Nifty is moving in a narrow band and is just looking for a reason to make or break the market. If Nifty manages to stay above 5340-5300, we can get into bullish mode else 5200 is the level at which support exists for Nifty and nifty can target 5375 levels.
Good news for bulls is that momentum oscillators on the daily charts are showing a bullish trend and we can call that trend of Nifty has changed from downtrend to up trend. However have a heart as Bears need to also get a chance and they will be in control below 5300 level. Thus make use of the Reliable Tips and trade with an authority. The overall breadth on the Bombay Stock Exchange was positive as 1,492 stocks advanced while 1,394 stocks declined.
Home Loan buyers have a reason to cheer with ICICI bank and PNB announcing rate cuts of a quarter percentage in their lending rates by virtue of RBI recent rate cut of half a percentage.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5300 | 5375-5400 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1210 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 16470 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 43490 |
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Strong future shares at National stock exchange
VIP Ind, Yes Bank, MC Dowell, Aurobindo Ph, Tata Motors, Voltas, Tech M, Bata India, Ranbaxy & Unitech.
Weak future stocks at NSE
Infy, Idea, Rel Capital, BEML, OnMobile, Exide Ind, Suzlon, JSW Energy, GSPL & Bhel.
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