It was a day when Nifty can thank publication of GDP data as it was in line with market expectations and it gave a boost to the market in positive direction. Once Nifty scales past the level of 4870 we may see a surge in Nifty taking it to the psychological barrier of 5000 mark. The Nifty is likely to remain range bound between 4600-5000 and as of now in the absolute intraday basis it appears to be moving with a positive bias and thus trading with accurate share tips is the only mantra to make money in the market which is moving like a lost cow and trying to find its way out with moving in a new direction every day and this time we may find it knocking the doors of Nifty 4930 and thereafter 5000 mark. One need not lose heart by virtue of seeing the downfall in the market as December will bring at least good news that for the time being RBI has not tinkered with the rates and at least banking and financial market sector can heave a sigh of relief.
Overall market breadth, which indicates the state of the health of market, remained very mixed. Out of a total of 3186 stocks traded, 1419 stocks advanced, 1590 stocks declined while 177 stocks remained unchanged. Just keep in mind that the overall undertone remains bearish till the time Nifty scales past 5330 level. The GDP data is also not encouraging as the economic growth rate has slipped to 6.9% in the second quarter this fiscal and it is the lowest in nine quarters and it has further prompted the government to lower its full-year growth projection to 7.3%. It is bad for our economy but than whole world is grappling with another bout of recession.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 4770-4750-4700-4600 | 4930-5000-5200-5330 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 2680(Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 46750 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 76940 |
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Strong future shares at National stock exchange
Patni, Apollo Tyre, Cipla, Zeel, Hind Uni Lvr, Sun Pharma, Raymond, Havells, Tata Chem & MRF.
Weak future stocks at NSE
Renuka, HDIL, Triveni, Adanient, Welcorp, SRE Infra, Suzlon, Apil, Moser Baer & NCC
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