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Just remember that market has the habit of surprising the participants in the direction which causes maximum pain. Thus one has to ready to exit all longs if the level of 4800-4785 is broken with volume and can remain long till the time Nifty sustains above the level of 4800. Now is the right time to benefit from the consolidation by using the sure share tips for the day and make money like professionals. The market breadth, which indicates the overall health of the market, remained positive. Out of the 3184 stocks traded on the BSE, 1555 advanced, 1517 declined and 112 remained unchanged. Last but not least and definitely not to scare any market participant a select momentum oscillators have now entered overbought zones. However not to worry as at times a number of these oscillators stay in overbought zone for long times.
RBI Rate Cut Update
Finance Minister Pranab Mukherjee has stated that declining rate of price rise indicates that macro-economic parameters are showing improvements and we may see March-end numbers at 6-7% in food inflation. This might be an indicator that we may see RBI undertaking a rate cut on 24 Jan as statement by Finance Minister may be a hint for the same.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 4800 | 4900-4930-4946 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1140 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 19380 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 37590 |
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Strong future shares at National stock exchange
GMR Infra, Triveni Eng, Orbit Corp, IVRCL, ABB, WelCorp, NCC, Rolta, Patel Eng & KS Oils.
Weak future stocks at NSE
IGL, Bajaj Auto, Biocon, Infosys, Bajaj Holding, Lupin, Gitanjali, TVS Motor, TCS & Reliance.
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