We are in for a bearish market if the level of 5000 is not overcome in a matter of day or two else we will be heading for the 52 week low in Nifty. However still some hope remains in the market if the level of 4800 is respected on closing basis. The global trends are affecting the Indian market to a great extent and weak political leadership at the helm of affairs in our country is adding fuel to fire. However die hard day traders just trade with accurate and hot sure day trading tips which will help you make money with in first 2 hours of the day and thus you will be free of any tension caused due to global uncertainties. As predicted for the last trading day Nifty opened with gap down to fill the gap created in the market.
Just remember that market is very accurate in ascertaining the correct price for a stock and as of now it has already factored in the stock price that RBI is not going to further cut CRR rate and if it happens against the market perception than we will be heading for a real downfall in the market. However in short term no need to press panic button as market is likely to be range bound between 4700-4850-5000 levels. On Friday, the overall breadth was extremely negative at National stock exchange and Bombay stock exchange as 1,648 stocks declined while 1,040 advanced.
Why Nifty is Falling?
A good question which needs to be answered and the continous drop in Nifty is because of the government lowering the full year Gross Domestic Product (GDP) growth target to below 8% and as a result of its lowering the projections, it has fallen 3.8% in the last week. This is first time in the past 4 years govt has openly acknowledged Gross Domestic Product (GDP) growth target which has belittled industry expectations. Moreover they have also acknowledged the fact that meeting fiscal target would also prove to be a challenge and it will get to atleast 5.4% instead of 4.5% and they really need to work hard to avoid India falling in a similar situation like eurozone crisis.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 4835-4815 | 4916-4950-5000 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1120 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 23560 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 45860 |
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Strong future shares at National stock exchange
Patni, Wipro, Havells, OnMobile, Orbit Corp, Alok Ind, JP Power, Pir Health, Apollo Tyre & TCS.
Weak future stocks at NSE
Renuka, EKC, VIP Ind, Ibrealest, Welcorp, Suzlon, BGR Energy, GMR Infra, Moser Baer & Delta Corp.
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If you like our post than do not forget to refer our BSE Share Tips website 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 and keep watch on IIP Data on Monday, monthly inflation data on Wednesday and RBI Quarterly review on Friday and this appears to be an action packed week.
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