Nifty has broken the key supports and thus now the market can fall to the levels of 4500-4400. However in short term a technical bounce back may be seen and Nifty may rise upto 4800 levels as Nifty is over stretched on the sell side. As of now Nifty 4500 is going to act as a good support for Nifty. Thus ideal in such an environment is to trade with NSE Sure Tips as stock specific action is the order of the day and one ends up making profit by using the volatility available in the market as higher the volatility more is the profit. Hanging Man formation at a bottom of sell off is bullish and thus it is highly probable that a technical bounce back will take place.
Keep an eye on Nifty breaking 4549 level which will signal that another leg of downward wave has started which can take nifty below 4400 levels. During the last closing day trading, out of a total of 3213 stocks traded on the BSE, 2286 stocks declined, 820 stocks advanced and 107 stocks remained unchanged.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 4520-4340 | 4700 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 3330 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 48350 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 75370 |
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