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Analysis of derivative data shows that put call ratio of Nifty has remained at flat levels of 1.14 levels and Nifty is still in bearish undertone unless Nifty crosses above the level of 5330 else it can fall to the level of 5150 whichh happens to be Nifty 200 day moving average (DMA).
Analysis of todays market
t shows that overall breadth was positive as 1,712 stocks advanced while 1,100 stocks declined. Thus if you want to benefit as a day trader and want to make sure shot money than ideal opportunity exists in form of hot shares of the day which performs irrespective of the condition in the market. As a strategy short can be initiated below 5245 and further shorts can be initiated below 5200 as Nifty will find support at 5170-5150 levels. However short term positiveness will prevail as falling wedge pattern is seen and this is courtesy HOP generated by virtue of likely RBI rate cut of 0.25% which will be peanuts. RBI need to be bold to give a boost to Indian economy.
Only ray of hope exists if RBI undertakes the rate cut in forthcoming monetary policy review which is going to take place on 17 Apr. The IIP data has been lackluster and same has been discounted by market in wake of impending hope of a rate cut by reserve bank of India. Overall the trend is down till Nifty moves above 5330 level.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5190-5170-5150 | 5305-5320-5330 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1330 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 27390 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 68390 |
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Strong future shares at National stock exchange
IVRCL Infra, Max, VIP Ind, Yes Bank, MC Dowell, Ranbaxy, Voltas, Tech M, Bata India & Dena Bank.
Weak future stocks at NSE
IGL, HDIL, OPTO Circuit, Rel Capital, JSW Energy, BEML, Suzlon, India Cement, GSPL & Rel Infra.
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If you like our post than do not forget to refer our Best Intraday Tips Provider website to your friends and colleagues. You can find more info related to the share markets of India by searching with the following keywords on the site by using the Google tool as given on the financial blog cum website. You can get more info on subject by searching at Google, Facebook, Yahoo or Bing by using the following search engine phrases to get an accurate and correct answer to your query.
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