Indian stock market is facing stiff resistance at 4700-4720-4770 levels and it has a strong support at the levels of 4500 levels. This is confirmed by virtue of the formation of doji which appears to be pointing for a short term small uptick by virtue of its long tail. However intraday traders can make money every day with hot intraday tips as stock specific action takes place in every market and it occurs on every trading day. Nifty closing above 4680 means bulls can tighten their belts for a short term upmove which will be further confirmed if it crosses above 4720 levels with volumes.The market breadth ended positive with 1,408 advances and 1,259 losers on the Bombay Stock Exchange.
Analysis of the derivatives data especially options segment data suggests that a strong support exists at the level of 4500 and a stiff resistance exists at 5000 level. If the level of 4500 is broken than we will see level of 4400-4320. The market statistics suggests that unless Nifty moves above the level of 5000 mark, the long term downtrend will remain enforced in the market as presently market is looking weak except for small short up moves.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 4570 | 4700-4750 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1870 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 38590 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 59450 |
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Strong future shares at National stock exchange
GVKPIL, Welcorp, Tata Comm, Divis Lab, Tata Global, Infy, Nat Alum, Patni, BRFL & Jindal Saw.
Weak future stocks at NSE
EKC, VIP Ind, Central Bank, DCHL, BGR Energy, Syndicate Bank, Oriental Bank, GT Offshore, India Info & KS Oils.
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