Stock Tips - Intraday Free Guidance to Make Money : 24 Feb

Derivatives expiry is always a day where wide fluctuations take place in the market and the same was seen today being an expiry day. Now market is trading with negative bias till the time Nifty moves above the level of 5540. As of now MACD has turned negative on the daily chart and we may see Nifty moving with in a range of 5400-5540-5640 and fresh indicators will be now derived from the cues being given by pre budget rumours. The right strategy is to trade with hot share of the day and make money by trading at the right time and exiting at the right opportune moment with profit. The daily trend of nifty is in Up trend till the time Nifty is able to sustain above the level of 5400.

If you are a bold trader and can carry the risk of volatility, than you can be short in Nifty with stop loss being 5668 because now we can see Nifty crossing this level only if budget is pro market and same can happen if any proposal like removing STT is brought in the budget. As of now the market breadth, which indicates the overall health of the market, was negative. Out of the 3316 stocks traded, 1987 declined, 1221 advanced and 108 remained unchanged.

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Support and Resistances for the Day

Indices	Support	Resistance
Nifty	5400	5550

Strong future shares at National stock exchange

IFCI, LITL, BGR Energy, HDIL, Godrej Ind, VIP Ind, Yes Bank, WelCorp, STR Tech & BPCL.

Weak future stocks  at NSE

GSPL, MC Dowell, Arvind, Tulip, GMR Infra, Dish TV, Cipla, Sterlite, Educomp & DCHL.

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