As we had suggested that till the time the level of Nifty 5000 is held, all is well in the market as this level of 5000 is a psychological support. Now we can lift this level of support to 5050 and any break of this level will indicate the first signs of reversal. if the level of 5050 is maintained, we are heading for 5200 and this peak may face stiff resistance at 5320 level. The market breadth was positive on the BSE. Out of 2,916 stocks traded, 1,832 stocks advanced while 952 stocks declined and thus it is the right time to enter in the market in view of festive season and make money making a daily habit with sure tips as it performs irrespective of the condition in the market. The momentum oscillators, especially the Stochastic Slow on the daily and weekly charts, continue to indicate further positive bias. Now the Nifty has again turned bullish and this rally can target 5200 levels. Now one need to keep the eyes on global scenario as the conditions abroad will determine the likely trend in future. In present scenario the best stock tips for intraday trading will be from the banking side as the sector is of the opinion that RBI may relax a while and may leave tightening regime for some time.
State of Global Financial Situation and Its Impact on Stock Markets
It is in the best interest of the global markets that Investors across Asia and Europe have shrugged off news of Italy's downgrade by S&P. However Greece is now nearing a crucial deal with international lenders to get its next tranche of bailout funds. Greece has described a conference call between Finance Minister Evangelos Venizelos and officials from the European Commission, the International Monetary Fund and the European Central Bank as "productive and substantive " and said that further talks aimed at assessing the progress made by Greece in meeting the financial targets would resume on Tuesday.The outcome of the talks would decide whether Greece gets an 8 billion euro ($11 billion) tranche of the rescue loan slated for October.
Meanwhile, investors awaited the outcome of a two-day Federal Reserve meeting starting later today. Fed Chairman Ben Bernanke is expected to announce some monetary measures or extra steps to boost the U.S. economy, which is at risk of slipping into another recession.
Any announcement on QE3 – quantitative easing – or a similar economy boosting measure would lead to buying action in the equity markets. However, a failure to do so and brewing worries in the Eurozone could take equities further down.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5000-4970 | 5265-5330 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1430 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 28560 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 47680 |
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Strong future shares at National stock exchange
Delta Corp, KS Oils, Financial Technologies, Educomp, JP Associate, NCC, Reliance Media, Tata Motors, Arvind & JSW Energy.
Weak future stocks at NSE
MC Dowell, Bajaj Hind, Pantaloon, SRE Infra, Opto Circuit, IVRCL Infra, Fortis, Exide Ind, Balrampur Ch & Bhel.
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