in this expiry week as one may be trapped due to short covering. Thus in such scenario make use of the sure tips and make money making a daily habit as success begets success.

The last trading day on Friday saw Sensex slipping to 16000 level for the first time since May 2010. Market breadth was extremely negative, 2083 stocks have declined, for 773 stocks which advanced.

Global market Data to be kept under Watch

Key data to watch globally would be US new home sales, US MBA mortgage applications, US durable goods orders, US GDP

Commodity Tips

Nymex crude declined 5.4% on a weekly basis to close at $81 /barrel (on Thursday) on weak global concerns. Crude hovering at lower levels is good for India as we are heavily dependent on crude import which increases our dollar outgo.

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Support and Resistances for the Day

Indices	Support	Resistance
Nifty	4778-4682	5020
Sensex	15986-15762	16670

Jackpot Tip Profit

Stock	Profit (Rs)
Tip	1220 (Rs 50,000 Trading)

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Intraday Trading Tips

Share	Gains (Rs)
Tips	25255

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Future and Options Daily Paid Tips

NSE Nifty 50 Stocks	Made Money (Rs)
Tipz	46430

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Strong future shares at National stock exchange

Chamble Fertilisers, Hero Motors, Petronet, Idea, IGL, Ambuja Cement, Bata India, M&M, BPCL & ACC.

Weak future stocks  at NSE

IVRCL Infra, OnMobile, Educomp, Moser Baer, Triveni, Jet Airways, GTL, Ashok Ley, GT Offshore & MLL.

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