Nifty is now moving on a positive note till the time it sustains above the level of 4900-4800 as now it has moved above its 50 day moving average (DMA) which stands at 5020 level. Thus in short term if Nifty is able to sustain itself above the level of 5000, we may see a short term up move and it can target the levels of 5100-5150. As of now in shorter term time frame Nifty has changed its trend from down trend to uptrend and this remains in force till the level of 5000 is maintained in the index. So do undertake the day trading with the Best Indian Stocks and make losses a thing of past as you will be booking the profit on intraday basis and that too irrespective of the prevailing trend in the global markets.
World's leading central banks announced a big coordinated intervention to lower swap rates. In other words, the move will make banks all around the world to borrow dollars without many hurdles. This was the reason that Nifty crossed the psychological barrier of 5000 mark. To put it in simple words now world's six major central banks have moved to come together to tame liquidity crunch for European banks by providing cheaper dollar funding. At the home front FIIS have also got into the buying spree with a voluminous buying coming in last week through Fiis which means that once again they are becoming bullish on Indian market.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5000-4930-4900-4850 | 5111-5150-5181-5330 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 2570 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 35970 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 59680 |
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Strong future shares at National stock exchange
Patni, PFC, MRF, Pantaloon, Apollo Tyre, OnMobile, Tata Motors, TCS, RECLTD & Hindalco.
Weak future stocks at NSE
Renuka, HDIL, Suzlon, Welcorp, Moser Baer, KS Oils, Delta Corp, FSL, BRFL & Jindal SWHL.
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Data to Watch Globally and at Home Front
Last but not least the data which needs to be watched globally in the coming week are ECB Interest rate decision, US initial jobless claims, MBA mortgage applications, Factory orders, and Wholesale inventories and on the home front one needs to watch the weekly inflation which provides cue to people’s purchasing power.
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